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The risks of economic diplomacy.

Publication: Manufacturing & Technology News
Publication Date: 28-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
American presidents have repeatedly traded away significant parts of the U.S. economy for political and foreign policy purposes.

During the Reagan era, for instance, Japanese Prime Minister Yasuhiro Nakasone cultivated a special relationship with the American President that became so close that insiders quietly celebrated it as the "Ron-Yasu" connection. Repeatedly, Yasu asked his friend Ron for economic...

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