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China and the first impact of the industrial revolution: initial conditions and a falling-behind trajectory until 1949 [China e o impacto inicial da revolução industrial: condições iniciais e trajetória posterior de baixo crescimento até 1949]

Author

Listed:
  • Hugo Eduardo da Gama Cerqueira

    (CEDEPLAR, UFMG)

  • Eduardo da Motta e Albuquerque

    (CEDEPLAR, UFMG)

Abstract

This paper discusses the specificity of the initial impact of the British Industrial Revolution on China´s economy. This approach is important to a better understanding of the nature of the beginnings of capitalism in that country, a process which was both intentionally and unintentionally influenced by the contacts between UK and China. These early conditions contributed towards defining the subsequent course of the Chinese economy, leading to a low-growth trap experienced between about 1870 and 1950.

Suggested Citation

  • Hugo Eduardo da Gama Cerqueira & Eduardo da Motta e Albuquerque, 2020. "China and the first impact of the industrial revolution: initial conditions and a falling-behind trajectory until 1949 [China e o impacto inicial da revolução industrial: condições iniciais e trajetór," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 30(spe), pages 1169-1198, December.
    • Handle: RePEc:nov:artigo:v:30:y:2020:i:spe:p:1169-1198
    as

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    References listed on IDEAS

    as
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    3. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
    4. Perkins, Dwight H., 1967. "Government as an Obstacle to Industrialization: The Case of Nineteenth-Century China," The Journal of Economic History, Cambridge University Press, vol. 27(4), pages 478-492, December.
    5. Robert C. Allen, 2017. "Lessons from history for the future of work," Nature, Nature, vol. 550(7676), pages 321-324, October.
    6. Ma, Debin, 2008. "Economic Growth in the Lower Yangzi Region of China in 1911–1937: A Quantitative and Historical Analysis," The Journal of Economic History, Cambridge University Press, vol. 68(2), pages 355-392, June.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    China; Industrial Revolution; nature of Chinese economy; low-growth trap;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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