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Japan, China, and the Growth of the Asian International Economy, 1850-1949 (Hardcover, New)
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Japan, China, and the Growth of the Asian International Economy, 1850-1949 (Hardcover, New)
Series: Japanese Studies in Economic and Social History, 1
Expected to ship within 12 - 17 working days
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Modern Asian economic history has often been written in terms of
Western impact and Asia's response to it. This volume argues that
the growth of intra-regional trade, migration, and capital and
money flows was a crucial factor that determined the course of East
Asian economic development. Twelve chapters are organized around
three main themes. First, economic interactions between Japan and
China were important in shaping the pattern of regional
industrialization. Neither Japan nor China imported technology and
organizations, and attempted to "catch up" with the West alone.
Japan's industrialization took place, taking advantage of the
Chinese merchant networks in Asia, while the Chinese competition
was a critical factor in the Japanese technological and
organizational "upgrading" in the interwar period. Second, the
pattern of China's integration into the international economy was
shaped by the growth of intra-Asian trade, migration, and capital
flows and remittances. While the Western impact was largely
confined to the littoral region of China, intra-Asian trade was
more directly connected with China's internal market. Both the fall
of the imperial monetary system and the rise of economic
nationalism in the early twentieth century reflected increasing
contacts with the Asian international economy. Third, a study of
intra-Asian trade and migration helps us understand the nature of
colonialism and the international climate of imperialism. In spite
of the adverse political environment, East Asian merchant and
migration networks exploited economic opportunities, taking
advantage of colonial institutional arrangements and even political
conflicts. They made a contribution to national and regional
economic development in the politically more favourable environment
after the Second World War, by providing the valuable expertise and
entrepreneurship they had accumulated prewar. The character of the
international order of Asia, governed by Western powers, especially
Britain, but shared also by Japan for most of the period, was
"imperialism of free trade", although it eventually collapsed by
the late 1930s.
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