%0 Journal Article
%T THE VOLUNTARY EXPORT RESTRAINT (VER) AGREEMENT WITH JAPAN ON AUTOMOBILES IN THE 1980S
%A Carl H. Tong
%A Allen L. Bures
%J Essays in Economic & Business History
%D 2003
%I The Economic & Business History Society
%X Detroit went through a turbulent period during the I 970s and suffered tremendous financial losses in 1980. The governments of the United States and Japan worked out a VER agreement in 1981 to help Detroit get back on its feet. This article investigates the U.S. motor vehicle industry¡¯s problem in the early 1980s, examines supporting and opposing views on the VER agreement, reports how the VER agreement played out, and offers comments and suggestions.
%U http://www.ebhsoc.org/journal/index.php/journal/article/view/97