By Stephen G. Bunker
After global battle II, Japan reinvented itself as a shipbuilding powerhouse and started its swift ascent within the international financial system. Its enlargement procedure built-in uncooked fabric procurement, the remodel of worldwide transportation infrastructure, and family industrialization. during this authoritative and fascinating examine, Stephen G. Bunker and Paul S. Ciccantell determine the foremost elements in Japan's financial development and the results this progress had at the reorganization of vital sectors of the worldwide economic system. Bunker and Ciccantell talk about what drove Japan's monetary growth, how Japan globalized the paintings economic climate to help it, and why this impressive development got here to a dramatic halt within the Nineties. Drawing on reviews of ore mining, metal making, company region reorganization, and port/rail improvement, they supply worthwhile perception into technical techniques in addition to particular styles of company funding. East Asia and the worldwide economic system introduces a thought of "new ancient materialism" that explains the luck of Japan and different international commercial powers. right here, the authors assert that the development of Japan's ascent is key for realizing China's fresh direction of monetary development and dominance and watching for what the longer term may possibly carry. (Fall 2008)
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Additional resources for East Asia and the Global Economy: Japan's Ascent, with Implications for China's Future (Johns Hopkins Studies in Globalization)
S. support to establish a new Japanese model of raw materials access that did not require the costs of and the resistance to empire sharply diﬀerentiated the era following World War II from the period between 1930 and 1945. The earlier eras created key elements of Japan’s postwar domestic political economy, but in the external arena, the Japanese state learned from earlier periods that imperialism had failed and that the United States and the resistance of neighboring nations foreclosed this strategy.
The linkages from these generative sectors spread throughout the ascendant economy, supplying direct inputs for other industries at lower cost, providing infrastructure available for use by other industries and consumers, serving as proﬁt centers, generating capital for investment in existing and new industries, providing markets for other industries, stimulating the development of capital markets that are then available to other industry sectors, and shaping the general pattern of relations between ﬁrms and the state.
Receive much less attention in the literature. The foreclosure of the imperial model of raw materials access by defeat in World War II (Barnhart 1987; Borden 1984; Marshall 1995; McDougall 1993) made a new model necessary after the war. The most important analyses of these questions focus on the so-called ABC raw materials access strategy of depending mainly on Australia, Brazil, and Canada for raw materials since World War II (Akao 1983; Anderson 1987; Graham, Thorpe, and Hogan 1999; Katada 2002a, 2002b; Koerner 1993; McMahon and Harris 1983; Ozawa 1979, 1986; Panda 1982; Swan, Thorpe, and Hogan 1999; Vernon 1983).