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The Reasons for China's Economic Stagnation During the Ming/Qing Period

The Reasons for China's Economic Stagnation During the Ming/Qing Period
Author: Christoph Butz
Publisher: GRIN Verlag
Total Pages: 17
Release: 2011-09-13
Genre: Foreign Language Study
ISBN: 3656006156

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Seminar paper from the year 2009 in the subject Orientalism / Sinology - Chinese / China, grade: 2,0, The Chinese University of Hong Kong (-), language: English, abstract: The industrial revolution in Europe, or more precisely, in Britain changed the global economy substantially. Major changes in agriculture, manufacturing, mining and transport through technological innovations led to a shift of global economic dominance from China to Europe between the 18th and 19th century. Until that point, China has been the largest and most efficient market-economy in the world, leading in agriculture, transportation and innovations. Every major contribution that led to the industrial revolution in Europe was also prevalent in China, but still the country did not do the next step forward and was overhauled by Britain quickly. The objective of this paper is to examine the reasons why an industrial revolution did not occur in China during the Ming/Qing period, although it was the leading economy in the world. Therefore, the first section will shortly outline the economic development of China before the 14th century. Thereafter, two different theories about the reasons for China’s stagnation will be explained, before a critical evaluation of both theories will be provided. Last, a conclusion will summarize the main findings of this paper and give an outlook on future debates.


The Premodern Chinese Economy

The Premodern Chinese Economy
Author: Gang Deng
Publisher: Routledge
Total Pages: 436
Release: 2002-01-04
Genre: Business & Economics
ISBN: 1134716567

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Covering the time span from the Shang to the Qing Periods (1520BC - 1911AD), Gang Deng examines important factors in the decline of the Chinese economy from medieval sophistication to modern underdevelopment. These factors include: * resource endowments * socio-economic structure * property rights * state and bureaucracy * ideology and values * geo-political environment * internal rebellions * external invasions and conquests The Premodern Chinese Economy is a comprehensive analysis of China's economic history and provides essential background to the study of this country's modern struggle for growth and development. Deng's emphasis on comparative analysis offers new insights into the concept of underdevelopment and theories of transitional economics. This will become a major reference work in the fields of Chinese studies, economic history and development studies.


The Reasons for China's Economic Stagnation During the Ming/Qing Period

The Reasons for China's Economic Stagnation During the Ming/Qing Period
Author: Christoph Butz
Publisher: GRIN Verlag
Total Pages: 33
Release: 2011-09
Genre: Language Arts & Disciplines
ISBN: 3656011036

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Seminar paper from the year 2009 in the subject Orientalism / Sinology - Chinese / China, grade: 2,0, The Chinese University of Hong Kong (-), language: English, abstract: The industrial revolution in Europe, or more precisely, in Britain changed the global economy substantially. Major changes in agriculture, manufacturing, mining and transport through technological innovations led to a shift of global economic dominance from China to Europe between the 18th and 19th century. Until that point, China has been the largest and most efficient market-economy in the world, leading in agriculture, transportation and innovations. Every major contribution that led to the industrial revolution in Europe was also prevalent in China, but still the country did not do the next step forward and was overhauled by Britain quickly. The objective of this paper is to examine the reasons why an industrial revolution did not occur in China during the Ming/Qing period, although it was the leading economy in the world. Therefore, the first section will shortly outline the economic development of China before the 14th century. Thereafter, two different theories about the reasons for China's stagnation will be explained, before a critical evaluation of both theories will be provided. Last, a conclusion will summarize the main findings of this paper and give an outlook on future debates.


Global History and New Polycentric Approaches

Global History and New Polycentric Approaches
Author: Manuel Perez Garcia
Publisher: Springer
Total Pages: 353
Release: 2017-12-06
Genre: History
ISBN: 9811040532

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This book is open access under a CC BY 4.0 license. Rethinking the ways global history is envisioned and conceptualized in diverse countries such as China, Japan, Mexico or Spain, this collections considers how global issues are connected with our local and national communities. It examines how the discipline had evolved in various historiographies, from Anglo Saxon to southern European, and its emergence in Asia with the rapid development of the Chinese economy motivation to legitimate the current uniqueness of the history and economy of the nation. It contributes to the revitalization of the field of global history in Chinese historiography, which have been dominated by national narratives and promotes a debate to open new venues in which important features such as scholarly mobility, diversity and internationalization are firmly rooted, putting aside national specificities. Dealing with new approaches on the use of empirical data by framing the proper questions and hypotheses and connecting western and eastern sources, this text opens a new forum of discussion on how global history has penetrated in western and eastern historiographies, moving the pivotal axis of analysis from national perspectives to open new venues of global history.


