Industrial Dualism In Japan

The industrialization’s foundations began in 1860 to 1885 where there was not much expertise in the field of manufacturing among the Japanese. At first, the concerns of the government were mainly on army development that caused the increasing expenditures of their economic policy. However, the practice was discontinued after a proposal by Okubo Toshimichi to cultivate a productive power in the country in term of manufacturing industry. A most important part of this works included the enhancement of transport and communications such as telegraph system, postal services, railway construction and shipping services for both coastal and overseas. The financial structure that capable in funding foreign trade and modern enterprise also became the …show more content…
The impact of Japanese industrialization did not result in the same economic and social structures as in the West due to the capability of Japan to retain sufficient fiscal independence to resist the pressures making for conformity. Accumulation of wealth in private hands gained from farming and commerce in Tokugawa period proved adequate to fund the first phases of growth and make it easy to Japan to not require heavy capital inputs from abroad and had no considerable foreign debt before the Russo-Japanese War. Furthermore, the West provided know-how, skills and knowledge of approaches of business organization into Japan by foreign professionals and advisers but at the same time had no share in ownership or administration thereby enlarged the scope for adaptations of the Western model. In term of industrial dualism, Japan had one extreme a very large number of small and medium concerns, conflicting fiercely with each other without much in the way of capital or technological resources whereby in contrast with them were a few much larger companies using advanced technology that able to accomplish high stages of productivity in industries like iron and steel, engineering, mining, cement and sugar