An illustration of the cost and employment effects of Japanese voluntary export restraints on new-car imports to the U.S.

A commentary on free trade and the auto industry, with a discussion of the growth of Japanese auto imports, the cost and effect of import restrictions, and the probable effects of proposed domestic content legislation.

A discussion of the price and quantity effects on the U.S. consumer of the Japanese auto industry's voluntary export restraint program.

A discussion of the movement of Japanese auto production facilities to the United States, with emphasis on conditions in the Fourth Federal Reserve District and on growth of the just-in-time inventory supply process.