Abstract

Throughout the first half of the twentieth century, the United States lacked substantial business interests in China, the British and the Japanese being the two main forces dominating trade and investment. The United States was, as evidenced by its ‘Open Door’ policy, content mainly with ensuring its access to the Chinese market. US businessmen saw a much more important trading partner in Japan and regarded the Japanese invasion of China as a great opportunity to expand US trade with Japan. Only after the Japanese march into Southeast Asia threatened the supply of raw materials to the United States did American businessmen change their tune.KeywordsEuropean UnionForeign Direct InvestmentForeign FirmIntellectual Property RightTrade DeficitThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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