HIST 015 Lecture Notes - Lecture 18: Edo Period, Meiji Restoration, Import Substitution Industrialization
Document Summary
Bushido loyalty, duty, self-sacrifice macroeconomic approach modernization vs. westernization. Fief a source of income in return for military service peasants paid rent the feudal pyramid civil wars & political instability until 1616 rise of the tokugawa shogun. Nagasaki trade with macao and manila imports: silk and porcelain export: silver impact of christianity. Christians exterminated decline of silver production threatened a trade deficit the closing (but not quite) of japan continued trade with chinese and dutch. Japanese internal development during the tokugawa era spread of education attempts to avoid a demographic crisis macroeconomic approach. The role of the state in the economy: Macroeconomic policy controlled capital and investment taxes foreign loans: money used wisely; honest government established banks big difference between japan and the west. Japan directed investment balanced long-term concerns with short-term concerns efficiency not deemed crucial at first. Japan rejected economic liberalism crucial investment infrastructure crucial industry.
