Usual interpretations of the Depression stress the disruption in Europe caused by the Versailles Settlement, and the downswing in the United States centred on the Wall Street Crash. This book, however, suggests that the situation in Asia was as important as the situation in Europe or the USA. The book examines the economic experience of Asia and Africa from 1914 to 1939 and looks at the influence of the developed world upon these two continents, showing how events there affected the entire international economy. In particular it suggests that the economic progress of the 1920s caused the depression by creating overproduction of foodstuffs and raw materials. The communications improvements of these years are examined in detail, and the complex problems of the monetary systems of the developing countries are outlined together with the flow of capital to these areas, and its reversal in the 1930s. In the discussion on trade, the disappearance of Britain's surplus with these countries is stressed, as it weakened her international trading balance and contributed to the collapse of the Sterling in 1931. First published in 1981, the book concludes that the overproduction of rice coupled with overproduction of wheat, forced down prices, thus causing the international agricultural depression. In turn, farm incomes fell and demand for industrial goods was destroyed across the world.

There is a tendency to focus on developed nations as the predominant factors in world economics. Yet this key set, containing Latham's volumes first published in 1978 and 1981, reveals the dangers inherent in overlooking the vital roles played by developing nations. Here, the author makes a convincing case that the Great Depression was heavily influenced by the developing nations on the African and Asian continents, and that the economic progress experienced in the 1920's caused an overproduction of foodstuffs and raw materials which tipped the world into a depression.
Available as a set or as individual volumes:
The International Economy and the Undeveloped World, 1865-1914
HB: ISBN: 0-415-39266-7]
The Depression and the Developing World, 1914-1939
HB: ISBN: 0-415-39267-5]
For volume details please visit www.routledge-ny.com.

Economic Historians generally consider the international economy through the lens of the most economically powerful nations. This Western perspective distorts the true picture of how the international economy operates. The International Economy and the Undeveloped World seeks to redress this fundamental bias and argues that Africa and Asia have a dramatic impact on the economies of the wealthier nations. This volume concentrates on the role of developing nations in the 50 years preceding the first world war. These regions, it argues, were instrumental in the evolution of the world economy. Indeed it could not have evolved in the manner that it did without them. Latham points to the fact that the so-called free-trade era was unsustainable without the developing countries, without which Europe and America would have had to make fundamental readjustments. This book was first published in 1978.

Intra-Asian trade is a major theme of recent writing on Asian economic history. From the second half of the nineteenth century, intra-Asian trade flows linked Asia into an integrated economic system, with reciprocal benefits for all participants. But although this was a network from which all gained, there was also considerable inter-Asian competition between Asian producers for these Asian markets, and those of the wider world.
This collection presents captivating 'snap-shots' of trade in specific commodities, alongside chapters comprehensively covering the region. The book covers: China's relative backwardness, Japanese copper exports, Japan's fur trade, Siam's luxury rice trade, Korea, Japanese shipbuilding, the silk trade, the refined sugar trade, competition in the rice trade, the Japanese cotton textile trade to Africa, multilateral settlements in Asia, the cotton textile trade to Britain, and the growth of the palm oil industry in Malaysia and Indonesia. The opening of Asia, especially inJapan and China, liberated the creative forces of the market within the new intra-Asian economy.
This fascinating book fills a particular gap in the literature on intra-Asian trade prior to the twentieth century, and makes a considerable contribution to our knowledge of the Asian trade both prior to, and after, the arrival of colonial states. It will be of particular interest to historians and economists focusing on Asia.

Contents:
Introduction A.J.H. Latham and Heita Kawakatsu
Part I
1. Globalization, factor prices and living standards in Asia before 1940 Jeffrey G. Williamson
Part II
2. Four revolutions in the textile trade of Asia 1814-1994: the impact of Bombay, Osaka, the Little Tigers and China D.A. Farnie
3. Europe, China and Japan: transfer of silk reeling technology in 1860-95 Debin Ma
4. The colonial origins of Korea's market economy Myung Soo Cha
5. South Korea's late industrialization in comparative historical perspective Jaymin Lee
6. Export dynamics in Taiwan and mainland China 1950-2000: a Schumpeterian approach Hans H. Bass
7. Industrialization and institutional change in Hong Kong 1842-1960 David W. Clayton
8. Education and development: the experience of the Four Little Tigers Derek H. Aldcroft
Part III
9. Another monetary economy: the case of traditional China Akinobu Kuroda
10. Money and growth without development: the case of Ming China Dennis O'Flynn and Arturo Giráldez
11. California and Navada minerals in the Pacific Rim 1850-1900 David J. St. Clair
Part IV
12. The transmission of corporate cultures: international Officers in the HSBC group Frank H.H. King
13. Chaos and instability: the Asia Pacific rice trade in the 1990s A.J.H. Latham

