<span>Literature</span> in the Golden Age of Islam has impacted
the world to this day. A well-known individual of this time, Averroes, avidly
translated and preserved Aristotle’s scientific observations. He also authored
his own pieces of writing on Islamic religion and philosophy. Rumi, a famous
poet, delved into a more artistic side of literature and generated poems
on passion as well as devotion to the Islamic faith; dozens of these poems are
still admired and read. Finally, one novel widely revered in the modern and
ancient world is One Thousand and One
Nights, a collection of short stories for readers.
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Japan emerged in 1853 from two and a half centuries of self-imposed peaceful isolation, but within a few decades the country’s leaders embarked on a policy of aggressive territorial expansion. During the last half of the nineteenth century, the Western imperialist powers of England, France, and Germany established the model for acquisition of colonies in Asia and for the partition of China into spheres of influence. Near the end of the century, about the same time Japan began to capture colonial territory, the United States and Russia also initiated their imperialistic expansion in Asia.This paper will examine four of the most influential theories of imperialism to determine whether they can provide explanations for Japan’s imperialism from 1894 to 1910, when Japan formally annexed Korea. The four theories to be reviewed will be Hobson's theory of domestic market underconsumption that leads to capitalists seeking profits overseas, Lenin's theory of the monopoly stage of capitalism, Schumpeter's theory of inherited warlike tendencies from prior generations, and nationalism's focus on politics as the critical factor. Although other theories of imperialism exist, these four theories cover a broad range of economic, political, and sociological factors that could explain Japan’s imperialistic expansion. This essay's review of Japan's history of imperialism from 1894 to 1910 will show that the theory of nationalism provides the best explanations of the causes of Japan's militaristic actions and colonial acquisitions, although Schumpeter's sociological-based theory seems to provide some explanation for the actions of the Meiji Period (1868-1912) leaders.</span>
Economists regard imperfect competition as undesirable because B. it allows firms to be less efficient producers.
