RT Journal Article T1 Trade in the shadow of power: Japanese industrial exports in the interwar years A1 Ayuso Díaz, Alejandro A1 Tena Junguito, Antonio AB During the interwar years, Japanese industrialization accelerated alongside theexpansion of industrial exports to regional markets. Trade blocs in the interwaryears were used as an instrument of imperial power to foster exports and as asubstitute for productivity to encourage industrial production. The historiography onJapanese industrialization in the interwar years describes heavy industries’ interests inobtaining access to wider markets to increase economies of scale and reduce unit costs.However, this literature provides no quantitative evidence that proves the success ofthose mechanisms in expanding exports. In this article we scrutinize how Japan—a relatively poor country—used colonial as well as informal power interventions toexpand regional markets for its exports, especially for the most intensive humancapital sector of the industrializing economy. Our results show that Japanese exportsin 1938 would have been around one-third smaller had no empire ever existed, whichindicates an outstanding effect of empire in the international context. PB Wiley SN 0013-0117 YR 2020 FD 2020-08-01 LK https://hdl.handle.net/10016/36467 UL https://hdl.handle.net/10016/36467 LA eng NO Alejandro Ayuso-Díaz acknowledges financial support from the Spanish Ministry of Education and Sciences through the pre-doctoral scholarship FPU2016-01868 and Antonio Tena-Junguito acknowledges financial support from the Spanish Ministerio de Ciencia e Innovación, research project ECO2015/00209. DS e-Archivo RD 1 sept. 2024