Investing Japan: Foreign Capital, Monetary Standards, and Economic Development, 1859-2011 (Harvard East Asian Monographs)
Simon James Bytheway
Investing Japan demonstrates that foreign investment is a vital and misunderstood aspect of Japan’s modern economic development. The drive to become a modern industrial power from the 1860s to the 1930s necessitated the adoption and internalization of foreign knowledge. This goal could only be achieved by working within the overarching financial and technological frameworks of Western capitalism. Foreign borrowing, supported by the gold standard, was the crux of Japan’s pre-war capital formation. It simultaneously financed domestic industrial development, the conduct of war, and territorial expansion on the Asian continent. Foreign borrowing also financed the establishment of infrastructure in Japan’s largest ... Read more
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About Simon James Bytheway
Reviews for Investing Japan: Foreign Capital, Monetary Standards, and Economic Development, 1859-2011 (Harvard East Asian Monographs)
Jerry Bowyer
Forbes
A major contribution to the literature on Japanese financial and economic history, this work is the first comprehensive study in English of foreign involvement in Japan’s modern economy through both loans and joint ventures. It challenges notions of Japanese economic development as a largely ‘autonomous’ process by highlighting ... Read more