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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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    4. 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.
    5. Brandt, Loren & Ma, Debin & Rawski, Thomas G., 2016. "Industrialization in China," IZA Discussion Papers 10096, Institute of Labor Economics (IZA).
    6. Rawski, Thomas G., 1979. "Economic growth and employment in China," World Development, Elsevier, vol. 7(8-9), pages 767-782.
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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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