Trade across the Pacific will be one of the dominant forces in the economy of the next century. This collection reflects the birth of Pacific Rim history, until recently largely neglected. It addresses the development of the Pacific Rim over four centuries, combining broad historical syntheses with a range of essays on specific topics, from trade with Hong Kong to British overseas banking. It will form a major contribution to this rapidly expanding new field.

eBook available with sample pages: 0203065352

This book is about the introduction of modern power-driven rice milling to the main rice exporting countries of Burma (Myanmar), Siam (Thailand) and French Indo-China (Vietnam) from 1869. Rich in historical and empirical sources, the book draws extensively from the London Rice Brokers’ Association Circular archives, published monthly from 1869 to 2014, as well as numerical data gathered from historic trade and custom reports. It outlines how rice had been exported in the husk to be milled in Britain prior to 1869, after which mills were transferred to Asia and the rice shipped back having been milled. Rice processed in Asia is explained not only as a major saving in transport costs, but the marker of a crucial step in the industrialisation of Asia – namely through the introduction of modern mechanised value adding rice mills powered by steam engines. This is a reversal of the concept that the development of modern technology de-industrialised Asia, turning it into a supplier of raw materials. Later chapters address the inter-war years, when Chinese companies in particular took over the operation of mills and developed an Asia-wide market for rice milled in the great milling centers of Rangoon (Yangon), Bangkok and Saigon (Ho Chi Minh). Rice and Industrialisation in Asia will prove a valuable resource to students and scholars of economic history, postcolonial studies, and Asian studies more broadly.

The diary of Antera Duke is one of the earliest and most extensive surviving documents written by an African residing in coastal West Africa predating the arrival of British missionaries and officials in the mid-19th century. Antera Duke (ca.1735-ca.1809) was a leader and merchant in late eighteenth-century Old Calabar, a cluster of Efik-speaking communities in the Cross River region. He resided in Duke Town, forty miles from the Atlantic Ocean in modern-day southeast Nigeria. His diary, written in trade English from 18 January 1785 to 31 January 1788, is a candid account of daily life in an African community during a period of great historical interest. Written by a major African merchant at the height of Calabar's overseas commerce, it provides valuable information on Old Calabar's economic activity both with other African businessmen and with European ship captains who arrived to trade for slaves, produce and provisions. It is also unique in chronicling the day-to-day social and cultural life of a vibrant African community. Antera Duke's diary is much more than a historical curiosity; it is the voice of a leading African-Atlantic merchant who lived during an age of expanding cross-cultural trade. The book reproduces the original diary of Antera Duke, as transcribed by a Scottish missionary, Arthur W. Wilkie, ca. 1907 and published by OUP in 1956. A new rendering of the diary into standard English appears on facing pages, and the editors have advanced the annotation completed by anthropologist Donald Simmons in 1954 by editing 71 and adding 158 footnotes. The updated reference information incorporates new primary and secondary source material on Old Calabar, and notes where their editorial decisions differ from those made by Wilkie and Simmons. Chapters 1 and 2 detail the eighteenth-century Calabar slave and produce trades, emphasizing how personal relationships between British and Efik merchants formed the nexus of trade at Old Calabar. To build a picture of Old Calabar's regional trading networks, Chapter 3 draws upon information contained in Antera Duke's diary, other contemporary sources, and shipping records from the 1820s. Chapter 4 places information in Antera Duke's diary in the context of eighteenth-century Old Calabar political, social and religious history, charting how Duke Town eclipsed Old Town and Creek Town through military power, lineage strength and commercial acumen.

This book is about the introduction of modern power-driven rice milling to the main rice exporting countries of Burma (Myanmar), Siam (Thailand) and French Indo-China (Vietnam) from 1869. Rich in historical and empirical sources, the book draws extensively from the London Rice Brokers' Association Circular archives, published monthly from 1869 to 2014, as well as numerical data gathered from historic trade and custom reports. It outlines how rice had been exported in the husk to be milled in Britain prior to 1869, after which mills were transferred to Asia and the rice shipped back having been milled. Rice processed in Asia is explained not only as a major saving in transport costs, but the marker of a crucial step in the industrialisation of Asia - namely through the introduction of modern mechanised value adding rice mills powered by steam engines. This is a reversal of the concept that the development of modern technology de-industrialised Asia, turning it into a supplier of raw materials. Later chapters address the inter-war years, when Chinese companies in particular took over the operation of mills and developed an Asia-wide market for rice milled in the great milling centers of Rangoon (Yangon), Bangkok and Saigon (Ho Chi Minh). Rice and Industrialisation in Asia will prove a valuable resource to students and scholars of economic history, postcolonial studies, and Asian studies more broadly.

