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]

Hugo da Gama Cerqueira and Eduardo Albuquerque

Nova Economia, 2020, vol. 30, issue spe, 1169-1198

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 (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2020
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