This book, first published in 1982, closely examines the Japanese investment in the industries of its puppet state Manchuria in the years 1930 to 1945. Attention is paid to industrial capital by source and type, facilitating the analysis of the relationship between the different investment components on one hand, and economic and institutional factors on the other. The course of inflation is also traced and its relationship to industrial investment studied. The Manchurian experience throws light on the volume of capital available through inflationary processes, the point up to which inflationary financing can successfully be carried, and the institutional factors necessary to make such a policy effective in increasing real investment.
1. The Setting: Manchuria, 1930-1945 2. Estimated Investment in Current Prices in Manchoukuo Industry, 1931-1942 3. The Institutions Supplying the Capital for Manchurian Economic Development 4. An Evaluation of Manchurian Industrial Investment, the Amount and its Sources 5. Summary and Conclusions: The Lessons of the Manchurian Experience
This set examines a vast range of topics covering all experiences of business and economics from across Asia. Dealing with early banking systems in China; the industrialisation of Korea and Taiwan; the evolution of Japanese business practices; economic development; protectionist policies; industrial investment; trade; tourism; and a host of other topics, the books collected here form a vital reference resource across a wide subject area.