The Historic Economy of China

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This is China: the second-largest economy in the world, home to the largest population in the world, and the most aggressive economic expansion in modern history.

Most people watching this video now would have seen China go from a collection of mostly peasant farmers into the economic powerhouse it is today within their lifetimes.

The economic development of China has amongst other things also contributed heavily to the massive drop in absolute global poverty we have seen today.

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📚 Want to learn more about the economy of China? We recommend reading "Understanding China: A Guide to China's Economy, History, and Political Culture", by John Starr
👉 https://amzn.to/2XIeLN5 (as an Amazon Associate, we earn from qualifying purchases)

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Sources & Citations -

Nee, V., 1992. Organizational dynamics of market transition: Hybrid forms, property rights, and mixed economy in China. Administrative science quarterly

Chai, J.C., 1998. China: Transition to a market economy. OUP Catalogue

The annual data of China's GDP published on China NBS: National data – annual – national accounts – Cross Domestic Product Archived 14 June 2018

Chi-Yun, C.H.E.N., 2005. Han Dynasty China: Economy, Society, and State Power--A Review of Cho-Yun Hsu, Han Agriculture: The Formation of Early Chinese Agrarian Economy

Cheung, Y.W., Lai, K.S., and Bergman, M., 2004. Dissecting the PPP puzzle: the unconventional roles of the nominal exchange rate and price adjustments. Journal of International Economics

Schurmann, F., 1973. Ideology and organization in communist China. Univ of California Press

Chang, J.K., 1969. Industrial Development in Pre-Communist China: A Quantitative Analysis. Aldine Publishing Company

Music: Chinese Pop Songs Piano ~ Relaxing Piano Music - youtu.be/w2X1dtPScpI

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Видео The Historic Economy of China канала Economics Explained