Japan

11 Pages 2870 Words

of the American and world markets. US TV makers went bankrupt or left the industry, as they could no longer fund research to continue making improved and high quality TVs. They could not compete with the artificially low Japanese TV prices in America and were forbidden to enter the Japanese market to take advantage of the high prices there. Hence, the US makers could not make money. Furthermore, secret deals to spoil US customs, which are illegal under US trade law, were set up by Japanese TV makers and US retailers such as Sears and Montgomery Ward to sell Japanese TVs under store brand names. At the same time, the Japanese mounted an important lobbying effort in Washington to ensure that this scheme was not disrupted by the US government or customs services. As a result, once famous brands such as Sylvania, Quasar, Admiral, Philco and RCA have vanished or are foreign/Japanese owned. Zenith is the only remaining US TV maker today. No US companies make VCRs although they were an American invention (Choate 63). In the 1980's the Japanese applie...