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Economy of japan since world war 2
Economy of japan since world war 2
Economic development of Japan Essay
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During the early 1700's, trade in Japan was often in Osaka. Osaka is a large port city. 10% of all merchants in Osaka worked in the rice exchange. Osaka was located in Dojima. Since the rice market was in Dojima, that’s what the whole rice exchange was called. Items that were traded nationally included pottery, spices, sugar, gold, iron tools, perfume, soy sauce, tofu, candles, pots and pans, silver, and silk. The bakufu (shogun) controlled all foreign trade. The bakufu was the military government of Japan from 1192 through 1868 CE.
Markets were being developed around the country in medieval Japan. The markets were usually near rivers or by crossroads so that the sellers could bring their things to the markets easily. They were also near temples so that military and political people wouldn’t get too involved. Agriculture got better, and that also helped make the economy bigger. The rice that survived drought and disease was better. Better fertilizers allowed there to be more crops, and better irrigation systems helped farmers grow more crops. Also, the spread of money made out of metal made it easier for markets to sell extra things in the marketplaces.
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In 1544 CE they had turned away Japanese attempts to fix the tributary trade. By the middle of the sixteenth century, the Ashikaga shogun, which had accepted official Chinese suzerainty was on its last legs. It was succeeded by a series of three harsh military dictators, Nobunaga, Hideyoshi, and Ieyasu, who created a powerful system of government. Japan became a major silver producer. Rich deposits were discovered in the 1530s. The Chinese market wanted silver, and the gold/silver price ratio was much more favourable to silver in China than in Japan. Because the Chinese would not allow Japanese ships to enter their harbours, the main carriers of Japanese silver to China were Chinese pirates and the
Before the emergence of silver, Chinese society isolated themselves from the global economy. Due to Confucian teachings and heavy voyage expenditures, Chinese officials restricted foreign interaction and trade. Also, being
In the early 1800’s, Japan had blocked off all trade from other countries. Foreign whaling ships could not even reload or repair their ships in Japan territory. This offended many other countries. In 1852, Matthew Perry was sent to Japan to negotiate open trade. Japan felt threatened by the United States, and gave in to their demands. Japan was frightened by their stipulations, and immediately began to reform. They developed a new education system that was similar to America and Europe’s. They also developed a Western style judiciary system.
“By 1870, 90% of Japan’s international trade was controlled by Westerners living in Japan.” (Woods, SW. (2004). Japan an Illustrated History (1st Edition). Hippocrene books pg. 111).
This became the era of the shogun empire and was the beginning of a new duel government in
The top structure of the society includes the Shoguns, Daimyos and Samurais. ‘Shogun’ was the title granted by the Emperor to Japan’s top military commander (Web-japan.org, 2013). Initially Emperors controlled the country but over time Shoguns became more powerful than the Emperor and took over the whole government, the Shogun was generally the real ruler of the country until 1867 when feudalism was abolished (Web-japan.org, 2013). Daimyos were the lords and their roles were to manage and maintain the law, collect taxes and aiding in armed forces for the Shogun (Ask.com, 2013). Samurais were the members of the military class, they were the warriors of traditional Japan. The roles of the Samurais were to protect and serve their daimyos or lords usually in wars (Answers.yahoo.com, 2013).
... be set at fair prices and therefore successful trading. Also, through commercialization, the Japanese were able to expand on their own lives and embellish their lives more.
...ost people lived there in order to supply the samurai and it was how they made their living. Edo boomed into a huge urban center and the merchants became rich, even richer than the samurai. During this boom many samurai became poor and lived in poverty.
1.) As a whole, the entry of the Europeans into the Asian sea trading network had relatively little effect on the entire system. The entry of the Europeans into the network led to the establishment of new trade routes in the Indian Ocean to the southern Atlantic near the Cape of Good Hope. In water, the Europeans were superior militarily, but on land against fortified Asian settlements, the Asians far surpassed the Europeans technologically. The only superior items that the Europeans had were small, fast sea vessels such as caravels, clocks, and weaponry. This situation of inferiority led to the Europeans’ plan of adaptation to the Asian network instead of trying to control it. Although the Europeans had little to offer, the agricultural items introduced such as crops first cultivated in the Americas proved to be very sustainable and led to large amounts of population growth, but the growing numbers eventually led to the spread of epidemic diseases that ultimately ravaged both Asian and European populations.
