Chinese and Japanese economies both make up large areas of the worlds economy; however, there are many differences in these countries with respect to economic development and current economic state. Analysis of Japans and Chinas economic development requires the observation of historical components as well as current actions to stimulate economy. The history of Chinese and Japanese economies holds many similarities and differences. Both Japan and China experienced growth in the 1400's, driving for a more advanced societies, with improved economic policies. However, in Japan the economic advances were more significant, especially when taking into account their trade with European nations in the 1500's, allowing for stimulation of their economy from more outside sources than …show more content…
Conversely, Japan's economic growth was not significant in the early 1900's, due to their push towards militarization. Once the 1930's arrived, Japan began to invade China, at this point, both economies were not expanding greatly, most of their resources were being put towards battle as opposed to the trade that was necessary for their economic growth. After the second world war, Japan and China were attempting to repair and grow, despite this, China began to experience a shift in government which would greatly affect their economy, the end of the Chinese Civil War marked the rise of a communist dictatorship. Japan, in the 1960's experienced immense economic growth, with US investing in their munitions and their lack of focus on militarization, Japan experienced 10% average growth. The Chinese dictatorship under Mao can be partially attributed to Japanese growth, due to the fear America held towards the spread of communism, if the United States held influence over Japan, they could keep it as a sphere of influence, thus stimulating the Japanese
Western incursion into China and Japan is a key factor as to how these countries developed economically and socially. While China and Japan were trying to get on their feet and figure out the standards in which to run their countries, the West was escalating in both power and ambitions. The escalation meant growth in European fire arm power which allowed the European countries to make their way into China and Japan without China and Japan being able to stop them because they were not as strong at this point. However, China and Japan both responded to European influence in very different ways. Under the influence of Western imperialism, China was hindered in the process of structural change and industrialization in their society, where as,
Japan and China had many contrasting responses to western penetration in the nineteenth century, including economic interaction - economically China suffered and Japan prospered, Japanese agricultural productivity increased while China’s did not, and China only accepted a small amount of goods while Japan accepted a wide range of goods- and political interaction - China went to war but Japan did not, Japan adopted western learning styles but China did not, and Japan heavily increased taxes on their people after 1890, while China did not -but had very comparable geographic traits – both had ocean borders – Japan was completely surrounded by water while China was bordered on a large percentage of itself, both kept their ports either fully
Two ships can arrive at the same destination; however that does not necessarily mean that they used the same route on their journey. Such is the same with the industrialization of Britain and Japan. Both rose to become the two great pioneers of the modern world; however the paths they took to success were different. This paper will compare Japan and Britain, exploring the causes of its industrialization, and how the countries drastically changed because of it. What sets Britain’s industrialization process apart from Japans is that it did not have a role model to base its development on; it was the first industrial nation. Therefore the cause of its industrialization must have much
Once these societies were flowing with western influence and ideas in their societies, the people of China and Japan began to try and adopt to these ideas and become big industrial societies as well. In China, these ideas were supported by the people although their government tried to diminish these ideas, while in Japan, the government felt that they had no other choice but to reform, so they began to embrace western development. In
When it comes to modernization, the paths taken by Japan and China were strikingly similar. Well, I say paths taken, however I would argue that it was more along the lines of them being forced upon paths out of necessity in order to survive in a world in which the Western powers of Europe and the United States were increasingly encroaching and interfering in East Asia. The paths I will be looking at for these two nations will both begin with the Tokugawa Shogunate in Japan and the Kangxi emperor in China, and several aspects of how these nations and forms of governance operated, as well as large changes in governance. I will look at how these two nations and the West interacted, and how their interactions began to change as time went on. From
Between the late nineteenth century and early twentieth century, Japan’s economy developed remarkably. China had also developed economically; however, not near as much as Japan. The Japanese government industrialized greatly and encouraged western influence, but the Chinese government did the opposite.
Financially, both China and Japan were stable. China, being a bit of an economic powerhouse was capable of building great infrastructure such as the Great Wall of China.
Prosperity with Exploitation and Social Unrest To Japanese economy, 1910s is definitely the era for growth, era for boom and era for wealth accumulation. The exports in Japan raised from 228 Million US Dollars at the beginning of 1910s to 603 US Dollars when the period ended. Its weighting to the world’s manufacturing exports rose from 1.8% in 1910 to 3.9% after 1910s. The GDP level of Japan climbed from 64559 million Gaeary-Khamis dollars (base year as 1990) in 1910 to over 100000 million in 1919.
Ancient Japan and ancient China had very different ways of trade and communication with the outside world. Throughout history Japan has been very isolated and hard to get too. This has hindered their ability to trade with the outside world. China on the other hand has been at the center of trade between Europe and Asia for thousands of years. Author Edward H. Schaefer wrote “Early China was a vibrant area with lots of trade with the outside world.”
Like Athens and Sparta, were the United States and China drawn into a war neither power wanted because of their alliances?
Chinese cities continued to grow. Peace and urban growth contributed to the increase of trade within China’s borders. The Japanese government allowed some trade. Foreign influences on both China and Japan caused them to sign unequal treaties with nations. The Opium War and other issues with the British in China, and the signing of the Treaty of Kanagawa in Japan explain Chinese and Japanese relations with foreign nations.
Also, China is growing within an era of huge technological and world rapid political change. Japan, in the 1950’s to the 1980’s was operating in an era where change was not as rapid.
Japan and the United States are two of the world’s largest economic powers. In fact, in 1998, the US and Japan were the first and second largest economies in the world, respectively. Since then, China has surpassed Japan, making them the third largest economy in the world as of February 24, 2015. Together, the US and Japan account for over 30% of world domestic product (2012 estimate). The similarities and differences between the US and Japan are affected by a number of different factors such as GDP, current prices (US dollars) which is nominal GDP, International Monetary Fund, Foreign Direct Investment, and unemployment.
Firstly, the financial aid from the strong state is the main factor that arose the economic miracle in Japan. When the cold war began, the U.S. government feared that a bleak economic prospects and instability in Japan would encourage the expansion of Soviet influence in the Pacific, and with a triumph of communism in China’s civil war, the prospective of East Asia seemed to be at stake (Miyazaki 1967). As a consequence, the concern about the spread of communism, which aroused the American officials to stress the expansion of chances for
Japanese industry and infrastructure, which were virtually destroyed during World War II, were systematically rebuilt to transform the country into a global economic leader by the mid-1960s. Post-World War II, the seven-year U.S. occupation of Japan proved to be a blessing in disguise as the Japanese received $2 billion in aid from the U.S. in the form of food, fertilizers, petroleum products and industrial materials.