Dr. Theresa Greaney specializes in international trade theory and trade policy, with particular research interest in the Japanese and Chinese economies, and US trade and investment relations with these economies. She received her PhD in economics from the University of Michigan, then worked at Syracuse University for several years prior to joining the faculty of the University of Hawaii, where she is an Associate Professor in the Economics Department. She has published numerous articles in journals such as the Journal of International Economics, Canadian Journal of Economics, Journal of the Japanese and International Economies, and Japan and the World Economy.
This project will undertake a theoretical and empirical investigation of the changes in Japan's import behavior since 1973, with particular focus on the 1990s. The strengths of various influences such as exchange rates, the recession, outsourcing, technological change, import promotion policies and deregulation will be examined and quantified across industries, and Japan's experiences will be compared with those of the U.S. Particular emphasis will be placed on influences that are relatively new to the literature on international trade, such as outsourcing and import promotion policies. In addition to the general equilibrium analysis, industry case studies will provide in-depth understanding of the changes that have occurred in selected sectors. The information generated by this research should help to limit the misconceptions that sometimes fuel trade disputes between Japan and the U.S.