The First World War and the International Economy

The First World War and the International Economy

Edited by Chris Wrigley

This book provides a fresh assessment of the impact of the First World War on the international economy. Leading academics offer new perspectives on the effects of the War on the long-term growth rates of the belligerent countries and examine its impact on individual sectors within these economies.

Chapter 5: The impact of the First World War on Japan

Kenneth D. Brown

Subjects: economics and finance, economic psychology, international economics


Kenneth D. Brown By the time the First World War began in 1914, Japan was already on the way to becoming the first modern nation in Asia. Over the half-century following the restoration of imperial power in 1868 a country which appeared, in Western terms at least, to be relatively backward, acquired many of the characteristics of more developed contemporary societies. The background to this was the positive role played by the state in determining broad national goals and in establishing the economic and social infrastructures conducive to modernization. In a comparatively short space of time the system of landholding was reformed, educational provision extended, local government reorganized, the armed forces modernized, national government democratized and industrialization fostered. There was still a long way to go, however, as one of Japan’s most perceptive Western residents, Lafcadio Hearn, acknowledged. ‘Nearly all the phases of modern life,’ he wrote in 1904, ‘yield evidence that the disintegration of the old society has been superficial rather than fundamental’.1 Another Westerner, Clive Holland, agreed, observing in 1913 that: Although modern Japan is so changed from what it was even twenty-five or thirty years ago, and although ‘modernity’ and all that the word may be held to imply, has so great and apparently irresistible an attraction for the more highly educated and official classes, the workaday life of the countryside, of the shops, fields and factories has little to do with … Western civilization.2 Furthermore the juxtaposition of the old and the new...

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