This collection of essays sheds new light on many aspects of Asia's integration with the international economy. H.I.H. Crown Prince Naruhito discusses the problems of controlling water in the interest of urban development. He first examines the problems encountered on the River Thames in relationship to the growth of London in the eighteenth century, and then relates his findings to Japan where similar problems arose with respect to the expansion of Edo (Tokyo). Other chapters looking at the eighteenth century examine the development of plant collecting in Asia and the wider world in the interest of the economy and leisure, Japan's connections with the outside world by way of the Dutch East India Company (VOC), and the Dutch acquisition of the knowledge of the Japanese language at their base at Dejima Island, Nagasaki. India features next with a chapter showing how India was crucial in initiating the industrial revolution in Britain, by stimulating British manufacturers to copy the fine textiles made by hand loom weavers there. This is followed by a chapter showing how in the late nineteenth century India was the central pivot in the entire international economic system, based on its trading surplus with China. Other discussions trace the role of Scotland as a centre of heavy industry and shipbuilding, with Scottish companies dominating the shipping lanes of Asia. A further chapter shows how British connections with Asia, in this case Shanghai, brought problems of debt and non payment, and outlines the steps taken to try to control the situation. Elsewhere problems arose in Bangkok over the quality of rice being supplied to European merchants in the 1920s, leading to a decline in sales. Finally there is a discussion of Japanese commercial policy towards Africa in the inter-war period. This book will be of interest and use to students, researchers, and general readers interested in Asia's role in world economic development.

Starting with the 16th century trade of Latin American silver and Chinese silk, leading researchers trace the economic, environmental and social history of the Pacific region. Chapters examine the trade of diverse commodities within the Pacific and analyse the ecological and social impacts of this increasing economic activity. The strong Chinese marketplace emerges as crucial to early Pacific development, and is compared with Japan's central role in the region's modern economy.

Economic Historians generally consider the international economy through the lens of the most economically powerful nations. This Western perspective distorts the true picture of how the international economy operates. The International Economy and the Undeveloped World seeks to redress this fundamental bias and argues that Africa and Asia have a dramatic impact on the economies of the wealthier nations. This volume concentrates on the role of developing nations in the 50 years preceding the first world war. These regions, it argues, were instrumental in the evolution of the world economy. Indeed it could not have evolved in the manner that it did without them. Latham points to the fact that the so-called free-trade era was unsustainable without the developing countries, without which Europe and America would have had to make fundamental readjustments. This book was first published in 1978.

Usual interpretations of the Depression stress the disruption in Europe caused by the Versailles Settlement, and the downswing in the United States centred on the Wall Street Crash. This book, however, suggests that the situation in Asia was as important as the situation in Europe or the USA. The book examines the economic experience of Asia and Africa from 1914 to 1939 and looks at the influence of the developed world upon these two continents, showing how events there affected the entire international economy. In particular it suggests that the economic progress of the 1920s caused the depression by creating overproduction of foodstuffs and raw materials. The communications improvements of these years are examined in detail, and the complex problems of the monetary systems of the developing countries are outlined together with the flow of capital to these areas, and its reversal in the 1930s. In the discussion on trade, the disappearance of Britain's surplus with these countries is stressed, as it weakened her international trading balance and contributed to the collapse of the Sterling in 1931. First published in 1981, the book concludes that the overproduction of rice coupled with overproduction of wheat, forced down prices, thus causing the international agricultural depression. In turn, farm incomes fell and demand for industrial goods was destroyed across the world.

This book is the fifth volume of essays edited by A. J. H Latham and Heita Kawakatsu from the International Economic History Congresses looking at the development of the Asian Economy. Bringing together leading scholars from both the east and west, this book offers fascinating insights into the cotton trade, the rice, wheat and shipping industries and the development of trade and finance in East Asia.

Intra-Asian trade is a major theme of recent writing on Asian economic history. From the second half of the nineteenth century, intra-Asian trade flows linked Asia into an integrated economic system, with reciprocal benefits for all participants. But although this was a network from which all gained, there was also considerable inter-Asian competition between Asian producers for these Asian markets, and those of the wider world.
This collection presents captivating snap-shots of trade in specific commodities, alongside chapters comprehensively covering the region. The book covers: China's relative backwardness, Japanese copper exports, Japan's fur trade, Siam's luxury rice trade, Korea, Japanese shipbuilding, the silk trade, the refined sugar trade, competition in the rice trade, the Japanese cotton textile trade to Africa, multilateral settlements in Asia, the cotton textile trade to Britain, and the growth of the palm oil industry in Malaysia and Indonesia. The opening of Asia, especially in Japan and China, liberated the creative forces of the market within the new intra-Asian economy.
Filling a particular gap in the literature on intra-Asian trade prior to the twentieth century, this is an insightful study that makes a considerable contribution to our knowledge of the Asian trade both prior to, and after, the arrival of colonial states. It will be of great interest to historians and economists focusing on Asia.

