From Foot Soldier to Finance Minister

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Publisher : BRILL
ISBN 13 : 1684174619
Total Pages : 414 pages
Book Rating : 4.6/5 (841 download)

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Book Synopsis From Foot Soldier to Finance Minister by : Richard Smethurst

Download or read book From Foot Soldier to Finance Minister written by Richard Smethurst and published by BRILL. This book was released on 2020-05-11 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: "From his birth in the lowest stratum of the samurai class to his assassination at the hands of right-wing militarists, Takahashi Korekiyo (1854–1936) lived through tumultuous times that shaped the course of modern Japanese history. Takahashi is considered “Japan’s Keynes” in many circles because of the forward-thinking (and controversial) fiscal and monetary policies—including deficit financing, currency devaluation, and lower interest rates—that he implemented to help Japan rebound from the Great Depression and move toward a modern economy. Richard J. Smethurst’s engaging biography underscores the profound influence of the seven-time finance minister on the political and economic development of Japan by casting new light on Takahashi’s unusual background, unique talents, and singular experiences as a charismatic and cosmopolitan financial statesman. Along with the many fascinating personal episodes—such as working as a houseboy in California and running a silver mine in the Andes—that molded Takahashi and his thinking, the book also highlights four major aspects of Takahashi’s life: his unorthodox self-education, his two decades of service at the highest levels of government, his pathbreaking economic and political policies before and during the Depression, and his efforts to stem the rising tide of militarism in the 1930s. Deftly weaving together archival sources, personal correspondence, and historical analysis, Smethurst’s study paints an intimate portrait of a key figure in the history of modern Japan."

From Foot Soldier to Finance Minister

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Author :
Publisher : Harvard University Press
ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis From Foot Soldier to Finance Minister by : Richard J. Smethurst

Download or read book From Foot Soldier to Finance Minister written by Richard J. Smethurst and published by Harvard University Press. This book was released on 2007 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: From his birth into the lowest stratum of the samurai class to his assassination by right-wing militarists, Takahashi Korekiyo (1854-1936) lived through tumultuous times that shaped the course of modern Japan. This biography underscores the profound influence of the charismatic finance minister on the political and economic development of Japan.

Japan's Siberian Intervention, 1918–1922

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Author :
Publisher : Lexington Books
ISBN 13 : 0739146025
Total Pages : 265 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis Japan's Siberian Intervention, 1918–1922 by : Paul E. Dunscomb

Download or read book Japan's Siberian Intervention, 1918–1922 written by Paul E. Dunscomb and published by Lexington Books. This book was released on 2012-07-10 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fifty months of the Siberian Intervention encompass the existential crisis which affected Japanese at virtually all levels when confronted with the new 'world situation' left in the wake of the First World War. From elite politicians and military professionals, to public intellectuals and the families of servicemen in small garrison towns, the intervention was perceived as a test of how Japan might fit itself into the emerging postwar world order. Both domestically and internationally Japan's actions in Siberia were seen as critical proof of the nation's ability, depending on one's viewpoint, to embrace or to ride out the 'trends of the times,' the seeming triumph of constitutional democracy and Wilsonian internationalism. The course of the Siberian Intervention illuminates the struggle to cement 'responsible' party cabinets at the heart of Japanese decision making, the high water mark of efforts to bring the Japanese military under civilian control, the attempt to fundamentally reshape Japanese continental policy, and the hopes of millions of Japanese that their voices be heard and their desires respected by the nation's leaders. The book attempts a broad examination of domestic politics, foreign policy, and military action by incorporating a wide array of voices through a detailed examination of public comment and discussion in journals and magazines, the major circulation daily newspapers of Tokyo and Osaka as well as those of smaller cities such as Nara, Mito, Oita, and Tsuruga.

