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This book, first published in 1982, closely examines the Japanese investment in the industries of its puppet state Manchuria in the years 1930 to 1945. Attention is paid to industrial capital by source and type, facilitating the analysis of the relationship between the different investment components on one hand, and economic and institutional factors on the other. The course of inflation is also traced and its relationship to industrial investment studied. The Manchurian experience throws light on the volume of capital available through inflationary processes, the point up to which inflationary financing can successfully be carried, and the institutional factors necessary to make such a policy effective in increasing real investment.
The Wars for Asia, 1911–1949 shows that the Western treatment of World War II, the Second Sino-Japanese War and the Chinese Civil War as separate events misrepresents their overlapping connections and causes. The Chinese Civil War precipitated a long regional war between China and Japan that went global in 1941 when the Chinese found themselves fighting a civil war within a regional war within an overarching global war. The global war that consumed Western attentions resulted from Japan's peripheral strategy to cut foreign aid to China by attacking Pearl Harbour and Western interests throughout the Pacific in 1941. S. C. M. Paine emphasizes the fears and ambitions of Japan, China and Russia, and the pivotal decisions that set them on a collision course in the 1920s and 1930s. The resulting wars together yielded a viscerally anti-Japanese and unified Communist China, the still-angry rising power of the early twenty-first century.
From being the last country in the world to open its doors to global trade in the 1850s to becoming the second industrialized nation in the 1960s, Japan has experienced impressive economic and social development over the last two centuries. In the last three decades, however, it became entrenched in a long phase of economic stagnation, dropping from second to third place in the global economy, having been overtaken by China in 2010. Inspired by the recent works on the history of capitalism, this history of business shows that the Japanese company was not the product of a unique national culture. Japanese capitalism was largely shaped by a political, economic, and institutional environment, which offered a variety of new opportunities to entrepreneurs, who also played a central role in the process of change. Rural capitalism that formed during the period of national seclusion shifted to industrial capitalism after the opening of the nation to global trade: this form of capitalism was close to those observed in other late industrializing countries, and was characterized by the monopolistic domination of large business groups or zaibatsu during the interwar years. The Second World War saw the emergence of wartime capitalism with the central government as the dominant actor in the economy, and, after 1945, the need to reconstruct the country and catch-up with advanced Western economies gave birth to a new form of capitalism based on a cooperative relationship between business and the state: communitarian capitalism, more broadly known as the Japanese Business System. The liberalization and deregulation brought new changes in the business system, marked by the emergence of financial capitalism in the 1980s and 1990s.
Apr. issue lists studies in progress; Oct. issue, completed studies.
This collection explores the expansion of Japanese multinational firms into Asia, a process which paralleled the region's growth as a major economic region. The contributors discuss a wide range of topics, including the reasons for moving manufacturing to other countries, the flow of tradebetween Japan and these countries, technology transfer within firms, the impact of Japanese management practices in other Asian countries, and competition between Japanese and American firms in Asia.
First Published in 1971. This annotated bibliography of doctoral dissertations on Japan and Korea grew out of a decision to expand and bring up to date an earlier list entitled Unpublished Doctoral Dissertations Relating to Japan, Accepted in the Universities of Australia, Canada, Great Britain, and the United States, 1946-1963, compiled by Peter Cornwall and issued by the Center for Japanese Studies in 1965.