...e people began to settle in villages the beginning of social class and government were formed to maintain order and a sense of security as a community. Other technological advances were made as well including the making of bronze to form stronger weapons and permanent homes.
63). This not only increased the Japanese people’s nationalism but also their imperialistic journey because of the samurai having military leadership roles; this stressed the importance of their loyalty to society. British roles that already existed in Japan had affected their education— “For a long time, Japanese naval cadets had been sent to Great Britain for training. British experts and officers had worked in Japan in advisory and instructing roles, and most of the Japanese fleet had as built in British yards” in which Japan resulted with multiple strategies for way (Roberts, p. 62 and 212). Another thriving element was Japan’s environment; it provided support through trading with other countries by being a “…semi-developed, diversifying society, with a money economy, large commercial cities and the beginnings of a quasi-capitalist structure in agriculture.” Therefore, they were able to compete and trade not only with Britain but with
...ining power over its subjects. The Tokugawa instead took the wives and children of the shoguns semihostage in Edo to deter powerful families from taking over the Tokugawa. This is the way the Tokugawa handled the problem because they were no outsiders to Japan but they had many enemies within the state. The Tokugawa and Chinese, however, both closely maintained their contact with foreigners, especially in trade. The Chinese established the Canton system which limited the Europeans to trade in only one city and need a guild approval to trade. The Japanese solved this problem of foreign relations through directing all trade traffic to Honshu, a port city under Edo’s direct rule. This was significant because this direction of trade meant the Edo government could collect taxes on the products rather than another daimyo, drawing power and wealth away from rival families.
Therefore, this part tries to cover those issues and seeks to answer how people affected rapid growth of post-war Japan.
The 21st Century has witnessed Asia’s rapid ascent to economic prosperity. As economic gravity shifts from the Western world to the Asian region, the “tyranny of distance [between states, will be] … replaced by the prospects of proximity” in transnational economic, scientific, political, technological, and social develop relationships (Australian Government, 1). Japan and China are the region’s key business exchange partners. Therefore these countries are under obligation to steer the region through the Asian Century by committing to these relationships and as a result create business networks, boost economic performance, and consequently necessitate the adjustment of business processes and resources in order to accommodate each country’s employment relations model (Wiley, Wilkinson, & Young, 2005). Cognizant of the fact that neither Japan nor China has given up on its external (protectionism or parity) adjustment tools, it is posited that they can nonetheless coexist since both “produce different things and in different ways” and as such avoid the cited perilous US and Mexico competition; but due to globalization, the operating environment portends a convergence or divergence of Industrial Relation (ER) strategies between China and Japan (Lipietz, 1997; Zhu & Warner, 2004).
...high power status, Japan had to have a self-reliant industrial common ground and be able to move all human and material resources (S,195). Through the Shogun Revolution of 1868, the abolition of Feudalism in 1871, the activation of the national army in 1873, and the assembly of parliament in 1889, the political system of Japan became westernized (Q,3). Local Labor and commercial assistance from the United States and Europe allowed Japan’s industry to bloom into a developed, modern, industrial nation (Q,3). As a consequence production surplus, and food shortage followed (Q,3). Because of how much it relied on aid of western powers, Japan’s strategic position became especially weak. In an attempt to break off slightly from the aid of the west Japanese leaders believed that it would be essential for Japan to expand beyond its borders to obtain necessary raw materials.
Japan has very significant characteristics in terms of their economic power either in the Asia- Pacific region or around the world. After World War II the Japanese economy was deeply affected by shortages, inflation, and currency devaluation means that Japanese economy was bankrupt position. Therefore, Japan passed under the control of US in the post- Second World War period. From this point, economic transformation or recovery or development has started in Japan with the impacts of US and Japanese governments. Besides this economic aid, US also guided Japan in democratization and demilitarization whereas Japanese government had direct role dealing with those developments different from what happened in Germany at that time. What it means that is Japanese government had played interventionist role into economy. On the other hand, one of the significant reasons of why US needed to help former enemy is the fact that after the WWII was the beginning of the Cold War and Russian presence was in the region. That’s why US made their contribution in order to revive Japan.