Publisher's Synopsis
This text presents a model of economic development in mono-cultural economies, applied largely to Japan, but also including empirical evidence from other countires.;The first part of the book is theoretical and builds on a model first expounded by Inada. The rest of the study applies the model to the Japanese economy before and after World War II.;A major feature of the book is the theory which explains the mechanism of industrial development in what was originally a subsistence economy with a very limited capitalist sector. The theory explains the surge in industrialization and/or its failure within a consistent model, which takes into account the important role of food and labour supply, and the performance of the subsistence sector.
