ABSTRACT
Two disgruntled nations, Japan and Italy, have lately acquired large colonial possessions. They had been among the less-favoured countries so far. Their internal natural resources are scanty, their population dense (355 per square mile in Italy and 469 per square mile in Japan) and their people are industrious, skilful, and frugal; they are content with a comparatively low standard of comfort, but have little room at home for expansion.
