Until 500 years ago China's technology was the most advanced in
Eurasia and as recently as 200 years ago its standards of living
surpassed those of most other civilizations. However, the economies
of the West and smaller developing countries then overtook the
Chinese economy. China had reached its developmental limits and
deadlock set in. Covering the time span from the Shang to the Qing
Periods (1520BC - 1911AD), Gang Deng examines important factors in
the decline of the Chinese economy from medieval sophistication to
modern underdevelopment. These factors include: resource
endowments; socio-economic structure; property rights; state and
bureaucracy; ideology and values; geo-political environment;
internal rebellions; external invasions and conquests. This is a
comprehensive analysis of China's economic history and provides
background to the study of this country's modern struggle for
growth and development. Deng's emphasis on comparative analysis
offers insights into the concept of underdevelopment and theories
of transitional economics. This should become a major reference
work in the fields of Chinese studies, economic history and
development studies.
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