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

  • NAKABAYASHI, Masaki

    ()

    (Institute of Social Science, The University of Tokyo)

An intrinsic feature of a pre-modern society is in its fragmentary markets. Fragmentary markets are more likely to fail in the 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 Japan's industrialization. We examine the silk-reeling industry, which was the major export industry and which led to Japanese industrialization, and the role of treaty ports in its development.

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File URL: http://www.iss.u-tokyo.ac.jp/publishments/dpf/pdf/f-142.pdf
File Function: Revised version, November. 2013
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Paper provided by Institute of Social Science, The University of Tokyo in its series ISS Discussion Paper Series (series F) with number f142.

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Length: 59 pages
Date of creation: 01 Nov 2008
Date of revision: 07 Dec 2013
Publication status: Published in the Review of Development Economics, 18(2), May 2014, 254-271.
Handle: RePEc:itk:issdps:f142
Note: Data are included.
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  1. Paolo Mauro & Yishay Yafeh & Nathan Sussman, 2001. "Emerging Market Spreads: Then Versus Now," OFRC Working Papers Series 2001fe03, Oxford Financial Research Centre.
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