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The development of capitalism in Russia was rapid as well. In fact Russia achieved nearly the same results as "old Europe" but in several decades, while for European states it took centuries. The reforms that occurred in state's system had liberalized the country, made it open for foreign investors and established civil liberties. Still peasants didn't get any advantages from the reform, if not taking into consideration personal liberty, but still they were dependent as their land belonged to landowners, former serf-owners. Feudal survivals in agricultural sphere prevented developed of farming, and progress in agriculture was not so obvious as it was in industry. In fact, Russia, which was known as "granary" of Europe, lost its positions, as it had to compete with cheap wheat of Argentina, Canada and the U.S.A. From another side rapid development of industry was not gradual, as it divided country into predominantly industrial regions and predominantly agricultural. Southern part of Russian Empire (Ukraine) and coastal regions of the Black sea were rapidly industrialized as they were rich in coal and iron. The development of metallurgy, machine building was the main article of country's export, industry was developed in St. Petersburg region and Moscow as well. In all the rest regions the development of industry was not observed in such rapid temper. Russia's capitalism was different from Japanese, as import of foreign capital to the country dominated over capital's export; most of Russian objects of industry belonged to German, French and English businessmen. The lack of effective means of communications and transportation system also prevented from general country's development, making Siberia and eastern borders of empire outdated and economically backward. Russian government didn't assist national business, which resulted Russia's dependence on European super-states, turning it into developing state, a raw materials supplier of the West.

That's why we can make a conclusion that even though capitalism and modernization in Japan were made by conservative methods, they achieved greater results both in economical growth and military strength. Japan's geographical position, it's relatively small territory and wide coastline caused it's favorable economic position as well making it open either for Asian markets or for developing pacific markets of the U.S.A. Russia had economical orientation only to Europe.

Military backwardness of Russian army, of state's ineffective government and isolation of its eastern territories caused it's defeat in the war with Japan in 1904-1905, making Japan the only dominant power in the region with permanent presence of the Asian continent.