The Failed Summit between the United States and Japan: The Switch from Global Cooperation to Confrontation
Gillard, Stephanie J.
MetadataShow full item record
President Bush's trip to Japan exposed the basic problem: Washington still does not understand the seriousness of our competitive problem and what is needed to solve it. The problem is too deep to leave things up to the market. The United States government has given aid to failing industries such as steel, television set manufacturing, and savings and loans but not to other competitive areas like high technology that need help for future development. America must quickly address the areas of savings and investment, technology, education, corporate responsibility, and trade policy. These areas must be developed for the long term.