The Diffusion of Western Economic Ideas in East Asia

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Author :
Publisher : Routledge
ISBN 13 : 1317399722
Total Pages : 435 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis The Diffusion of Western Economic Ideas in East Asia by : Malcolm Warner

Download or read book The Diffusion of Western Economic Ideas in East Asia written by Malcolm Warner and published by Routledge. This book was released on 2016-12-19 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the diffusion of economic ideas in East Asia, assessing the impact of external ideas on internal theory and practice. It considers economists from Adam Smith onwards, including Marx, Keynes, Hayek and contemporary economists, and covers the subject both historically and also includes present day and likely future developments. The book covers all the major countries of East Asia, and pays particular attention to specific economists who have had a strong impact in specific countries, and to important developments in economic theory in East Asia, exploring how far these have been driven by Western economic ideas. This book will be welcomed by students and scholars of East Asia and South-east Asia, as well as those interested in economics, economic history and management.

The Japanese Economy During the Great Depression

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Author :
Publisher : Springer Nature
ISBN 13 : 9811373574
Total Pages : 125 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis The Japanese Economy During the Great Depression by : Masato Shizume

Download or read book The Japanese Economy During the Great Depression written by Masato Shizume and published by Springer Nature. This book was released on 2021-09-25 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic explanation of a remarkable policy innovation in an emerging economy in the modern world. In doing so, it highlights the nature of the Japanese economy during the interwar period. It offers a canonical case study for an international macroeconomic policy of a small and open economy. Readers can draw lessons from the Japanese experience in the 1930s, recalling what kinds of challenges policymakers faced in a crisis situation, what they can do, and what they should not do. As a whole, it is a novel reference both for scholars in economic history and international economics and for policymakers all over the world. A comprehensive and clear-cut picture of the Japanese economy during the Great Depression in the 1930s is presented, including the policy innovations brought about by an iconoclastic finance minister, Korekiyo Takahashi, at that time. To this end, the book integrates the narrative analysis based on newly available archival documents and the quantitative analysis based on newly constructed macroeconomic data and contemporary econometric methodologies. This work shows how Japan escaped from the depression in its early stage. It illustrates a transmission mechanism of the macroeconomic stimulus package of currency depreciation, easy money, and fiscal expansion. As well, it argues that the key for economic recovery was currency depreciation and that expectations played a pivotal role in ending deflation and kick-starting economic recovery. Also contained here is an exploration of politico-economic interaction in the shaping of economic policy and the long-term consequences of policy actions such as departure from the gold standard and initiation of the government debt finance by the central bank. It is shown that the collapse of the international gold standard and the lack of governance of military spending resulted in a loss of fiscal discipline in the long run.

The Great Wall of Money

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Author :
Publisher : Cornell University Press
ISBN 13 : 0801454662
Total Pages : 289 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis The Great Wall of Money by : Eric Helleiner

Download or read book The Great Wall of Money written by Eric Helleiner and published by Cornell University Press. This book was released on 2014-09-08 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an economic superpower, China has become an increasingly important player in the international monetary system. Its foreign exchange reserves are the largest in the world and its exchange rate policy has become a major subject of international economic diplomacy. The internationalization of the renminbi (RMB) raises critical questions in international policy circles: What kinds of power is China acquiring in international monetary relations? What are the priorities of the Chinese government? What explains its preferences? In The Great Wall of Money, a distinguished group of contributors addresses these questions from distinct perspectives, revealing the extent to which China’s choices, and global monetary affairs, will be shaped by internal political factors and affect world politics. The RMB is a likely competitor for the dollar in the next couple of decades; its emergence as an important international currency would have substantial effects on the balance of power between the United States and China. By illuminating the politics of China’s international monetary relations, this book provides a timely account of the global economy, the role of the renminbi in international relations, and the trajectory of China’s continuing ascendency in the coming decades.

The Korean Economy

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Author :
Publisher : BRILL
ISBN 13 : 168417550X
Total Pages : 390 pages
Book Rating : 4.6/5 (841 download)

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Book Synopsis The Korean Economy by : Barry Eichengreen

Download or read book The Korean Economy written by Barry Eichengreen and published by BRILL. This book was released on 2020-05-11 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: "South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to developed country status—and as an example of how a middle-income country can continue to move up the technology ladder into the production and export of more sophisticated goods and services. But with these successes have come challenges, among them poverty, inequality, long work hours, financial instability, and complaints about the economic and political power of the country’s large corporate conglomerates, or chaebol.The Korean Economy provides an overview of Korean economic experience since the 1950s, with a focus on the period since democratization in 1987. Successive chapters analyze the Korean experience from the perspectives of political economy, the growth record, industrial organization and corporate governance, financial development and instability, labor and employment, inequality and social policy, and Korea’s place in the world economy. A concluding chapter describes the country’s economic challenges going forward and how they can best be met.The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center."

