Emerging trade blocs in North America and the European Community are transforming the global economy and Japan's place in it. Will trade blocs be trade diverting or create new opportunities for Japanese trade and investment? Will a new Asian-Pacific trade bloc emerge in response to this new challenge? How will the collapse of the Soviet empire and the emergence of China as an economic power affect Japan's approach to trade blocs in its two most lucrative markets?

List of Tables - Foreword; J.Radvanyi - Preface - Acknowledgements - Notes on the Contributors - The North American Free Trade Agreement and the Single European Act; K.M.Holland - The Canada-US Free Trade Agreement: Implications for the Global Trading Regime; W.Dymond - 'Europe 1992' and Japan's Relations with Western Europe; J.R.McIntyre - The Impact of 'Europe 1992' on Japan's Relations with Europe: A German View; K.W.Grewlich - 'Europe 1992' and Japan: A British Perspective; F.Cassell - Trade Blocs and the Prospects for Japan's Relations with Eastern Europe; A.M.Turay - Trade Blocs and the Prospects for Japan's Relations with Russia; G.B.Smith - Prospects for an Asian Trade Bloc: Japan, ASEAN, and the Asian NIEs; S.Fukai - A Japanese Perspective on the Pacific Rim in the 1990s; N.Matsunaga - The Impact of Trade Blocs on the Future of Japan's Relations with China; T.D.Mason - Can Japan Lead in the International System; K.B.Pyle - Bibliography - Index