Let me show more who the sources of profits were: “In terms of trade in manufactured goods, the dollar volume of American exports to developing coun¬tries in 1977 exceeded the total for Western Europe, Japan and the communist countries ‘The Nations Paper on the United States, Report prepared for the 1979 United Nations Conference on Science and Technology for Development, Vienna.
And the U.S. trade surplus in manufactured goods comes mainly from the developing countries. “It is striking that the U.S. exports more manufactured goods to the developing countries than it does to Western Europe, Japan, and the Communist countries.” Meier, G.M., 1980, U.S. Foreign Economic Policies, cited from Duignan, P., Rabushka, A., The United States in the 1980s, Hoover Institution, Stanford University, 1980.
However, in 1977 this trade surplus with the developing countries was virtually wiped out by a correspondingly trade deficit with Japan alone. In fact, Japan represents the singular exception to a generally favorable balance in manufactured goods.” Gee, Sherman,Technology Transfer, Innovation, and International Competitiveness, New York, John Wiley and Sons, 1981.
Since only South Asia and Sub-Saharan Africa remain net recipients of funds and from 1981 to 1987, Japan invested more than $100 billion in Asean countries; the above amounts to a flow of money from developing countries—mainly Latin Americans— to Japan via the U.S. And from Japan to the ASEAN countries.
Please don;t offedn the Thread. Educate yourself before writing. I am doing this for 30 years... |