Rice: The Primary Commodity de-mystifies the trade, outlines its workings and the problems which confront it.
A.J. Latham outlines the history and cultivation of rice, and the research programmes which have done so much to revolutionise its production in recent years. Including case studies of the rice markets in India, Pakistan, Malaysia, Indonesia, Japan, Brazil, the USA and many other countries, this book gives an up-to-date and comprehensive view of the unpredictable and rapidly changing world market in rice.

Trade across the Pacific will be one of the dominant forces in the economy of the next century. This collection reflects the birth of Pacific Rim history, until recently largely neglected. It addresses the development of the Pacific Rim over four centuries, combining broad historical syntheses with a range of essays on specific topics, from trade with Hong Kong to British overseas banking. It will form a major contribution to this rapidly expanding new field.

First Published in 2004. Routledge is an imprint of Taylor & Francis, an informa company.

Under the impressive editorship of A.J.H. Latham and comprising high quality essays on a topic of rising interest to scholars and policymakers, this volume makes some valuable contributions to regional and global dynamics of trade.

With contributions from leading names in the field of economic history - such as D.A. Farnie - this book will be useful reading for scholars interested in global economic history, globalization and regional trade, and Asian studies.

First published in 1986. The free market is often associated with liberty and individualism, and this connection has been made for more centuries than is generally realised. This essays collected in this book trace the development, importance and influence of the market as a dominating component of the shared human life from classical antiquity to the present. The authors, from various backgrounds, keep constantly in view the moral and political questions raised by the role of markets, as well as laying out succinctly what can be known or deduced about the actual operation of the market in Western and other cultures. This book will be of interest to students of economics and history.

This book is the fifth volume of essays edited by A. J. H Latham and Heita Kawakatsu from the International Economic History Congresses looking at the development of the Asian Economy. Bringing together leading scholars from both the east and west, this book offers fascinating insights into the cotton trade, the rice, wheat and shipping industries and the development of trade and finance in East Asia.

The increasing importance of the Pacific and Pacific Rim within the global economy places us on the brink of a Pacific Century. While many hold that the concept of a Pacific region has only emerged in the 20th century, this work demonstrates that such an economic region has existed for almost five hundred years. Starting with the 16th-century trade of Latin American silver for Chinese silk, researchers trace the economic, environmental and social history of the Pacific region. Chapters examine the trade of diverse commodities within the Pacific and analyze the ecological and social impacts of this increasing economic activity. The strong Chinese marketplace emerges as crucial to early Pacific development, and is compared with Japan's central role in the region's modern economy. This book contributes to the understanding of a dynamic economic region. The study also advances research into the economic histories of South and South East Asia, Australia and America, situating them within the wider Pacific context.

First published in 1986. The free market is often associated with liberty and individualism, and this connection has been made for more centuries than is generally realised. This essays collected in this book trace the development, importance and influence of the market as a dominating component of the shared human life from classical antiquity to the present. The authors, from various backgrounds, keep constantly in view the moral and political questions raised by the role of markets, as well as laying out succinctly what can be known or deduced about the actual operation of the market in Western and other cultures. This book will be of interest to students of economics and history.

In his diary, Antera Duke (ca.1735-ca.1809) wrote the only surviving eyewitness account of the slave trade by an African merchant. A leader in late eighteenth-century Old Calabar, a cluster of Efik-speaking communities in the Cross River region, he resided in Duke Town, forty-five miles from the Atlantic Ocean in what is now southeast Nigeria. His diary, written in trade English from 1785 to 1788, is a candid account of daily life in an African community at the height of Calabar's overseas commerce. It provides valuable information on Old Calabar's economic activity both with other African businessmen and with European ship captains who arrived to trade for slaves, produce, and provisions.
This new edition of Antera's diary, the first in fifty years, draws on the latest scholarship to place the diary in its historical context. Introductory essays set the stage for the Old Calabar of Antera Duke's lifetime, explore the range of trades, from slaves to produce, in which he rose to prominence, and follow Antera on trading missions across an extensive commercial hinterland. The essays trace the settlement and development of the towns that comprised Old Calabar and survey the community's social and political structure, rivalries among families, sacrifices of slaves, and witchcraft ordeals. This edition reproduces Antera's original trade-English diary with a translation into standard English on facing pages, along with extensive annotation. The editors draw on Antera's first language, Efik, to illuminate his diary. The Diary of Antera Duke furnishes a uniquely valuable source for the history of precolonial Nigeria and the Atlantic slave trade, and this new edition enriches our understanding of it.

Under the impressive editorship of A.J.H. Latham and comprising high quality essays on a topic of rising interest to scholars and policymakers, this volume makes some valuable contributions to regional and global dynamics of trade.

With contributions from leading names in the field of economic history - such as D.A. Farnie - this book will be useful reading for scholars interested in global economic history, globalization and regional trade, and Asian studies.