China's Economic Rise: Lessons from Japan's Political Economy

This book examines the economic and political rise of China from the perspective of Japan's economic development, drawing parallels between the two countries' challenges and opportunities. It will be of interest to researchers and students in Political Economy, Economic History, Economic Transition, and Development Economics.

Format: Paperback / softback
Length: 312 pages
Publication date: 30 August 2021
Publisher: Springer Nature Switzerland AG

The book examines the economic and political rise of China from the perspective of Japan's economic development, tracing the evolution of Japan's economy from its statehood in the Kamakura Period (1185 to 1333) to 2018. It draws parallels between the economic development of China and Japan, highlighting the challenges Japan faced in the first decades of the 20th century, such as nationalism, militarism, income disparities, social deprivation, and economic crisis.

Chinas Economic Rise: Lessons from Japans Political Economy aims to explore the potential economic and political upheavals that could accompany the slowing of the Chinese economy. The book will be of interest to researchers and students in Political Economy, Economic History, Economic Transition, and Development Economics. It supplements the author's previous publications, including Chinas Lessons for India: Volume 1 – The Political Economy of Development, Chinas Lessons for India: Volume 2 – The Political Economy of Change, and The Rise of Empires: The Political Economy of Innovation.

The book begins by examining Japan's rise to statehood in the Kamakura Period and its subsequent economic development. It highlights the factors that contributed to Japan's economic success, such as its strong industrial base, technological innovation, and export-oriented policies. The book then compares these factors to the economic development of China, noting the similarities and differences between the two countries.

One of the key themes of the book is the impact of nationalism on economic development. Japan experienced a period of rapid economic growth in the early 20th century, driven by a sense of national pride and a desire to catch up with Western powers. However, this nationalism also led to militarism, income disparities, and social deprivation, as the government prioritized military spending over social welfare programs. Similarly, China has experienced a period of rapid economic growth, driven by a sense of national pride and a desire to become a global economic power. However, this nationalism has also led to concerns about income inequality, environmental degradation, and social unrest.

Another theme of the book is the impact of militarism on economic development. Japan's military expansion in the 19th and 20th centuries led to significant economic growth, as the government invested in military infrastructure and technology. However, this militarism also contributed to economic instability, as the government spent a large portion of its budget on military spending, which could have been used for social welfare programs. Similarly, China's military expansion in recent years has led to concerns about its economic sustainability, as the government has invested heavily in military infrastructure and technology, which could have been used for economic development.

The book also examines the impact of income disparities on economic development. Japan experienced a period of rapid economic growth in the early 20th century, but this growth was not evenly distributed. The wealthiest individuals and corporations benefited from the economic growth, while the poorest individuals and families suffered from income inequality and social deprivation. Similarly, China has experienced a period of rapid economic growth, but income inequality has become a significant concern. The wealthiest individuals and corporations have benefited from the economic growth, while the poorest individuals and families have suffered from income inequality and social deprivation.

The book also examines the impact of social deprivation on economic development. Japan experienced a period of rapid economic growth in the early 20th century, but this growth was not accompanied by social welfare programs. The government prioritized economic growth over social welfare, leading to a lack of social infrastructure and services for the poor. Similarly, China has experienced a period of rapid economic growth, but social welfare programs have not been adequately implemented, leading to a lack of social infrastructure and services for the poor.

The book also examines the impact of economic crisis on economic development. Japan experienced a period of economic crisis in the 1920s and 1930s, which led to significant social and economic upheaval. The government implemented policies to stimulate economic growth, such as the New Deal in the United States, but these policies also led to a rise in government debt and a decline in economic growth. Similarly, China has experienced a period of economic crisis in recent years, which has led to concerns about its economic sustainability and the impact of the crisis on the poor.

In conclusion, Chinas Economic Rise
Rise: Lessons from Japans Political Economy provides a valuable insight into the economic and political rise of China from the perspective of Japan's economic development. The book highlights the challenges Japan faced in the first decades of the 20th century and draws parallels between these challenges and the potential economic and political upheavals that could accompany the slowing of the Chinese economy. The book will be of interest to researchers and students in Political Economy, Economic History, Economic Transition, and Development Economics. It supplements the author's previous publications and provides a valuable contribution to the literature on China's economic development.

Weight: 442g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030498139
Edition number: 1st ed. 2020