Imposed Efficiency of Treaty Port: Japanese Industrialization and Western Imperialist Institutions

Masaki Nakabayashi ()

No f142, ISS Discussion Paper Series (series F) from Institute of Social Science, The University of Tokyo

Abstract: An intrinsic feature of a pre-modern society is its diversity of industries and its fragmentary markets. Fragmentary markets are more likely to fail in coordination of resource allocation. However, if a concentrated market is exogenously formed and the market could provide the only price to local markets, the market can work as a pivot of coordination for development. Treaty port markets imposed on nineteenth-century Japan worked as the pivot and ignited Japanfs industrialization. This work examines the silk-reeling industry, which was the major exporter and led Japanese industrialization, and role of treaty ports in its development.

Keywords: international trade; institutions, economic openness; treaty port; empire effect (search for similar items in EconPapers)
JEL-codes: O19 F14 N75 (search for similar items in EconPapers)
Date: 2008-11-01, Revised 2012-06-15
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