Question
Then Japanese agricultural minister Masami Tanabu on rice imports, which were banned in his country at the time: A country imports something which it is
Then Japanese agricultural minister Masami Tanabu on rice imports, which were banned in
his country at the time: "A country imports something which it is unable to supply by itself. I
prefer not to talk about imports of something which a country is able to produce enough of.
I think that is what trade should be."
What sort of view of trade is this? Would David Richardo have approved of this policy? Who benefits and loses from this Japanese policy? (Note: Japanese consumers were paying several times the world price for rice, their main staple, at the time Tanabu made his remarks.)
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