The Sprouts of Capitalism
The Sprouts of Capitalism
This chapter describes how business was conducted under the late imperial regime. It also considers China's encounter with capitalism, focusing on the history of the application of the institutions which enabled capital to impact on the economy. It also explains how China diverged from the West, why the Chinese economy was so successful in the eighteenth century, and why it suffered so greatly in the nineteenth and twentieth centuries.
Keywords: business, late imperial regime, capitalism, capital, Chinese economy
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