How Global Currencies Work

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Publisher : Princeton University Press
ISBN 13 : 1400888573
Total Pages : 270 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis How Global Currencies Work by : Barry Eichengreen

Download or read book How Global Currencies Work written by Barry Eichengreen and published by Princeton University Press. This book was released on 2017-10-23 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S. dollar, and perhaps someday the Chinese yuan—invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chiţu argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the pastupending the traditional view of the British pound’s dominance prior to 1945 and the U.S. dollar’s dominance more recently. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability.

Critical Issues in Contemporary Japan

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Publisher : Routledge
ISBN 13 : 1351139622
Total Pages : 401 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Critical Issues in Contemporary Japan by : Jeff Kingston

Download or read book Critical Issues in Contemporary Japan written by Jeff Kingston and published by Routledge. This book was released on 2019-02-18 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new and fully updated second edition of Critical Issues in Contemporary Japan provides undergraduate and graduate students with an interdisciplinary textbook written by leading specialists on contemporary Japan. Students will gain the analytical insights and information necessary to assess the challenges that confront the Japanese people, policymakers and private and public-sector institutions in Japan today. Featuring a comprehensive analysis of key debates and issues confronting Japan, issues covered include: A rapidly aging society and changing employment system Nuclear and renewable energy policy Gender discrimination Immigration and ethnic minorities Post-3/11 tsunami, earthquake and nuclear meltdown developments Sino-Japanese relations An essential reference work for students of contemporary Japan, it is also an invaluable source for a variety of courses, including comparative politics, anthropology, public policy and international relations.

China and the End of Global Silver, 1873–1937

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Author :
Publisher : Cornell University Press
ISBN 13 : 1501752421
Total Pages : 264 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis China and the End of Global Silver, 1873–1937 by : Austin Dean

Download or read book China and the End of Global Silver, 1873–1937 written by Austin Dean and published by Cornell University Press. This book was released on 2020-11-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an "encounter of wits." China and the End of Global Silver, 1873–1937 focuses on how officials, policy makers, bankers, merchants, academics, and journalists in China and around the world answered a simple question: how should China change its monetary system? Far from a narrow, technical issue, Chinese monetary reform is a dramatic story full of political revolutions, economic depressions, chance, and contingency. As different governments in China attempted to create a unified monetary standard in the late nineteenth and early twentieth century, the United States, England, and Japan tried to shape the direction of Chinese monetary reform for their own benefit. Austin Dean argues convincingly that the Silver Era in world history ended owing to the interaction of imperial competition in East Asia and the state-building projects of different governments in China. When the Nationalist government of China went off the silver standard in 1935, it marked a key moment not just in Chinese history but in world history.

People, Places and Business Cultures

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Publisher : Boydell & Brewer
ISBN 13 : 1783272120
Total Pages : 284 pages
Book Rating : 4.7/5 (832 download)

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Book Synopsis People, Places and Business Cultures by : Paolo Di Martino

Download or read book People, Places and Business Cultures written by Paolo Di Martino and published by Boydell & Brewer. This book was released on 2017 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inspired by the work and legacy of Francesca Carnevali, this collection brings together new research into nineteenth- and twentieth-century British and European economic history, socio-cultural history and business history. This collection brings together new research into nineteenth- and twentieth-century British and European economic history, socio-cultural history and business history. It is inspired by the work and legacy of Francesca Carnevali who, throughout her career, encouraged a lively dialogue between these different disciplines. The book offers innovative views and perspectives on key debates and emphasises the connections between economic environments and wider social and cultural elements. It also considers methodological issues and emerging approaches in economic history. Topics include banks and business finance in the nineteenth century, mass-market retailing and class demarcations, economic microhistory, and comparative history and capitalism. Economic, business, social and cultural historians alike will find it of interest. PAOLO DI MARTINO is Senior Lecturer in International Business History at the Birmingham Business School, University of Birmingham. ANDREW POPP is Professor of Business History at the University of Liverpool. PETER SCOTT is Professor of International Business History at the University of Reading's Henley Business School and Director of Henley's Centre for International Business History. CONTRIBUTORS: Andrea Colli, Paolo Di Martino, Leslie Hannah, Matthew Hilton, Ken Lipartito, Lucy Newton, Andrew Popp, Peter Scott, Anna Spadavecchia, James Walker, Chris Wickham

