IDEAS home Printed from https://ideas.repec.org/a/bla/pacecr/v13y2008i3p320-357.html
   My bibliography  Save this article

Miracle Or Mirage? Foreign Silver, China'S Economy And Globalization From The Sixteenth To The Nineteenth Centuries

Author

Listed:
  • Kent G. Deng

Abstract

. Ming–Qing China has been seen as positioned at the very centre of the process of early globalization partly due to China's huge appetite for foreign silver for its own commercialization. The findings of this study challenge this view head on by showing that not only did China not import and use nearly as much foreign silver as commonly imagined, silver moved into and also out of China. It served at best as a secondary currency and often worked on a barter basis. The sector which retained the lion's share was the pawnshop for short‐term credit mainly for consumption.

Suggested Citation

  • Kent G. Deng, 2008. "Miracle Or Mirage? Foreign Silver, China'S Economy And Globalization From The Sixteenth To The Nineteenth Centuries," Pacific Economic Review, Wiley Blackwell, vol. 13(3), pages 320-357, August.
    • Handle: RePEc:bla:pacecr:v:13:y:2008:i:3:p:320-357
    DOI: 10.1111/j.1468-0106.2008.00404.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-0106.2008.00404.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-0106.2008.00404.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. O’Brien, Patrick, 2006. "Historiographical traditions and modern imperatives for the restoration of global history," Journal of Global History, Cambridge University Press, vol. 1(1), pages 3-39, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Deng, Kent & O'Brien, Patrick, 2021. "The Kuznetsian paradigm for the study of modern economic history and the Great Divergence with appendices of literature review and statistical data," Economic History Working Papers 108563, London School of Economics and Political Science, Department of Economic History.
    2. Jacques Melitz, 2019. "Some Doubts about the Economic Analysis of the Flow of Silver to China in 1550–1820," Open Economies Review, Springer, vol. 30(1), pages 105-131, February.
    3. Tuan-Hwee Sng & Chiaki Moriguchi, 2014. "Asia’s little divergence: state capacity in China and Japan before 1850," Journal of Economic Growth, Springer, vol. 19(4), pages 439-470, December.
    4. Sng, Tuan-Hwee & Moriguchi, Chiaki, 2013. "Taxation and Public Goods Provision in China and Japan before 1850," PRIMCED Discussion Paper Series 35, Institute of Economic Research, Hitotsubashi University.
    5. Liu, Ziang, 2024. "Wages, labour markets, and living standards in China, 1530–1840," Explorations in Economic History, Elsevier, vol. 92(C).
    6. Hongjun Zhao, 2016. "American Silver Inflow and the Price Revolution in Qing China," Review of Development Economics, Wiley Blackwell, vol. 20(1), pages 294-305, February.
    7. Iris Claus & Les Oxley & Kent Deng, 2014. "A Survey Of Recent Research In Chinese Economic History," Journal of Economic Surveys, Wiley Blackwell, vol. 28(4), pages 600-616, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guimel Hernández-Garay, 2018. "Consumption of Chinese silk fabrics in Marseille and Seville, 1680 – 1840," Working Papers 18.01, Universidad Pablo de Olavide, Department of Economics, Quantitative Methods and Economic History.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:pacecr:v:13:y:2008:i:3:p:320-357. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1361-374X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.