Modern Economic Development In Japan And China

The contributors provide a comparative analysis of the modern economic development of Japan and China that are often explained in frameworks of East Asian developmentalism, varies of capitalism or world economic system, and explore their broader significances for the rise and global expansion of modern economy.

First published in 2005. Some of the most important of the world's problems today concern affairs in Asia, and the relations between Asia and the West. To deal adequately with these problems it is necessary not only to master their more obvious elements as they present themselves today, but to go to their historical roots. In particular it is necessary to study the economic history of modern Asian society. In London the School of Oriental and African Studies, with the generous assistance of the Ford Foundation, began in 1959 a research programme on the economic history of East and South-East Asia. As part of this programme an international study group, composed of scholars from America, Europe and Asia, was held at the School in July 1961. This volume contains a selection of the papers presented to the study group.

A free ebook version of this title is available through Luminos, University of California Press’s Open Access publishing program. Visit www.luminosoa.org to learn more. Scholarly discussions on economic development in history, specifically those linked to industrialization or modern economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able to augment people’s welfare. The role of specific nonmarket practices for promoting the economic development and welfare has been a distinct concern, typically involving discussion of the state’s economic policies. How have societies tackled those issues that the market did not? To what extent did those solutions reflect the structure of an economy? Public Goods Provision in the Early Modern Economy explores these questions by investigating efforts made for the provision of "public goods" in early modern economies from the perspective of Japanese socioeconomic history during Tokugawa era (1603–1868), and by comparing those cases with others from Europe and China’s economic history. The contributors focus on three areas of inquiry—early modern era welfare policies for the poor, infrastructure, and forest management—to provide both a unique perspective on Japanese public finance at local levels and a vantage point outside of Europe to encourage a more global view of early modern political economies that shaped subsequent modern transformations.

This book explores economic development in East Asia between 1870 and 1953 in terms of escaping or succumbing to four interrelated traps: demographic; political; economic; and cultural. Demographic traps include Malthusian traps and poor health and longevity (measured by anthropometric indicators and life expectancy). Political traps include both domestic traps — corruption, internal conflict — and external traps, namely geopolitical traps involving foreign powers. Economic traps include poor infrastructure (banks, harbors, roads, railroads, steam shipping, hydroelectric power) or raw materials, or glaring regional variation in per capita income – all significant barriers to industrialization. Cultural traps include restrictions on “permissible knowledge”, and linguistic barriers to the culture of discourse in science and engineering which restrained the absorbing and diffusion of knowledge from foreign sources. Using Japan and China as examples, this book demonstrates how the four types of traps dynamically interact with one another, and how one of the two countries — Japan — was able to escape from the traps earlier than the other country, China. The book also explores the implications of the argument for post-1950 economic development in East Asia.

As the first volume of the two-volume Industrial Development in Modern China: Comparisons with Japan that studies the different paths of industrialization and economic modernization between China and Japan, this book analyzes the relationship between technological innovation and economic development in Japan before World War II. The author deploys econometric analysis, multivariate statistical analysis and case studies from different industries to shed light on technological innovation in the Japanese context with particular emphasis on the importance of the patent system. A great deal of new inventions and patents in this period led to fast economic growth in Japan characterized by the simultaneous development of both traditional and modern industries. These insights help reshape the understanding of Japan's economic development and industrial advancement at an early stage and provide pointers to developing countries as to how human capital, social capabilities and thereby technological innovation can figure in economic growth. This volume will appeal to academics of the East Asian economy, development economics and modern economic history as well as general readers interested in the miracle of the Japanese economy as the first to achieve economic development and modernization among non-Western countries.