<Articles>The New Four-Power Consortium and Japan's International Financiers : The Logic of International Cooperation and Its Limitations

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  • <論説>新四国借款団と国際金融家 : 国際協調主義の論理と限界
  • 新四国借款団と国際金融家--国際協調主義の論理と限界
  • シン 4コク シャッカンダン ト コクサイ キンユウカ コクサイ キョウチョウ シュギ ノ ロンリ ト ゲンカイ

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In 1920, when the new Four-Power Consortium was formed by Britain, the United States, France and Japan, it was only after enumerating its special interests in Manchuria that the Japanese government decided to participate. In this essay I examine the role of Japan's international financiers in the Consortium and point out the logic behind their partnership and its limitations. International financiers, particularly those of the Yokohama Specie Bank, criticized their government for not relinquishing its special interests and made great efforts towards establishing cooperation with the other powers. At the same time, their aim was to stabilize the international economy which would in turn ensure profits for their businesses. Their diplomacy took as its frame of reference the "civilization standard", those socio-cultural values they shared with their Western counterparts. While providing the common ground for the Consortium this elitist universalism was indifferent to, if not incompatible with, popular nationalism. Not surprisingly the Consortium found itself out of step with the changing international politics of the postwar era.

Journal

  • 史林

    史林 84 (2), 268-297, 2001-03-01

    THE SHIGAKU KENKYUKAI (The Society of Historical Research), Kyoto University

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