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Seminar paper from the year 2002 in the subject Business economics - Economic and Social History, grade: 1,3, Johannes Gutenberg University Mainz (Economics), language: English, abstract: Japan with its 126.8 million inhabitants is the unique example of a Non- Western economy achieving an equal standard of living with other Western countries. On top of that, the Japanese economy is the second largest in the world. The Gross Domestic Product (GDP) Japans has been $ 4.7 trillions in the year 2000. This makes Japans economy about 2.5 times larger than the German one measured in Dollars.1 In the light of Japans extraordinary role in world economics, it would be very interesting to look at the background of Japans historical development of economics. Unfortunately there is non or little knowledge in Germany about this. The picture, we have here, is often influenced by clichés such as the Japanese imperialism, the pervasive government bureaucracy and the impressing Japanese economic growth. However, the economy in Japan is no longer growing. There are structural problems. We have to ask the question how the ́Japanese Model ́ can go on. I will therefore give an overview about the Japanese economy and its possibilities in the future. The start of modern economic growth in the 1870s is closely connected with the opening Japans to the rest of the world. To understand this development, we have to take a closer look at the economic history before 1854. Thus, my starting point of the historic development is the so-called Tokugawa period. After that, I will talk about the different phases of the Japanese economic history up to this date. Out of the sheer volume of the single phases, we can only consider the most important events, and determining factors of any one development. After we have viewed the historical phases, we will introduce the perspectives of the Japanese economy. We will on one hand look at the future development within Japan and on the other hand at the economic possibilities internationally. 1 World Bank (2001)
Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain's path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment, and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
This book by a leading authority on Anglo-Japanese relations reconsiders the circumstances which led to the unlikely alliance of 1902 to 1922 between Britain, the leading world power of the day and Japan, an Asian, non-European nation which had only recently emerged from self-imposed isolation. Based on extensive original research the book goes beyond existing accounts which concentrate on high politics, strategy and simple assertions about the two countries’ similarities as island empires. It brings into the picture cultural factors, particularly the ways in which Japan was portrayed in Britain, and ambivalent British attitudes to race and supposed European superiority which were overcome but remained difficulties. It charts how the relationship developed as events unfolded, including Japan’s wars against China and Russia, and in addition looks at royal diplomacy, where the Japanese Court came eventually to be treated as a respected equal. Overall, the book provides a major reassessment of this important subject.
Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].
This 2003 book offers a distinctive overview of the internal and external pressures responsible for the emergence of modern Japan.
This book proposes a new, pragmatic way of approaching economic development which features policy learning based on a comparison of international best policy practices. While the important role of government in promoting private sector development is being recognized, policy discussion often remains general without details as to what exactly to do and how to avoid common pitfalls. This book fills the gap by showing concrete policy contents, procedures, and organizations adopted in high-performing East Asian economies. Natural resources and foreign aid and investment can take a country to a certain income level, but growth stalls when given advantages are exhausted. Economies will be caught in middle income traps if growth impetus is not internally generated. Meanwhile, countries that have soared to high income introduced mindset, policies, and institutions that encouraged, or even forced, accumulation of human capital – skills, technology, and knowledge. How this can be done systematically is the main topic of policy learning. However, government should not randomly adopt what Singapore or Taiwan did in the past. A continued march to prosperity is possible only when policy makers acquire capability to formulate policy suitable for local context after studying a number of international experiences. Developing countries wanting to adopt effective industrial strategies but not knowing where to start will benefit greatly by the ideas and hands-on examples presented by the author. Students of development economics will find a new methodological perspective which can supplement the ongoing industrial policy debate. The book also gives an excellent account of national pride and pragmatism exhibited by officials in East Asia who produced remarkable economic growth, as well as serious effort by an African country to emulate this miracle. The Open Access version of this book, available at http://www.taylorfrancis.com/doi/view/10.4324/9780203085530 has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
"This two-volume collection, supported by an in-depth introduction that addresses origins, actuality, endgame and afterlife, brings together for the first time contemporary documentation and more recent scholarship to give a broad picture of Japan's Treaty Ports and their inhabitants at work and play in the second half of the nineteenth century."--Publisher description.
The crises--and failures--of modernization in Japan, as seen up close by a resident expert Japan is a nation in crisis, and the crisis goes far beyond its well-known economic plight. In Dogs and Demons, Alex Kerr chronicles the crisis on a broad scale, from the failure of Japan's banks and pension funds to the decline of its once magnificent modern cinema. The book takes up for the first time in the Western press subjects such as the nation's endangered environment--its seashores lined with concrete, its roads leading to nowhere in the mountains. It describes Japan's "monument frenzy," the destruction of old cities such as Kyoto and construction of drab new cities, and the attendant collapse of the tourist industry. All these unhealthy developments are, Kerr argues, the devastating boomerang effect of an educational and bureaucratic system designed to produce manufactured goods--and little else. A mere upturn in economic growth will not quickly remedy these severe internal problems, which Kerr calls a "failure of modernism." He assails the foreign experts who, often dependent on Japanese government and business support, fail to address these issues. Meanwhile, what of the Japanese people themselves? Kerr, a resident of Japan for thirty-five years, writes of them with humor and passion, for "passion," he says, "is part of the story. Millions of Japanese feel as heartbroken at what is going on as I do. My Japanese friends tell me, 'Please write this--for us.'"
Institutional and technological change is a highly topical subject. At the theoretical level, there is much debate in the field of institutional economics about the role of technological change in endogenous growth theory. At a practical policy level, arguments rage about how Japan and the Japanese economy should plan for the future. In this book, leading economists and economic historians of Japan examine a range of key issues concerning institutional and technological change in Japan, rigorously using discipline-based tools of analysis, and drawing important conclusions as to how the process of change in these areas actually works. In applying these ideas to Japan, the writers in this volume are focusing on an issue which is currently being much debated in the country itself, and are helping our understanding of the world’s second-largest economy.
The main emphasis of this book is upon political, social and economic developments, as conditioned by Japan's interaction with the outside world, the advance of industrialisation and the emergence of the Japanese nation state. Unlike previous textbooks on the history of modern Japan, Janet Hunter's book adopts a thematic approach which makes the period much more accessible for readers who wish to pursue their particular interests throughout the period. Moreover, it will also establish a greater awareness of the cultural and institutional continuities which are crucial to any proper understanding of modern Japan.