Chinese economic performance in the long run pdf

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All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser. Open Advanced Search. DeepDyve requires Javascript to function. Please enable Javascript on your browser to continue. Chinese economic performance in the long run, second edition, revised and updated, — AD — By Angus Maddison Chinese economic performance in the long run, second edition, revised and updated, — AD — Deng, Kent G.

Read Article. Download PDF. They settled farmers in promising new regions. They developed a public granary system to mitigate famines. They fostered innovation by introducing early ripening seeds which eventually permitted double or triple cropping. Agricultural practice compensated for land shortage by intensive use of labour, irrigation and natural fertilisers. Land was under continuous cultivation, without fallow. The need for fodder crops and grazing land was minimal.

Livestock was concentrated on scavengers pigs and poultry. Beef, milk and wool consumption were rare. The protein supply was augmented by widespread practice of small—scale aquaculture. Agriculture operated in an institutional order, which was efficient in its allocation of resources and was able to respond to population pressure by raising land productivity. Landlords were largely non—managerial rentiers. Production and managerial decisions were made by tenants and peasant proprietors who could buy and sell land freely and sell their products in local markets.

Chinese Economic Performance in the Long Run China now plays a much bigger role in the world economy and its importance is likely to increase further. Reasons for Taking a Long View In order to understand contemporary China it is useful to take a long comparative perspective.

He provides a detailed analysis of the development of the Chinese economy over the past millennium and the prospects for the next quarter century.

In many respects China is exceptional. It is and has been a larger political unit than any other, as described by his own words Angus Maddison,—; page His work has deepened immeasurably our understanding of the long-term growth of the Chinese economy — the challenges that were met and the opportunities that were missed. For the developing nation like Africa, the book could immerse with basic economic performance to draw attention to the need in recognizing potential weaknesses in our own performance related to growth in China.

The purpose of this review is therefore, to evaluate how Angus Maddison analyses the performance of the Chinese economy over the past millennium and to draw some lessons from its rise and decline.

The paper tries to summaries his findings and provide some argument on his remarkable works. The first is part is the brief summery of the content based on the central idea of the book. The second part is the analysis and the evaluation of the book and finally the conclusion of the review will be presented consecutively. If so what is the purpose for his long run view? Maddison provide five important reason for why he considers the long run comparatives analysis of Chinese economic growth.

His first reason was the exceptionality of the Chinese political and economic realities. His motives to provide new perspectives on the nature and causes of economic growth also forced him to consider the long run comparative analysis.

His third reason to consider the long run view was the various structural transformation seen over a long period. Finally, he was inspired to show us the impacts of pioneer bureaucratic mode of governance on the development of a nation. The first, which is long, very complex but basic for the analysis is the Chinese performance from the ninth to Maoist era, the second is the period of the Maoist transformation era and the last one is the reformist era, where he tried to show the determinant factors that played a great role for the rise of china.

The first part of the book glowed out that, before West Europe over took the leadership, China built a modern bureaucracy whose economic impact was negative hindrance on Commerce and industrial bourgeoisie but positive on agricultural development which were operated in institutional order.

Angus Madison provide a detailed analysis on how Chinese ruler build a powerful bureaucracy on the basics of confusion classics to impose social and political order to maintain its unitary states.