The Premodern Chinese Economy
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Author | : Gang Deng |
Publisher | : Routledge |
Total Pages | : 436 |
Release | : 2002-01-04 |
Genre | : Business & Economics |
ISBN | : 1134716567 |
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.
Author | : Justin Yifu Lin |
Publisher | : Cambridge University Press |
Total Pages | : 331 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 0521191807 |
An insightful account of the remarkable transition of the Chinese economy from impoverished backwater to economic powerhouse.
Author | : Richard von Glahn |
Publisher | : Cambridge University Press |
Total Pages | : |
Release | : 2016-03-07 |
Genre | : History |
ISBN | : 1316538850 |
China's extraordinary rise as an economic powerhouse in the past two decades poses a challenge to many long-held assumptions about the relationship between political institutions and economic development. Economic prosperity also was vitally important to the longevity of the Chinese Empire throughout the preindustrial era. Before the eighteenth century, China's economy shared some of the features, such as highly productive agriculture and sophisticated markets, found in the most advanced regions of Europe. But in many respects, from the central importance of irrigated rice farming to family structure, property rights, the status of merchants, the monetary system, and the imperial state's fiscal and economic policies, China's preindustrial economy diverged from the Western path of development. In this comprehensive but accessible study, Richard von Glahn examines the institutional foundations, continuities and discontinuities in China's economic development over three millennia, from the Bronze Age to the early twentieth century.
Author | : Bozhong Li |
Publisher | : Cambridge University Press |
Total Pages | : 641 |
Release | : 2021-07-15 |
Genre | : Business & Economics |
ISBN | : 1108479200 |
The first English translation of Li Bozhong's pioneering study of GDP in early modern China.
Author | : Barry Naughton |
Publisher | : MIT Press |
Total Pages | : 545 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 0262640643 |
The most comprehensive English-language overview of the modern Chinese economy, covering China's economic development since 1949 and post-1978 reforms--from industrial change and agricultural organization to science and technology.
Author | : Mark Elvin |
Publisher | : Stanford University Press |
Total Pages | : 358 |
Release | : 1973 |
Genre | : History |
ISBN | : 9780804708760 |
A satisfactory comprehensive history of the social and economic development of pre-modern China, the largest country in the world in terms of population, and with a documentary record covering three millennia, is still far from possible. The present work is only an attempt to disengage the major themes that seem to be of relevance to our understanding of China today. In particular, this volume studies three questions. Why did the Chinese Empire stay together when the Roman Empire, and every other empire of antiquity of the middle ages, ultimately collapsed? What were the causes of the medieval revolution which made the Chinese economy after about 1100 the most advanced in the world? And why did China after about 1350 fail to maintain her earlier pace of technological advance while still, in many respects, advancing economically? The three sections of the book deal with these problems in turn but the division of a subject matter is to some extent only one of convenience. These topics are so interrelated that, in the last analysis, none of them can be considered in isolation from the others.
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Author | : Maddison Angus |
Publisher | : OECD Publishing |
Total Pages | : 196 |
Release | : 1998-09-25 |
Genre | : |
ISBN | : 9264163557 |
The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.
Author | : Congressional Research Service |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 52 |
Release | : 2017-09-17 |
Genre | : |
ISBN | : 9781976466953 |
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Author | : Cheng Lin |
Publisher | : Routledge |
Total Pages | : 260 |
Release | : 2014-04-24 |
Genre | : Business & Economics |
ISBN | : 1317811798 |
This volume comprises twelve papers written by Chinese scholars on various aspects of the history of ancient Chinese economic thought. The contributions are preceded by an introduction which gives an overview of the development of the subject of history of economic thought in China, and which also provides an historical context to the individuals who constitute the major "schools" of ancient Chinese economic thought. The authors of the papers are leading scholars who have dominated this research area since the founding of New China in 1949, while the broad range of topics covered by the contributions includes questions of methodology, detailed and sometimes controversial interpretations of texts and "schools", and the international influence and modern relevance of ancient Chinese thought. A recurrent theme is that ancient Chinese thought has at least as much to offer to the historian as ancient Western thought. As the first such volume of papers to be translated into English, this collection provides a unique opportunity for non-Chinese readers to sample the way in which Chinese historians of economics have attempted to understand their own intellectual heritage. This book will be relevant to scholars interested in the history of economic thought, economic history and Chinese studies.