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Resources, Trade, and Globalisation

In: Japan and the Great Divergence

Author

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  • Penelope Francks

    (University of Leeds)

Abstract

Whatever might be the contribution of involvement in international trade and globalisation to growth and eventual industrialisation, it has generally been assumed that Japan was precluded from such benefits by the ‘closed country’ (sakoku) policy of the Tokugawa regime. However, there is now considerable evidence of Japanese participation in regional and global trade, especially in silver, in the sixteenth and seventeenth centuries, and of the influence this exerted on economic policy and development. Nonetheless, restrictions on outside contact meant that ultimately Japan had to rely on domestically produced resources to sustain economic growth and did in fact develop sustainable means to do this, for example in forestry.

Suggested Citation

  • Penelope Francks, 2016. "Resources, Trade, and Globalisation," Palgrave Studies in Economic History, in: Japan and the Great Divergence, chapter 0, pages 45-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-1-137-57673-6_6
    DOI: 10.1057/978-1-137-57673-6_6
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