BPEA | 1993: Microeconomics 1

Semiconductor Dependency and Strategic Trade Policy

Microeconomics 1, 1993

IN JULY OF 1991, the U.S. government formally concluded negotiation
of a new Semiconductor Trade Arrangement (STA) with Japan and set
out a framework for trade and investment in microelectronics between
the two nations for the next five years. That agreement, which replaced
a pathbreaking 1986 pact, continued a controversial experiment in trade