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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Kawakatsu Heita
Great Britain was "the first industrial nation" in the world, while Japan played that role in Asia. It is well-known that the cotton industry played a vital role in the industrialization of both countries. What concerns us most is the challenge that Japan faced by opening its market to British cotton goods in the middle of the 19th century and its successful response to the "workshop of the world," eventually overtaking the British cotton industry in the world market share by the middle of the last century. It must be noted that, before the late Middle Ages, no cotton industry ...