Comparison Of Trade Rivalries

Comparison of Trade Rivalries

The German-Great Britain trade rivalry like the U.S.-Japan
trade rivalry involved a rising power cutting into the trade of
an already dominant trading power. There were several causes of the
German-Great Britain trade rivalry according to Hoffman. The first was
German's industry's zeal in procuring new contracts and expanding
markets. They did this by fulfilling contracts even if they were very
small and coneztly trying to stay up with market demand. Second,
Germans had a knowledge of languages that the English firms lacked.
Third, German industry was aided by their government. In contrast
Great Britain did not even supply consular assiezce in helping
develop markets in British colonies. Fourth, British trade was hurt by
the conservatism of British manufacturers who were unwilling to
develop new markets or hold onto those it already possessed. These
four factors are just some of the factors that helped German industry
grow and rival that of Great Britain.
These four factors are all very similar to the Japan-U.S.
trade rivalry. Japan like Germany was able to catch up to the U.S.
because the U.S. was large and arrogant and refused to believe it
could face competition from Japan. Like Britain, U.S. industry
believed that they could hold onto markets and would not face
competition. British and U.S. industry were startled by the fast rate
of growth and industrialization that allowed Germany and Japan to
transform...

Comparison Of Trade Rivalries

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