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Traps embraced or escaped = elites i...

Mosk, Carl.{me_controlnum}

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Traps embraced or escaped = elites in the economic development of modern Japan and China /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Traps embraced or escaped/ Carl Mosk.
Reminder of title:	elites in the economic development of modern Japan and China /
Author:	Mosk, Carl.{me_controlnum}
Published:	Singapore ;World Scientific Pub. Co., : c2011.,
Description:	xv, 260 p. :ill.
Subject:	Economic development - History - 19th century. - China -
Online resource:	http://www.worldscientific.com/worldscibooks/10.1142/7465#t=toc
ISBN:	9789814287531 (electronic bk.)

Traps embraced or escaped = elites in the economic development of modern Japan and China /
Mosk, Carl.{me_controlnum}

Traps embraced or escapedelites in the economic development of modern Japan and China /[electronic resource] :Carl Mosk. - Singapore ;World Scientific Pub. Co.,c2011. - xv, 260 p. :ill.

Includes bibliographical references (p. 245-253) and index.

Countries commencing industrialization with relatively low levels of agricultural productivity, hence low wages, enjoy advantages that can also prove host to daunting challenges. The chief advantage is a relatively elastic supply of labor for manufacturing; the chief challenge is how to free up farm labor for factory employment through the raising of labor productivity in farming. Key to raising agricultural labor productivity is providing incentives to increase effort levels including hours worked - access to markets being crucial - and improving the quality of labor as measured by health indicators and educational attainment. The willingness of elites to promote improvements in infrastructure - physical infrastructure in the form of roads and railroads and hydroelectric systems; human capital enhancing infrastructure augmenting the educational attainment and health of populations in rural areas; and financial infrastructure - and to invest directly in factories is crucial to the process by which labor is transferred from farming to manufacturing activities. During the period 1850 to 1935 elites in China tended to resist the requisite changes while elites in Japan did not. This legacy played a crucial role in shaping the nature of post-1950 economic development in the two countries.

Electronic reproduction.
Singapore :
World Scientific Publishing Co.,
2011.

System requirements: Adobe Acrobat Reader.

ISBN: 9789814287531 (electronic bk.)Subjects--Topical Terms:

1573336
Economic development
--History--China--19th century.

LC Class. No.: HC465.E44

Dewey Class. No.: 338.951

Traps embraced or escaped = elites in the economic development of modern Japan and China /
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