Chapter

The Sprouts of Capitalism

David Faure

in China and Capitalism

Published by Hong Kong University Press

Published in print January 2006 | ISBN: 9789622097834
Published online September 2011 | e-ISBN: 9789882206694 | DOI: http://dx.doi.org/10.5790/hongkong/9789622097834.003.0002
The Sprouts of Capitalism

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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

Chapter.  5560 words. 

Subjects: Business and Management

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