US voluntary export restraints of 1957 pushed Japanese production offshore to Hong Kong

Evidence

Bauer does not discuss U.S. protectionist measures against Japan (the “voluntary export restraints” established in 1957), which led Japanese investors to start production in Hong Kong (Bonacich et al. 1994). — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1366

Categorization

• XREF: A concrete case of protectionist trade policy producing industrial relocation — connects to trade-policy and globalization historiography.