|dc.contributor.author||Pacific Trade and Development Conference|
|dc.description.abstract||The Fifth Pacific Trade and Development Conference was held in Tokyo from 9 to 13 January, 1973 to further the objectives of the
Conference series. The first Conference in this series was held in
Tokyo in January 1968; the second in Hawaii in January 1969; the
third in Sydney in August 1970; and the fourth in Ottawa in October
1971. The Pacific Trade and Development studies are establishing
their own influence upon trade and development policies in Pacific
basin countries. This book contains the papers and proceedings of
the Fifth Conference, discussion at which focussed on issues related
to the development of a new world economic order and structural adjustment
in Pacific trade.
In the coming year, a good many of the uncertainties in the international
monetary and trading system that have now appeared are
likely to continue. Planning a new order for the international economy,
in which steady growth and adjustment is encouraged, deserves
Structural adjustment and adjustment assistance policies appear
to be a basic pre-requisite to the monetary re-alignnents that now
have to take place, as well as to continuing the trade liberalization
that is essential to the dynamic expansion of Asian-Pacific
trade anong developed and developing countries alike.
The book covers three broad subjects. The first part deals with
"monetary re-alignments and trade adjustment in the world economy."
Professor Hamy G. Johnson was expected to introduce the general issues
involved in trade adjustment and monetary reform. Due to his
illness this was not possible. Thus Mr. Royer and Professor Ishikawa
introduced the problem as it affects the Asian-Pacific economies by
analysing the impact of the enlarged European Community and China on
this region's trade structure and trade growth.
The second part focusses on export growth in Asian developing
countries--its role in developrnent and employment progranunes. One paper analyses overall problems of the entire developing world from
the viewpoint of industrialization policy. Two other papers deal
with areal trade and adjustment problems in East and Southeast Asia.
Another paper looks at the Latin American economies.
The economic development of developing countries depends very much
upon their export growth, but this poses problems both of shifts in
policies from import-substitution to export promotion, and determination
of proper industrial priorities for export. In turn this depends, not just on comparative advantage but on foreign trade prospects
and barriers. Thus there is an important interaction between
development and trade policies in developing countries with trade
policies and structural adjustments in developed countries. Past experience, future prospects and difficulties are explored.
The third part deals with adjustment assistance policies in developed
countries: Japan, Australia, New Zealand, the United States
and Canada. The future structure of world trade are drawn out by
each writer in order to set the position of each country in perspective. Structural adjustments are required both to harmonize trade
with advanced countries and to expand trade with developing countries. Adjustment assistance policies are required not only for contracting
i nefficient sectors but also for developing efficient and export sectors. How overall unemployment can be cured is another problem
which relates directly to the degree of flexibility and cost
of adjustment programmes. Successful and unsuccessful experience
of structural adjustments and structural adjustment policy is analyzed.
As indicated in the Surnnary by Professor Hugh Patrick and the Communique
issued by the Confe rence, there was intensive discussion at
the Conference, but some urgent policy priorities were agreed upon
in the search for a new world economic order and the successful structural
adjustment of Asian-Latin American- Pacific trade.|
|dc.publisher||The Japan Economics Research Center, Tokyo|
|dc.relation.ispartofseries||PAFTAD conference series ; no. 5|
|dc.relation.ispartofseries||Pacific Trade and Development Conference. Papers and proceedings ; 5|
|dc.relation.ispartofseries||JERC Center paper: no. 21|
|dc.relation.ispartofseries||Center paper (Nihon Keizai Kenkyu? Senta?) ; no. 21|
|dc.subject.lcsh||Trade -- Asia Pacific|
|dc.subject.lcsh||Development -- Asia Pacific|
|dc.title||Papers and Proceedings of the Fifth Pacific Trade and Development Conference: Structured adjustments in Asian Pacific trade|
|dc.title.alternative||Structured adjustments in Asian Pacific trade: Papers and Proceedings of The Fifth Pacific Trade and Development Conference sponsored by The Japan Economic Research Center and
The Japan Institute of International Affairs, January 1973|
|dc.provenance||Digitised by The Australian National University in 2018.|
|dc.rights.license||This publuication is provided for research purposes only and must not be reproduced without the prior permission of the Australian National University|
|Collections||Pacific Trade and Development (PAFTAD) conference|
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