This book studies the process of economic and industrial
development in the Republic of China (1912-1949), in the hope of
shedding light on how China came to be a comparative economic
laggard in the period, especially in comparison to Japan. Backed up
by extensive industrial statistical data gathered and rigorously
analyzed by the author, this book stands out from previous research
that has been limited to theoretical inferences and general
judgments with scarce empirical evidence. So, far from being a
purely historical review of China's industrial development, this
book focuses on the internal logic of economic phenomena,
especially the relationship among economic variables reflected in
economic data, and it offers discussions within the framework of
economic development theory. The author uses multivariate
statistical analysis to draw comparisons between the industrial
development of China and that of Japan, focusing on outbound
investment and its importance for economic growth. This book will
appeal to academics and general readers interested in the economic
development and modern economic history of East Asia, as well as
development economics and industrial and technological history.
General
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