Japan's Role in a Changing World Economy

Okita, Saburo

Asian foreign policy, and particularly Japanese foreign policy, is gradually becoming more
proactive. There are four main reasons for this. First, the end of the Cold War has forced
countries to shift from their traditional security concerns to an emphasis on economic relations
and industrial competitiveness. Second, the end of the Cold War bipolarity has led to greater
multi-polarity, and this heightened economic interdependence has resulted in more complex interlinkages
of national economic interests. Third, the tremendous economic growth of Asian
countries is decreasing the economic frictions with America and Europe. And fourth, the sheer
size of the Japanese economy and Japanese assistance programs has forced Japan to become more
aware of its role and influence in the world.

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Occasional Papers, 15
Published Here
February 16, 2011