How does Asian-Pacific interaction affect Japan’s growth?

One well-known consequence of this shift in power is the increased weight of the Asian-Pacific countries in global economic interactions. The relative shift of economic power to the Pacific also has important political effects, bolstering the national self-confidence and self-esteem of the countries of the region and increasing their ability to play larger roles in regional politics. In the United States, however, there are additional effects, one of which is exacerbating national anxieties over long-term American competitiveness and strengthens protectionist sentiment, particularly vis-a-vis Japan. Many polls suggest that Americans are increasingly coming to regard Japan’s economic power as a “critical threat” to the US. Increasing primacy of domestic considerations. As the decentralization of manufacturing, globalization of major industries, and internationalization of capital flows have increasingly challenged national boundaries, popular pressure mounted for a nationalist response. These pressures are particularly evident today in US-Japanese relations, where a rising emotionalism on both sides strengthens insular tendencies and exacerbates the difficulty of containing economic tensions.

The post How does Asian-Pacific interaction affect Japan’s growth? appeared first on interaksyonph.