This book is a study of the use of voluntary import expansions to correct trade imbalances, specifically imbalances between the United States and Japan.

This book is a study of the use of voluntary import expansions to correct trade imbalances, specifically imbalances between the United States and Japan.

The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries.

The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries.