China and the first impact of the industrial revolution: initial conditions and a falling-behind trajectory until 1949

Authors

Abstract

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.

Keywords China, Industrial Revolution, nature of Chinese economy, low-growth trap

JEL Codes O30

Author Biography

Hugo Eduardo da Gama Cerqueira, Centro de Desenvolvimento e Planejamento Regional, Universidade Federal de Minas Gerais, Belo Horizonte, MG, Brasil.

Professor do Departamento de Ciências Econômicas da FACE-UFMG

Downloads

Published

2021-03-29

How to Cite

CERQUEIRA, H. E. da G.; ALBUQUERQUE, E. da M. e. China and the first impact of the industrial revolution: initial conditions and a falling-behind trajectory until 1949. Nova Economia, [S. l.], v. 30, n. Especial, p. 1169–1198, 2021. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6193. Acesso em: 23 dec. 2024.

Issue

Vol. 30 No. Especial (2020): Special Issue "Middle Income Traps"

Section

Special Issue

License

Copyright (c) 2021 Hugo Eduardo da Gama Cerqueira, Eduardo da Motta e Albuquerque

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).