Source: Okubo Toshimichi, Meiji government minister, draft proposal on the promotion of national wealth, Japan, 1874
"If we look at the countries of the world, those that are strong and wealthy have successfully encouraged manufacturing and trade... In our country, we have not yet developed these industries to a sufficient degree. Therefore, the government must take the initiative to establish factories, import machinery, and hire foreign experts. Once these industries have been shown to be profitable and stable, the government should sell or transfer them to private merchants, who will then run them."
Which of the following best explains a major difference between the process of industrialization described in the passage and the process of industrialization in Great Britain?
- AGreat Britain’s industrialization was structured around mercantilist state monopolies that banned private investment, whereas Japan’s industrialization rejected state involvement in favor of laissez-faire capitalism.
- Great Britain’s industrialization was driven primarily by private entrepreneurs and free-market forces, whereas Japan’s industrialization was initiated and heavily subsidized by the state.Answer
- CGreat Britain’s industrialization was initially centered on the development of electricity and chemical industries, whereas Japan’s early industrialization focused on steam-powered textile mills.
- DGreat Britain’s industrialization was sustained by the direct political annexation and colonial administration of Japan, whereas Japan’s industrialization was funded by agricultural exports to neighboring colonies.