In the 1980s, Japanese companies were snapping up prime New York real estate and Japanese cars lined both Main Street and Wall Street, spiking economic anxiety in the U.S. As a result, Americans and politicians targeted the country, through the destruction of Japanese-made products and heavy tariffs.
Today, China finds itself in a similar situation.
Ambassador Carla Hills, Bill Reinsch, Craig Allen, Kim Menke, and Don Morrissey discuss the similarities and differences between the anti-Japanese sentiment of the 1980s and the anti-Chinese sentiment of today.
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29:42
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29:42
China Enters the Global Trade System
After decades of negotiations, promises to open its markets, and convincing the Chinese people of the country’s next step, China officially joined the World Trade Organization in 2001. Wendy Cutler, Ambassador Xiangchen Zhang, and Bill Reinsch discuss why China and the world wanted the country to join the WTO and why many have come to regret it.
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29:02
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Asia Emerges from Financial Crisis
The story of the 1997 Asian Financial Crisis continues in this episode. Hear the “Echonomics”’ guests discuss how the U.S., International Monetary Fund, and global organizations learned from the crisis and why it was, and still is, important to get to know Asia and its economies.
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25:14
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25:14
Asia Engulfed in Financial Crisis
In 1997, Thailand’s currency collapsed, setting off a currency contagion that spread across Asia and threatened to take down several economies with it. Thitinan Pongsudhirak, Siwage Dharma Negara, Caroline Atkinson, and Paul Blustein discuss the origins of the crisis and the impact it had on markets across the region.
Echonomics is a narrative podcast that looks at how past economic events in Asia continue to impact U.S. policy today. Join us as we hear how history reverberates onto today’s policy decisions and often repeats itself.
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