William D. Wray presents an in-depth analysis of the origins and institutional growth prior to World War I of Mitsubishi, today Japan's largest industrial group, and the Nippon Yusen Kaisha (NYK), now the world's leading shipping enterprise. The study, however, is much more than a history of two companies. It provides extensive analysis od decision-making in the Meiji government, the finances of the Imperial House, trading strategies, international commercial diplomacy, and the shipping industry's response to war.

Newly revised and updated, "The Rise of Modern Business" compares and analyzes the development of business and business institutions in Great Britain, the United States, Japan, and, to a lesser extent, Germany from the preindustrial era to the present, wi

This volume explores commercial relations between the United States and China from the eighteenth century until 1949, fleshing out with facts the romantic and shadowy image of "the China trade." These nine chapters by specialists in the field have developed from papers they presented at a conference supported by the national Committee on American-East Asian Relations. The work begins with an Introduction by John K. Fairbank, then moves on to analysis of the old China trade up to the American Civil War, centering on traditional Chinese exports of tea and silk. A second section deals with American imports into China--cotton textiles and textile-related goods, cigarettes, kerosene. Finally, the impact of the trade on both countries is assessed and the operations of American-owned and multinational companies in China are examined. For both the United States and China, the economic importance of the trade proves to have been less than the legend might suggest.

Annotation Like its predecessor, this important new work is focused on the connection between trade and investment on the one hand and U.S. foreign policy on the other. David Pletcher describes the trade of the United States with the Far East, the islands of the Pacific, and the northwest coast of North America from 1784 (the year of the first American trading expedition to China) to 1844 (the year of the first trade treaty with China, followed immediately by the U.S. acquisition of Oregon and California). He then traces the growth of trade and investment in Alaska, Hawaii, and the South Pacific from 1844 to 1890 and proceeds to do the same for China, Japan, and Korea. In the ensuing chapters, Pletcher covers the 1890s, including the annexation of Hawaii, the Sino-Japanese War, the acquisition of the Philippines, and the Open Door policy in China. He concludes that the American expansion across the Pacific and into the Far East was not a deliberate, consistent drive for economic hegemony but a halting, experimental, improvised movement, carried out against determined opposition and indifference and dotted with setbacks and failures. Providing his own judgments about the wisdom and effectiveness of America's new endeavors, Pletcher summarizes the problems and handicaps involved, demonstrating that errors of the twentieth century were at least partly the result of poor preparation in the 1880s and 1890s. Touching on every place where Americans undertook significant economic activity, The Diplomacy of Involvementwill be an important aid for seasoned scholars, as well as an excellent introduction for the novice

This major new volume presents innovative recent scholarship on Japan's modern history, including its imperial past and transregional entanglements. An international team of leading scholars offer accessible and thought-provoking essays that present an expansive global vision of the archipelago's history from c. 1868 to the twenty-first century. Japan was the first non-Western society to become a modern nation and empire, to industrialize, and to deliver a high standard of living to virtually all its citizens, capturing international attention ever since. These Japanese efforts to reshape global hierarchies powered a variety of debates and conflicts, both at home and with people and places beyond Japan's shores. Drawing on the latest Japanese and English-language scholarship, this volume highlights Japan's distinctive and fast-changing history.