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This is an easy-to-read book that explains how and why Japan industrialized rapidly. It traces historical development from the feudal Edo period to high income and technology in the current period. Catch-up industrialization is analyzed from a broad perspective including social, economic and political aspects. Historical data, research and contesting arguments are amply supplied. Japan’s unique experience is contrasted with the practices of today’s developing countries. Negative aspects such as social ills, policy failures, military movements and war years are also covered. Nineteenth-century Japan already had a happy combination of strong entrepreneurship and relatively wise government,...
The most significant debate in global economic history over the past twenty years has dealt with the Great Divergence, the economic gap between different parts of the world. Thus far, this debate has focused on China, India and north-western Europe, particularly Great Britain. This book shifts the focus to ask how Japan became the only non-western county that managed, at least partially, to modernize its economy and start to industrialize in the 19th century. Using a range of empirical data, Peer Vries analyses the role of the state in Japan's economic growth from the Meiji Restoration to World War II, and asks whether Japan's economic success can be attributed to the rise of state power. Asserting that the state's involvement was fundamental in Japan's economic 'catching up', he demonstrates how this was built on legacies from the previous Tokugawa period. In this book, Vries deepens our understanding of the Great Divergence in global history by re-examining how Japan developed and modernized against the odds.
This comprehensive work surveys the historical events and developments in Japan's polity, economy, society and culture.
In this book Peer Vries is the first scholar to provide an extensive test of the claim that industrialization in East Asia, in particular in Japan between the Meiji Restoration and World War Two, would have been much more labour intensive than industrialization in the West. He does this by systematically comparing the role and importance of labour and capital in Japan and in a number of Western countries at a similar stage of their industrial development. He uses macro-economic data as well as specific observations by people at the time. It turns out that there is no reason to distinguish a specific labour-intensive Japanese route of industrialization. His comparative analysis provides us with a better understanding of the logic of industrialization in both West and East.
The Interwar World collects an international group of over 50 contributors to discuss, analyze, and interpret this crucial period in twentieth-century history. A comprehensive understanding of the interwar era has been limited by Euro-American approaches and strict adherence to the temporal limits of the world wars. The volume’s contributors challenge the era’s accepted temporal and geographic framings by privileging global processes and interactions. Each contribution takes a global, thematic approach, integrating world regions into a shared narrative. Three central questions frame the chapters. First, when was the interwar? Viewed globally, the years 1918 and 1939 are arbitrary limits,...
Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable. In Global Imbalances and the Lessons of Bretton Woods, Barry Eichengreen takes issue with the argument that today's international financial system is largely analogous to the Bretton Woods System of the period 1958 to 1973. Then, as now, it has been argued, the United States ran balance of payment deficits, provided international reserves to other countries, and acted as export market of last resort for the rest of the world. Then, as now, the story continues, other countrie...
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