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Japan’s Development Trajectory

Japan’s Development Trajectory. Sara Hsu. Development Influences. Japan’s geography Followed Western nations in industrialization Population (see map) Industrialization (see map). Political-Economic History. Tokugawa through Meiji Closing off to trade after encounter with Westerners

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Japan’s Development Trajectory

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  1. Japan’s Development Trajectory Sara Hsu

  2. Development Influences Japan’s geography Followed Western nations in industrialization Population (see map) Industrialization (see map)

  3. Political-Economic History • Tokugawa through Meiji • Closing off to trade after encounter with Westerners • Government decline • Meiji Restoration • Tax revenue • Government enterprises

  4. Political-Economic History • Meiji • Technological know-how • Infrastructure • Monetary and fiscal systems • Textile and shipping • Agriculture • Compulsory education

  5. Political-Economic History • WWI to WWII • Heavy industry • WWI and exports • Post WWI lag • Ministry of Agriculture and Commerce • Ministry of Commerce and Industry • Japanese invasion of China

  6. Political-Economic History • Post-WWII to Korean War • Post-WWII occupation by Allies • Rural and urban restructuring • Dodge Plan • “Rationalization” • Booming economy with Korean War

  7. Political-Economic History Post-Korean War to Eighties Post-Korean War slump Increase in domestic demand Import liberalization Second agricultural revolution Booming in sixties and seventies Financial economy in eighties

  8. Industrialization Industrial power grew between 1881 and 1937 Accompanied by increase in capital stock and horsepower Started with textile industry Located from Tokyo through Nagoya and Osaka, to Fukuoka in the northern part of Kyushu

  9. Technological Progress At the end of the nineteenth century, inventions such as scientific measuring instruments, armaments, textiles and food industry inventions were created. After World War II, additional technology was transferred to Japan from the West.

  10. Data and Patterns of Growth

  11. Number of Corporations by Industry

  12. Railway Passengers Transported (in millions)

  13. Contracts for Electric Light and Power (1000)

  14. Bottom Line Japan focused on industrialization and improvement of innovation during the Meiji period Japan focused on light industry and then textile industry Post-WWII decline was countered by pro-reindustrialization policies

  15. Did You Know? Zaibatsu refer to large, family-controlled banking and industrial conglomerates in Japan The four largest zaibatsu before WWII were: Mitsui, Mitsubishi, Sumitomo, Yasuda

  16. Fin Questions?

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