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Shanghai-based industrialization in the early 20th century: a quantitative and institutional analysis

Ma, Debin (2006) Shanghai-based industrialization in the early 20th century: a quantitative and institutional analysis. Working Papers of the Global Economic History Network (GEHN), 18/06. Department of Economic History, London School of Economics and Political Science, London, UK.

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Abstract

A significant but uneven spurt of industrialization started in China during the first three decades of the 20th century at a time of political instability and national disintegration. This article argues that economic growth during this period was closely associated with the rise and expansion of major treaty ports designated under the Western imperialist framework. I focus on the political institutions of a city-state adopted in early 20th century Shanghai – the rule of law, secure property rights and provision of public goods – as a crucial determinant to such growth. Using a historical GDP framework, this paper shows that the Shanghai-based industrialization exerted a significant quantitative impact on her immediate hinterland, the Lower Yangzi region. Per capita income in the two Lower Yangzi provinces was 64% higher than China’s national average, and it had experienced a magnitude of growth and structural change between 1914/18 and 1931/36 comparable to contemporaneous Japan and her East Asian colonies.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/collections/economicHistory/
Additional Information: © 2006 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD2329 Industrialization
D History General and Old World > DS Asia
D History General and Old World > D History (General) > D204 Modern History
Sets: Departments > Economic History
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 18/06
Date Deposited: 04 Feb 2009 11:52
URL: http://eprints.lse.ac.uk/22473/

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