To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure no-reply@cambridge.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Chapter 3 addresses one of the most fundamental issues in war: how to pay for it. In Southeast Asia, the main Japanese strategy was to print money. That effectively shifted the costs of being occupied onto Southeast Asians. The chapter investigates why rapid monetary expansion caused less inflation than could have been expected and true hyperinflation only near the end of the war.
Chapter 1 deals with two main topics. One is to assess the reasons for the outbreak of war in the Pacific. Japanese economic motivations for war as an investment in building a Greater East Asia Co-Prosperity Sphere are given particular weight. Second, the chapter analyzes Japan’s economic plans for Southeast Asia at the outset of occupation, how these changed as the war turned against Japan, and the implications for Southeast Asia of Japanese military reversals and heavy merchant shipping losses. Emphasis is placed on Japanese economic weakness compared to American and it is concluded that Japan had no prospect of winning a Pacific War and only limited chances of securing a favourable negotiated peace.
One of the greatest hopes and expectations that accompanied American colonialism – from its earliest incarnation – was that Atlantic settlers would be able to locate new sources of raw silk, with which to satiate the boundless desire for luxurious fabrics in European markets. However, in spite of the great upheavals and achievements of Atlantic plantation, this ambition would never be fulfilled. By taking the commercial failure of silk seriously and examining numerous experiments across New Spain, New France, British North America and the early United States, Ben Marsh reveals new insights into aspiration, labour, environment, and economy in these societies. Each devised its own dreams and plans of cultivation, framed by the particularities of cultures and landscapes. Writ large, these dreams would unravel one by one: the attempts to introduce silkworms across the Atlantic world ultimately constituted a step too far, marking out the limits of Europeans' seemingly unbounded power.
From December 1941, Japan, as part of its plan to build an East Asian empire and secure oil supplies essential for war in the Pacific, swiftly took control of Southeast Asia. Japanese occupation had a devastating economic impact on the region. Japan imposed country and later regional autarky on Southeast Asia, dictated that the region finance its own occupation, and sent almost no consumer goods. GDP fell by half everywhere in Southeast Asia except Thailand. Famine and forced labour accounted for most of the 4.4 million Southeast Asian civilian deaths under Japanese occupation. In this ground-breaking new study, Gregg Huff provides the first comprehensive account of the economies and societies of Southeast Asia during the 1941-1945 Japanese occupation. Drawing on materials from 25 archives over three continents, his economic, social and historical analysis presents a new understanding of Southeast Asian history and development before, during and after the Pacific War.
The global expansion of British insurers in the nineteenth century has been a feature of insurance history that has highlighted the strategic nature of the multinational enterprise (MNE). The growth of the Australian colonies from the mid-nineteenth century attracted the interest of these overseas insurers. This article considers the challenges these firms faced and the way in which these trials were overcome. Effective networks were important in establishing a market presence in the Australian colonies. A combination of enterprise, luck, and resilience assisted in building these links. The experience of British insurers in the colonies sheds light on the processes of MNE expansion into markets beyond their range of tacit knowledge and expertise.
This article examines the strategies employed by multinational banks to mitigate political risk following the onset of revolution in their host countries during the early twentieth century. It does so by exploring the activities of multinational banks in China during the Revolution of 1911 and its aftermath. This article first describes the measures that multinational banks took to maintain China's credit on foreign bond markets after the outbreak of revolution. It then examines how these bankers curtailed political instability by first withdrawing financial support from both the Qing government and the revolutionaries and then providing financial assistance to the new Chinese Republican government.
German corporations are characterized as having been adaptable in the face of numerous traumatizing events during the twentieth century. This article explores how firms adapted their accounting information systems during the hyperinflation of the 1920s. It suggests that responses to the crisis focused on system elements identified as key to continuing operations. Initially, firms amended selling and purchasing arrangements, modified financial reporting, and shifted managerial reporting to nonmonetary information. As inflation accelerated, human resources were diverted to maintaining critical functions, especially those related to remunerating labor. While some elements of accounting systems fell into disrepair, there were also examples of innovation.
This article examines the 1968 decision by the French mineral water company Vittel to use PVC packaging for its main product. This was the first time this type of packaging had been used for a mainstream consumer product. By examining the causes, manifestations, and consequences of this business decision, it aims to show how this model has spread and contributed to the creation of an environmentally damaging waste regime by abandoning deposit systems. The article also seeks to show, through this case, the importance of identifying social and institutional contexts to understand the trajectory of consumer products.