The Great Divergence

The Great Divergence
Author: Kenneth Pomeranz
Publisher: Princeton University Press
Total Pages: 404
Release: 2021-04-13
Genre: Business & Economics
ISBN: 0691217181

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A landmark comparative history of Europe and China that examines why the Industrial Revolution emerged in the West The Great Divergence sheds light on one of the great questions of history: Why did sustained industrial growth begin in Northwest Europe? Historian Kenneth Pomeranz shows that as recently as 1750, life expectancy, consumption, and product and factor markets were comparable in Europe and East Asia. Moreover, key regions in China and Japan were no worse off ecologically than those in Western Europe, with each region facing corresponding shortages of land-intensive products. Pomeranz’s comparative lens reveals the two critical factors resulting in Europe's nineteenth-century divergence—the fortunate location of coal and access to trade with the New World. As East Asia’s economy stagnated, Europe narrowly escaped the same fate largely due to favorable resource stocks from underground and overseas. This Princeton Classics edition includes a preface from the author and makes a powerful historical work available to new readers.


The Chinese Market Economy, 1000–1500

The Chinese Market Economy, 1000–1500
Author: William Guanglin Liu
Publisher: State University of New York Press
Total Pages: 394
Release: 2015-09-01
Genre: History
ISBN: 1438455690

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Since the economic liberalization of the 1980s, the Chinese economy has boomed and is poised to become the world's largest market economy, a position traditional China held a millennium ago. William Guanglin Liu's bold and fascinating book is the first to rely on quantitative methods to investigate the early market economy that existed in China, making use of rare market and population data produced by the Song dynasty in the eleventh century. A counterexample comes from the century around 1400 when the early Ming court deliberately turned agrarian society into a command economy system. This radical change not only shrank markets, but also caused a sharp decline in the living standards of common people. Liu's landmark study of the rise and fall of a market economy highlights important issues for contemporary China at both the empirical and theoretical levels.


Global History with Chinese Characteristics

Global History with Chinese Characteristics
Author: Manuel Perez-Garcia
Publisher: Springer Nature
Total Pages: 272
Release: 2020-11-02
Genre: History
ISBN: 9811578656

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This open access book considers a pivotal era in Chinese history from a global perspective. This book’s insight into Chinese and international history offers timely and challenging perspectives on initiatives like “Chinese characteristics”, “The New Silk Road” and “One Belt, One Road” in broad historical context. Global History with Chinese Characteristics analyses the feeble state capacity of Qing China questioning the so-called “High Qing” (shèng qīng 盛清) era’s economic prosperity as the political system was set into a “power paradox” or “supremacy dilemma”. This is a new thesis introduced by the author demonstrating that interventionist states entail weak governance. Macao and Marseille as a new case study aims to compare Mediterranean and South China markets to provide new insights into both modern eras’ rising trade networks, non-official institutions and interventionist impulses of autocratic states such as China’s Qing and Spain’s Bourbon empires.


The Cambridge History of Capitalism

The Cambridge History of Capitalism
Author: Larry Neal
Publisher: Cambridge University Press
Total Pages: 628
Release: 2014-01-23
Genre: Business & Economics
ISBN: 9781107019638

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The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global.


China 2049

China 2049
Author: David Dollar
Publisher: Brookings Institution Press
Total Pages: 444
Release: 2020-06-09
Genre: Political Science
ISBN: 0815738064

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How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.


The Qing Formation in World-Historical Time

The Qing Formation in World-Historical Time
Author: Lynn Struve
Publisher: BRILL
Total Pages: 447
Release: 2020-05-11
Genre: History
ISBN: 1684173981

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For many years, the Ming and Qing dynasties have been grouped as “late imperial China,” a temporal framework that allows scholars to identify and evaluate indigenous patterns of social, economic, and cultural change initiated in the last century of Ming rule that imparted a particular character to state and society throughout the Qing and into the twentieth century. This paradigm asserts the autonomous character of social change in China and has allowed historians to create a “China-centered history.” Recently, however, many scholars have begun emphasizing the singular qualities of the Qing. Among the eight contributors to this volume on the formation of the Qing, those who emphasize the Manchu ethos of the Qing tend to see it as part of an early modernity and stress parallel and sometimes mutually reinforcing patterns of political consolidation and cultural integration across Eurasia. Other contributors who examine the Qing formation from the perspective of those who lived through the dynastic transition see the advent of Qing rule as prompting attempts by the Chinese subjects of the new empire to make sense of what they perceived as a historical disjuncture and to rework these understandings into an accommodation to foreign rule. In contrast to the late imperial paradigm, the new ways of configuring the Qing in historical time in both groups of essays assert the singular qualities of the Qing formation.