Summary and Conclusions
Summary and Conclusions
This concluding chapter summarizes the records of capital formation and economic transformation during the 70-year period, and examines the net gains and losses of Korea's path between 1876 and 1945 for Koreans. It considers certain scenarios that may have occurred if history took a different turn from what actually took place. For instance, what would have been the prospects for capital formation, economic development, and structural change for Korea had Japan not colonized it? Was it worthwhile for Koreans to have substantial capital formation and speedier economic development and transformation under Japanese colonial rule? The findings in this study go beyond Koreans and their economy under Japanese rule; Japanese imperialism and colonial rule of Korea obviously had major economic and political implications on Japan and Japanese.
Keywords: net gains, net losses, independent state, Japanese imperialism, colonial rule
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