CPE+F09+Class+4+China+Economy

CPE+F09+Class+4+China+Economy - Class 3: Chinas Economy...

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Class 3: China’s Economy from Yao to Mao
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Why did Europe have an industrial revolution before China?
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Alternative Explanations for China’s lack of an industrial revolution Population and Capital Stock Money Shortage Geography and Colonies
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Europe’s Protestant Work Ethic and scientific thinking, combined with a more liberal political environment promoted radical innovation. Vs. China’s Confucianism and a conservative bureaucracy stunted development. Counter-evidence Changes in Confucianism Uneven industrialization across Europe Chinese incremental innovations in late imperial era (irrigation, textile weaving, dyeing, porcelain, sanitation and clean water) Asian Values
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Population and Capital Stock Europe: decreasing fertility. Need labor efficiency Vs. China quickly growing population. “High equilibrium trap.” Counter Evidence Capital stock similar China’s population trends not fit Malthusian logic.
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CPE+F09+Class+4+China+Economy - Class 3: Chinas Economy...

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