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Thinking on Transferring the Surplus Workforce in an Agricultural Society

In: Westernization Movement and Early Thought of Modernization in China

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  • Jianbo Zhou

    (Peking University)

Abstract

In the history of the world economy, the emergence of a new industry has always led to eliminating old industries. The key problem was how to transfer the workforce from old industries to new industries. In general, if the industrial structure develops naturally, the cost of structural transformation will be lower because people have a comparatively long period to adapt. In contrast, if the structural transformation of society is oppressed by its external forces instead of its internal development, it will be difficult for people to reach consensus quickly because they lack sufficient time to adapt. This will lengthen the process of economic structure transformation and increase the cost thereof. Unfortunately, the transformation of the economic structure in China’s self-strengthening movement took the form of the latter. The Westernization Movement paid too much to garner society’s support for their reform proposals.

Suggested Citation

  • Jianbo Zhou, 2022. "Thinking on Transferring the Surplus Workforce in an Agricultural Society," Palgrave Studies in Economic History, in: Westernization Movement and Early Thought of Modernization in China, chapter 0, pages 293-305, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-86985-4_16
    DOI: 10.1007/978-3-030-86985-4_16
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