An introduction to the strategies the meiji government used to achieve economic development

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An introduction to the strategies the meiji government used to achieve economic development

Send email to admin eh. Moving along an income growth trajectory through expansion of manufacturing is hardly unique. Indeed Western Europe, Canada, Australia and the United States all attained high levels of income per capita by shifting from agrarian-based production to manufacturing and technologically sophisticated service sector activity.

Investment-led growth Domestic investment in industry and infrastructure was the driving force behind growth in Japanese output. Both private and public sectors invested in infrastructure, national and local governments serving as coordinating agents for infrastructure build-up.

Investment in manufacturing capacity was largely left to the private sector.

An introduction to the strategies the meiji government used to achieve economic development

Rising domestic savings made increasing capital accumulation possible. Japanese growth was investment-led, not export-led. Total factor productivity growth — achieving more output per unit of input — was rapid.

On the supply side, total factor productivity growth was extremely important. Scale economies — the reduction in per unit costs due to increased levels of output — contributed to total factor productivity growth.

Scale economies existed due to geographic concentration, to growth of the national economy, and to growth in the output of individual companies.

Meiji Government Essay Examples. 7 total results. words. 1 page. An Introduction to the Strategies the Meiji Government Used to Achieve Economic Development. words. 1 page. A Description of How Japan Construct Its Society to Make Their Country be Progressive. words. The Japanese government played a prominent role in creating and implementing policies for economic and industrial development both after the Meiji Restoration in and after second world war. In the Meiji period (‐), the objectives of Japan's central government were clear: to catch up with the west and to prevent a western takeover. The Strategies The Meiji Government Used to Achieve Economic Development Words | 3 Pages The Meiji government during the 's created both an institutional and constitution structure that allowed Japan in the coming decades to be a stabile and industrializing country.

The social capacity for importing and adapting foreign technology improved and this contributed to total factor productivity growth: At the household level, investing in education of children improved social capability. At the firm level, creating internalized labor markets that bound firms to workers and workers to firms, thereby giving workers a strong incentive to flexibly adapt to new technology, improved social capability.

An introduction to the strategies the meiji government used to achieve economic development

At the government level, industrial policy that reduced the cost to private firms of securing foreign technology enhanced social capacity. Shifting out of low-productivity agriculture into high productivity manufacturing, mining, and construction contributed to total factor productivity growth.

Dualism Sharply segmented labor and capital markets emerged in Japan after the s. The capital intensive sector enjoying high ratios of capital to labor paid relatively high wages, and the labor intensive sector paid relatively low wages.

Dualism contributed to income inequality and therefore to domestic social unrest. After a series of public policy reforms addressed inequality and erased much of the social bitterness around dualism that ravaged Japan prior to World War II.

The remainder of this article will expand on a number of the themes mentioned above. The appendix reviews quantitative evidence concerning these points.

The conclusion of the article lists references that provide a wealth of detailed evidence supporting the points above, which this article can only begin to explore. Achievements of Tokugawa Japan Why Japan? The system of confederation government introduced at the end of the fifteenth century placed certain powers in the hands of feudal warlords, daimyo, and certain powers in the hands of the shogun, the most powerful of the warlords.

Each daimyo — and the shogun — was assigned a geographic region, a domain, being given taxation authority over the peasants residing in the villages of the domain. Intercourse with foreign powers was monopolized by the shogun, thereby preventing daimyo from cementing alliances with other countries in an effort to overthrow the central government.

The samurai military retainers of the daimyo were forced to abandon rice farming and reside in the castle town headquarters of their daimyo overlord. In exchange, samurai received rice stipends from the rice taxes collected from the villages of their domain.

By removing samurai from the countryside — by demilitarizing rural areas — conflicts over local water rights were largely made a thing of the past. As a result irrigation ditches were extended throughout the valleys, and riverbanks were shored up with stone embankments, facilitating transport and preventing flooding.

The sustained growth of proto-industrialization in urban Japan, and its widespread diffusion to villages after was also inseparable from the productivity growth in paddy rice production and the growing of industrial crops like tea, fruit, mulberry plant growing that sustained the raising of silk cocoons and cotton.

Readiness to emulate the West As a result of these domestic advances, Japan was well positioned to take up the Western challenge. It harnessed its infrastructure, its high level of literacy, and its proto-industrial distribution networks to the task of emulating Western organizational forms and Western techniques in energy production, first and foremost enlisting inorganic energy sources like coal and the other fossil fuels to generate steam power.

Having intensively developed the organic economy depending upon natural energy flows like wind, water and fire, Japanese were quite prepared to master inorganic production after the Black Ships of the Americans forced Japan to jettison its long-standing autarky.economic development policy from a primary emphasis on industrial recruitment (e.g., “smokestack chasing”) in the fi rst wave to so-called second-wave business retention and entrepreneurship strategies.

Essay The Strategies The Meiji Government Used to Achieve Economic Development?

The Meiji government during the 's created both an institutional and constitution structure that allowed Japan in the coming decades to be a stabile and industrializing country.

The Strategies The Meiji Government Used to Achieve Economic Development Words 3 Pages The Meiji government during the 's created both an institutional and constitution structure that allowed Japan in the coming decades to be a stabile and industrializing country.

Often, an initiative will use many different strategies--providing information, enhancing support, removing barriers, providing resources, etcto achieve its goals. Objectives outline the aims of an initiative--what success would look like in achieving the vision and mission.

The Strategies The Meiji Government Used to Achieve Economic Development? The Meiji government during the 's created both an institutional and constitution structure that allowed Japan in the coming decades to be a stabile and industrializing country.

The Meiji government during the 's created both an institutional and constitution structure that allowed Japan in the coming decades to be a stabile and industrializing country.

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