Deng, Kent 
ORCID: 0000-0002-9795-3646
(2008)
Miracle or mirage? Foreign silver, China’s economy and globalisation of the sixteen to nineteenth centuries.
Pacific Economic Review, 13 (3).
pp. 320-357.
ISSN 1468-0106
Abstract
Ming–Qing China has been seen as positioned at the very centre of the process of early globalization partly due to China's huge appetite for foreign silver for its own commercialization. The findings of this study challenge this view head on by showing that not only did China not import and use nearly as much foreign silver as commonly imagined, silver moved into and also out of China. It served at best as a secondary currency and often worked on a barter basis. The sector which retained the lion's share was the pawnshop for short-term credit mainly for consumption.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.wiley.com/bw/journal.asp?ref=1361-374x |
| Additional Information: | © 2008 Blackwell Publishing Asia Pty Ltd |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions D History General and Old World > DS Asia |
| Date Deposited: | 06 Feb 2009 11:26 |
| Last Modified: | 11 Dec 2024 23:18 |
| URI: | http://eprints.lse.ac.uk/id/eprint/22575 |
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