The Money Doctors from Japan

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Publisher : BRILL
ISBN 13 : 1684175135
Total Pages : 309 pages
Book Rating : 4.6/5 (841 download)

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Book Synopsis The Money Doctors from Japan by : Michael Schiltz

Download or read book The Money Doctors from Japan written by Michael Schiltz and published by BRILL. This book was released on 2020-03-17 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Money and finance have been among the most potent tools of colonial power. This study investigates the Japanese experiment with financial imperialism—or “yen diplomacy”—at several key moments between the acquisition of Taiwan in 1895 and the outbreak of the Sino-Japanese War in 1937. Through authoritarian monetary reforms and lending schemes, government officials and financial middlemen served as “money doctors” who steered capital and expertise to Japanese official and semi-official colonies in Taiwan, Korea, China, and Manchuria. Michael Schiltz points to the paradox of acute capital shortages within the Japan’s domestic economy and aggressive capital exports to its colonial possessions as the inevitable but ultimately disastrous outcome of the Japanese government’s goal to exercise macroeconomic control over greater East Asia and establish a self-sufficient “yen bloc.” Through their efforts to implement their policies and contribute to the expansion of the Japanese empire, the “money doctors” brought to the colonies a series of banking institutions and a corollary capitalist ethos, which would all have a formidable impact on the development of the receiving countries, eventually affecting their geopolitical position in the postcolonial world."

How States Pay for Wars

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Publisher : Cornell University Press
ISBN 13 : 1501706519
Total Pages : 206 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis How States Pay for Wars by : Rosella Cappella Zielinski

Download or read book How States Pay for Wars written by Rosella Cappella Zielinski and published by Cornell University Press. This book was released on 2016-07-11 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Armies fight battles, states fight wars. To focus solely on armies is to neglect the broader story of victory and defeat. Military power stems from an economic base, and without wealth, soldiers cannot be paid, weapons cannot be procured, and food cannot be bought. War finance is among the most consequential decisions any state makes: how a state finances a war affects not only its success on the battlefield but also its economic stability and its leadership tenure. In How States Pay for Wars, Rosella Cappella Zielinski clarifies several critical dynamics lying at the nexus of financial and military policy.Cappella Zielinski has built a custom database on war funding over the past two centuries, and she combines those data with qualitative analyses of Truman's financing of the Korean War, Johnson’s financing of the Vietnam War, British financing of World War II and the Crimean War, and Russian and Japanese financing of the Russo-Japanese War. She argues that leaders who attempt to maximize their power at home, and state power abroad, are in a constant balancing act as they try to win wars while remaining in office. As a result of political risks, they prefer war finance policies that meet the needs of the war effort within the constraints of the capacity of the state.

Central Banks into the Breach

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Publisher : Oxford University Press
ISBN 13 : 0190228857
Total Pages : 345 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Central Banks into the Breach by : Pierre L. Siklos

Download or read book Central Banks into the Breach written by Pierre L. Siklos and published by Oxford University Press. This book was released on 2017-07-17 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks play an important role in the course of national economies and the global economy. Their leaders are regularly feted or vilified, their policy pronouncements highly anticipated and routinely scrutinized. This is all the more so since the global financial crisis. The past fifteen years in monetary policy is essentially the story of two mistakes and one triumph, argues Pierre L. Siklos, a professor of economics at Wilfrid Laurier University. One mistake was that central bankers underestimated the connection between finance and the real economy. The other was a failure to realize how inter-connected the world's financial system had become. The triumph, in turn, was the recognition that price stability is a desirable objective. As a result of the financial crisis, central banks stepped into the breach to provide services other institutions were unwilling or unable to carry out. In doing so, the responsibilities for governing monetary policy and financial system stability became more elastic without due consideration for the appropriateness of the division of responsibilities. Central banks no longer influence just prices they also change financial system quantities. This leads to rising policy uncertainty. And low economic growth, an insufficiently unsubstantiated expansion of central bank responsibilities, and worries over future financial instability are sources of concern that contribute to a loss of confidence in the monetary authorities around the globe. Because no coherent new framework for central bank policy has since emerged, central banking is not broken, but it is in need of repair. Central Banks into the Breach provides an overarching analysis of the current and vulnerable state of central banks and offers potential solutions to stabilize the uncertain future of central banking.

