Modern Asian economic history has often been written in terms of Western impact and Asia's response to it. This volume argues that the growth of intra-regional trade, migration, and capital and money flows was a crucial factor that determined the course of East Asian economic development. Twelve chapters are organized around three main themes. First, economic interactions between Japan and China were important in shaping the pattern of regional industrialization. Neither Japan nor China imported technology and organizations, and attempted to "catch up" with the West alone. Japan's industrialization took place, taking advantage of the Chinese merchant networks in Asia, while the Chinese competition was a critical factor in the Japanese technological and organizational "upgrading" in the interwar period. Second, the pattern of China's integration into the international economy was shaped by the growth of intra-Asian trade, migration, and capital flows and remittances. While the Western impact was largely confined to the littoral region of China, intra-Asian trade was more directly connected with China's internal market. Both the fall of the imperial monetary system and the rise of economic nationalism in the early twentieth century reflected increasing contacts with the Asian international economy. Third, a study of intra-Asian trade and migration helps us understand the nature of colonialism and the international climate of imperialism. In spite of the adverse political environment, East Asian merchant and migration networks exploited economic opportunities, taking advantage of colonial institutional arrangements and even political conflicts. They made a contribution to national and regional economic development in the politically more favourable environment after the Second World War, by providing the valuable expertise and entrepreneurship they had accumulated prewar. The character of the international order of Asia, governed by Western powers, especially Britain, but shared also by Japan for most of the period, was "imperialism of free trade", although it eventually collapsed by the late 1930s.

Economic history in modern Asia is commonly written in terms of its impact on the West. This book, the result of a 1993 workshop held in Osaka on the role of China in the Asian economy, argues that the growth of trade and the migration of capital itself has been a strong factor in determining East Asian development. The twelve papers in this volume concern themselves with three major themes. The first is the importance of economic interactions between Japan and China--for example, how Japan's industrialization took advantage of the Chinese merchant networks in Asia and how Chinese competition was a critical factor in Japanese organizational and technological upgrading in the periods in between. The second theme shows how China's entry into the international economy was shaped by the growth of intra-Asian trade, by migration, and by capital flows and remittances. The third is how intra-Asian trade enables us to understand the nature of colonialism and the climate of imperialism.

The relationship between China and Japan remains among the most significant of all the worldâe(tm)s bilateral affairsâe"yet it is also the most tortured and the least understood. Akira Iriye adds brilliant clarity to the past century of Chineseâe"Japanese interactions in this masterful interpretive survey. Placing the relationship within its global context, he outlines three distinct periods in the history of these Asian giants. From the 1880s to World War I, the two nations struggled for power. Armaments, war strategies, and security measures played pivotal roles, reflecting the importance 0f military calculations in a world dominated by Western governments. In the second period, that between the two World Wars, Iriye illuminates the dominant role of culture and the stress on internationalism. Chinaâe(tm)s continuing literary influence, an exchange of ideas and students reforms such as Japanâe(tm)s Taisho democracy and Chinaâe(tm)s May Fourth movement, and both nationsâe(tm) bid for racial equality in the West profoundly affected these interwar years. The third period reaches from the end of World War II through the present day, and is characterized by exchanges of an economic nature: trade, shipping, investment, and emigration. The author discusses the results of Chinaâe(tm)s civil war, the rise and decline 0f the Cold War in the West, and the cultural and ecological problems brought by Japanâe(tm)s spiraling economic development. But economic ties remain deeply entwined with cultural concerns, and ultimately, Iriye stresses, the future of China and Japan depends on the successful cultural interdependence of what may be the most significant pair of countries in the world today.

Takeshi Hamashita, arguably Asia's premier historian of the longue durée, has been instrumental in opening a new field of inquiry in Chinese, East Asian and world historical research. Engaging modernization, Marxist and world system approaches, his wide-ranging redefinition of the evolving relationships between the East Asia regional system and the world economy from the sixteenth century to the present has sent ripples throughout Asian and international scholarship. His research has led him to reconceptualize the position of China first in the context of an East Asian regional order and subsequently within the framework of a wider Euro-American-Asian trade and financial order that was long gestating within, and indeed contributing to the shape of, the world market. This book presents a selection of essays from Takeshi Hamashita's oeuvre on Asian trade to introduce this important historian's work to the English speaking reader. It examines the many critical issues surrounding China and East Asia's incorporation to the world economy, including: Maritime perspectives on China, Asia and the world economy Intra-Asian trade Chinese state finance and the tributary trade system Banking and finance Maritime customs.