Economic Development of Japan
 Updated May 23, 2019

Spring 2019 -  Thursday 16:40-18:10   Lecture Room I (eye)

Syllabus Syllabus as of March 2019
Course materials The textbook is K. Ohno, The History of Japanese Economic Development, Routledge, 2018. Registered students may purchase paperback edition at discount from the instructor (4,000 yen). Lecture slides are provided below. Additional data and information will be circulated in class.
Grading by term paper Deadline July 26, 2019. Submit both electronically and in hardcopy.
Choose one topic from below:
  (i) Assessment of public-private interaction in industrial development of Japan
  (ii) Comparison of Japanese experience and similar experience of another (your) country
  (iii) Detailed analysis of Japanese industrialization (beyond class materials & discussion)
In each case, one particular period and one particular sector/issue must be selected for analysis. Do not discuss generally or without focus. 10 pages or less, single-spaced. One figure or table, and a list of references must be included. Footnotes/endnotes are optional. Evaluation criteria: topic selection (25%), logical flow (25%), depth of analysis (25%), style and English (25%).

This course reviews the history of Japanese economic development from the Edo period (17-19c) to present. Economics is the main focus but social, political, diplomatic and military issues are also discussed. The reason for Japan's early industrialization, impact of external influences, interaction between economics and politics, and state's role and private sector dynamism will be featured. Social and political aspects of industrialization will also be covered. Historical data will be presented and academic debates by economists and historians will be explained.

Schedule for 2019 (subject to change)

Date Topic Textbook chapter Lecture slides Related paper
APR 11 Overview & the meaning of modernization for latecomers ch.1 lec 1
APR 18 Edo period: pre-conditions of industrialization & modernization ch.2 lec 2
APR 25 Meiji 1: key goals of the new government ch.3 lec.3
MAY 09 Meiji 2: politics of Meiji industrialization & modernization ch.3 lec.4 flexible
MAY 16 Meiji 3: technology transfer and major industries chs.4&5 lec.5 TT &
MAY 23 Meiji 4: budget, finance and macro balance ch.6 lec.6
MAY 30 World War I and the 1920s: export-led boom & collapse ch.7 lec.7
JUN 06 Showa Financial Crisis of 1927 ch.8 lec 8
JUN 13 The 1930s and the war economy ch.9 lec.9
JUN 20 Postwar recovery 1945-49 ch.10 lec.10
JUN 27 Postwar high growth 1950s-60s ch.11 lec.11
JUL 04 Economic maturity and slowdown 1970s-80s ch.12 lec.12
JUL 18 Bubble burst and Abenomics ch.13 lec.13
JUL 25 Remaining challenges ch.13 lec.14

                                  Note: class dates are subject to change due to the instructor's travel needs.