The Iconoclast

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Publisher : Oxford University Press
ISBN 13 : 1787385132
Total Pages : pages
Book Rating : 4.7/5 (873 download)

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Book Synopsis The Iconoclast by : Tobias Harris

Download or read book The Iconoclast written by Tobias Harris and published by Oxford University Press. This book was released on 2020-09-04 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Shinzo Abe entered politics burdened by high expectations: that he would change Japan. In 2007, seemingly overwhelmed, he resigned after only a year as prime minister. Yet, following five years of reinvention, he masterfully regained the premiership in 2012, and now dominates Japanese democracy as no leader has done before. Abe has inspired fierce loyalty among his followers, cowing Japan's left with his ambitious economic program and support for the security and armed forces. He has staked a leadership role for Japan in a region being rapidly transformed by the rise of China and India, while carefully preserving an ironclad relationship with Trump's America. The Iconoclast tells the story of Abe's meteoric rise and stunning fall, his remarkable comeback, and his unlikely emergence as a global statesman laying the groundwork for Japan's survival in a turbulent century.

Will the United States Survive Until 2084?

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Author :
Publisher : Trafford Publishing
ISBN 13 : 142518720X
Total Pages : 368 pages
Book Rating : 4.4/5 (251 download)

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Book Synopsis Will the United States Survive Until 2084? by : Dale T. La Belle Ph. D.

Download or read book Will the United States Survive Until 2084? written by Dale T. La Belle Ph. D. and published by Trafford Publishing. This book was released on 2012-06 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study treats the practices of Western banking and contrasts them broadly with Islamic banking. It illumines the "invisible treads" uniting war and capitalism, following the lead of Werner Sombart. An example of money inflation is adduced from the sixteenth century precedent of bullion inflation and its economic consequences. For long-term analysis as well as predictive value the author adopts the "long cycle" hypothesis of the Russian economist K.D. Dmitriev and as expounded by contemporary Russian economists. The author concludes that the operation of the sixth "long wave" of economic acceleration may well necessitate the collapse and transformation of the current American political regime during the third quarter of the twenty-first century. Subsequent chapters in the Afterward trace the path of revolutionary Puritan colonists into the Pioneer Valley in central Massachusetts, before entering and forming a significant ethnic portion of the banking industry. Later chapters illumine the aspirations of a later Puritsn descendent to establish a military dictatorship in America, after a second invasion of Mexico, thus illustrating the contnuity of Puritan military aspirations from Philip Dru: Administrator to the border vigilantes of the present day.

Averting a Great Divergence

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Publisher : Bloomsbury Publishing
ISBN 13 : 135012169X
Total Pages : 309 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis Averting a Great Divergence by : Peer Vries

Download or read book Averting a Great Divergence written by Peer Vries and published by Bloomsbury Publishing. This book was released on 2019-08-08 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most significant debate in global economic history over the past twenty years has dealt with the Great Divergence, the economic gap between different parts of the world. Thus far, this debate has focused on China, India and north-western Europe, particularly Great Britain. This book shifts the focus to ask how Japan became the only non-western county that managed, at least partially, to modernize its economy and start to industrialize in the 19th century. Using a range of empirical data, Peer Vries analyses the role of the state in Japan's economic growth from the Meiji Restoration to World War II, and asks whether Japan's economic success can be attributed to the rise of state power. Asserting that the state's involvement was fundamental in Japan's economic 'catching up', he demonstrates how this was built on legacies from the previous Tokugawa period. In this book, Vries deepens our understanding of the Great Divergence in global history by re-examining how Japan developed and modernized against the odds.