This book focuses on the production of low-quality goods, the rise of markets for imitations and shoddy goods, and dishonest trading practices which developed along with the expansion of global trade in the nineteenth and twentieth centuries in East Asia. Fake, imitation, counterfeit, and adulterated goods have long plagued domestic and international trade. While we are all familiar with contemporary attempts to control the manufacture and sales of such goods, economic historians have given the subject little attention, despite the fact that the growth of international trade and the lengthening of commodity chains played a major role in the spread of such practices. The problem is approached in several ways. Part I of the book examines the ways in which the asymmetry of product-quality information was reduced and mechanisms were developed to bring greater order in the markets, using case studies on cotton fiber, silk pongee, cotton cloth, fertilizer, and tea. Part II of the book focuses on problems associated with imported everyday-use items—which are referred to here as “small things”—and the role played by imitations of such everyday goods as soap, matches, glass bottles, and toys in the development of the modern economies of Japan, China and Taiwan. The project brings together the work of an international team of scholars who offer important historical perspectives on these issues, exploring the ways in which new institutions were created that continue to play a role in contemporary global economic activities.

This book provides a unique insight into the world of commodity trading companies, often depicted as the hidden companies of the global economy and showcases how they were instrumental in bringing about the economic integration of new commodities and far-flung regions into the first global economy in the late nineteenth and early twentieth century. The late nineteenth century witnessed an unprecedented phase of global economic integration. As organisers of global trade, trading companies specialising in commodities were instrumental in creating this first global economy. From soybeans to cultural artefacts, from seal hides to rubber, trading companies connected far-flung regions at or beyond the frontier of empires to a growing global market for these commodities. Satisfying the unsatiable appetite for commodities of industrializing economies in North America, Europe and East Asia, their nimble organisations and specialised trading skills allowed trading companies to harness imperial geopolitics, latch onto local networks and move across borders. This book brings together a collection of case studies of commodity trading companies across a range of commodities and regions between the 1870s and the 1930s. Through the lens of global value chains, the contributions showcase how these companies continuously adapted their businesses to a world that was at once economically more integrated but politically increasingly competitive in this age of high imperialism and national competition. The chapters in this book were originally published as a special issue of Business History.

China's rise as the world's second-largest economy surely is the most dramatic development in the global economy since the year 2000. Volume II, which spans China's two turbulent centuries from 1800, charts this wrenching process of an ancient empire being transformed to re-emerge as a major world power. This volume for the first time brings together the fruits of pioneering international scholarship in all dimensions of economic history to provide an authoritative and comprehensive overview of this tumultuous and dramatic transformation. In many cases, it offers a fundamental reinterpretation of major themes in Chinese economic history, such as the role of ideology, the rise of new institutions, human capital and public infrastructure, the impact of Western and Japanese imperialism, the role of external trade and investment, and the evolution of living standards in both the pre-Communist and Communist eras. The volume includes seven important chapters on the Mao and reform eras and provides a critical historical perspective linking the past with the present and future.

The idea has become popular that industrialisation in East Asia, in particular Japan, was fundamentally differently from Western industrialization because it would have been much more labour-intensive. This book shows that this claim is unfounded.

The book is a key reading which provides a comprehensive and systematic overview of the contemporary Asian economy. The book focuses on the structural changes that are rapidly transforming the regional economic landscape in the 21st century. It highlights the concomitant challenges that have arisen, and further discusses prospects and potentialities of Asian economies given this new economic environment. The book also looks at broader social issues that are both the cause and result of these new and complex economic dynamism in Asia. Understanding the Asian economy cannot be achieved without understanding the new interrelationships and complexities that have evolved from this context, which continue to be driven by drastic changes in technological, demographic, and social structures, among others. Each of the chapters are titled based on "issues" and are framed in present continuous tense, intended to capture and emphasize the progressiveness of this new dynamism that are transforming the region in a fundamental way.

This book is open access under a CC BY-NC-ND license. This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It offers historical and contemporary case studies of transition, as well as the international background under which such a transition was successfully made (or delayed), by combining the approaches of economic history and development economics. Its aim is to identify relevant historical contexts, that is, the ‘initial conditions’ and internal and external forces which governed the transition. It also aims to understand what current low-income developing countries require for their transition. Three economic driving forces for the transition are identified. They are: (1) labor-intensive industrialization, which offers ample employment opportunities for labor force; (2) international trade, which facilitates efficient international division of labor; and (3) agricultural development, which improves food security by increasing supply of staple foods. The book presents a bold account of each driver for the transition.