Book contents
- The Cambridge World HistoryVolume VII
- The Cambridge World History
- Production, Destruction, and Connection, 1750–Present
- Copyright page
- Contents
- Figures
- Maps
- Tables
- Contributors
- Preface
- 1 Production, destruction, and connection, 1750–present: introduction
- Part I Material matrices
- Part II Population and disease
- Part III Politics
- Part IV World regions
- 18 The Middle East in world history since 1750
- 19 East Asia in world history, 1750–21st century
- 20 Latin America in world history
- 21 Africa in world history
- 22 The United States in world history since the 1750s
- 23 The economic history of the Pacific
- Index
- References
23 - The economic history of the Pacific
from Part IV - World regions
Published online by Cambridge University Press: 05 May 2015
By
Book contents
- The Cambridge World HistoryVolume VII
- The Cambridge World History
- Production, Destruction, and Connection, 1750–Present
- Copyright page
- Contents
- Figures
- Maps
- Tables
- Contributors
- Preface
- 1 Production, destruction, and connection, 1750–present: introduction
- Part I Material matrices
- Part II Population and disease
- Part III Politics
- Part IV World regions
- 18 The Middle East in world history since 1750
- 19 East Asia in world history, 1750–21st century
- 20 Latin America in world history
- 21 Africa in world history
- 22 The United States in world history since the 1750s
- 23 The economic history of the Pacific
- Index
- References
Summary
In the three centuries after Vasco da Gama made the first direct voyage from Europe to India in 1499, the value of world trade grew by 1 per cent per annum. This chapter focuses on demand and supply shifts and the removal of obstructions to trade in three countries: China, Japan and the USA. Japanese commercial and trading activity, agricultural productivity and levels of nutrition and life expectancy were comparable with that of Europe. Americans at first tended to see East Asia through European eyes, lying at 'the eastern extremity of the globe' as a Boston merchant put it. Asian markets took increasing quantities of Japanese-manufactured consumer goods in exchange for agricultural products. During the Cold War Japan continued to focus on labour-intensive industries that were efficient due to a high-quality workforce and economy of resource use. The growth of trade in the Pacific was not a benign or frictionless process.
Keywords
- Type
- Chapter
- Information
- The Cambridge World History , pp. 611 - 631Publisher: Cambridge University PressPrint publication year: 2015
References
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