STEPHEN D. COHEN is Professor of International Relations at The American University's School of International Service in Washington, D.C., specializing in international trade and financial policies. Prior to joining the faculty in 1975, he served as a staff member for the White House-Congressional Commission on the Organization of the Government for the Conduct of Foreign Policy. Previously, he had been an international economist at the U.S. Treasury Department and served as the Chief Economist of the U.S.-Japan Trade Council from 1969 to 1973. He was a Visiting Scholar at the London School of Economics for the 1981-1982 academic year. Among Dr. Cohen's books are International Monetary Reform 1964-1969, The Political Dimension, Uneasy Partnership: Competition and Conflict in U.S.-Japanese Relations and Cowboys and Samurai: Why the United States Is Losing the Battle with the Japanese, and Why it Matters.