Download The Politics of Developmentalism: The Midas States of by John Minns (auth.) PDF

By John Minns (auth.)

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During the Tokugawa period, there had been little conflict, hence the samurai were without function. By the middle of the nineteenth century most had given up their hereditary servants; many were impoverished. Nevertheless, they still constituted about 7% of the population. The combination of a decaying feudal structure, the threat from the West and the existence of a disaffected section of the population who were also well-schooled in the art of war was explosive. Between 1864 and 1868 civil war raged and the Tokugawa Shogun was overthrown.

20 The shortage of capital in Russia was such that domestic capital could not possibly play the leading role. But foreign capital found the state-led program very much to its liking. Foreign capital invested in Russia increased almost six times during the 1890s. 21 Much of this was in the areas which required the largest injections of capital to begin production – heavy industry. Domestic capitalists were largely left to light industry. The Witte system appeared to work in the 1890s – at least in terms of its objective of rapid industrialisation.

20 The shortage of capital in Russia was such that domestic capital could not possibly play the leading role. But foreign capital found the state-led program very much to its liking. Foreign capital invested in Russia increased almost six times during the 1890s. 21 Much of this was in the areas which required the largest injections of capital to begin production – heavy industry. Domestic capitalists were largely left to light industry. The Witte system appeared to work in the 1890s – at least in terms of its objective of rapid industrialisation.

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