Industrialisation through Full Utilisation of Foreign Trade: The Case of Some East Asian Economies

Ippei Yamazawa
Additional contact information
Ippei Yamazawa: Hitotsubashi University

Chapter 14 in The Balance between Industry and Agriculture in Economic Development, 1989, pp 343-355 from Palgrave Macmillan

Abstract: Abstract This paper examines the development experience of Japan, and its implication for contemporary developing countries in Asia. Japan achieved rapid industrialisation by full utilisation of foreign trade. Through foreign trade she not only obtained raw materials unavailable domestically, but also introduced new products and technology and developed modern industrial production through import substitution at home and exportation abroad. As a late-starting industrial country in the late nineteenth century, Japan’s industries typically followed the ‘catching-up product cycle’ (CPC) process of development.1 She started as a primary exporter at the take-off stage and then succeeded in achieving export substitution, first in labour-intensive manufactures and later in capital- and technology-intensive ones. This pattern is relevant for developing countries with similar resource endowments in Asia after the Second World War. We will first examine the different stages of Japan’s development and then take a comparative look at recent experience of the Asian developing countries.

Keywords: Foreign Trade; Import Substitution; Silk Fabric; Modern Industry; Full Utilisation (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-10277-8_14

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349102778

DOI: 10.1007/978-1-349-10277-8_14

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().