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The Chinese economy 1911-1948 - Book Report/Review Example

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 In writer view, the period between 1911 and 1948 represented the initial growth of the Chinese economy which was altered by the war. The period between 1911 and 1936 represented a period of gradual development in all sectors leading to a rise in the economy…
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The Chinese economy 1911-1948
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The Chinese economy 1911-1948

Download file to see previous pages... This was after the collapse of the Qing dynasty and the 1911 revolution. In the period 1912-1937, the economy of China improved steadily due to the rapid pace of industrialization experienced.  There were two distinct industrialization patterns noted during this period, “Treaty Port Industrialization” and “Manchurian Industrialization”. Treaty Port Industrialization was the dominant industrialization pattern inside the Great Wall of China. This pattern concentrated on light, consumer-goods industries such as textile and food industries. It was started by foreigners but the Chinese quickly started deploying the same pattern. Manchurian Industrialization emerged in Manchuria where investment was carried out mainly by the Japanese Government and quasi-official affiliates of the Japanese government.  In this pattern, development focused mainly on heavy roads and railroads. The Manchurian industry accounted for a small part of the total output but its value-added was much bigger since heavy industries are of greater importance with their higher ratio of net to gross output. The growth of modern sector in 1920s and 1930s had positive impacts on the traditional sectors. There was increased demand from modern sectors, growing cities and increasing trade. The was positive growth o the most traditional sectors in the period between 1914 and 1936. There was a significant rise in the GDP per capita over the period.  The society during this period, was laying basis for future development.   ...Download file to see next pagesRead More
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