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Shake Hands or Shake Apart? International Relationship of Japan with Global Blocs

Author

Listed:
  • Toshihiro Okubo

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

Despite the world-wide spread of economic blocs following the Great Depression, Japan sought to find trade partners outside of its own bloc and to maintain a relationship with some foreign blocs, in particular maintaining a connection with the British Commonwealth and the Sterling bloc. The 1930s bloc economies did not isolate Japan. Also, in the early period of the cold war after World War II, capitalist blocs did not significantly isolate Japan. Econometric analysis of Japan's trade and world trade over the period from 1890 to 1955 based on a development of a gravity equation illustrates these statements.

Suggested Citation

  • Toshihiro Okubo, 2010. "Shake Hands or Shake Apart? International Relationship of Japan with Global Blocs," Discussion Paper Series DP2010-06, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:dp2010-06
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    File URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2010-06.pdf
    File Function: First version, 2010
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    Cited by:

    1. Ilan Noy & Toshihiro Okubo & Eric Strobl, 2023. "The Japanese textile sector and the influenza pandemic of 1918–1920," Journal of Regional Science, Wiley Blackwell, vol. 63(5), pages 1192-1227, November.
    2. Michael J. Artis & Toshihiro Okubo, 2012. "Business Cycle, Currency And Trade, Revisited," Pacific Economic Review, Wiley Blackwell, vol. 17(1), pages 160-180, February.

    More about this item

    Keywords

    Trade/ Currency Blocs; Bloc Economy; Trade Diversion; Gravity equation; GATT;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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