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The Treaty Port Economy in Modern China

Empirical Studies of Institutional Change and Economic Performance

by Billy K. L. So (Editor), Ramon Myers (Editor)
Price: $32.00 / £27.00
Publication Date: Aug 2011
Publisher:
Institute of East Asian Studies, University of California Berkeley
Imprint: Institute of East Asian Studies, University of California Berkeley
Title Details:
Rights: World
Pages: 284
ISBN: 9781557290991
Trim Size: 6 x 9
Series:
  • China Research Monograph

About the Book

The eight empirical studies presented in this volume illustrate the complex relationship of institutional change and higher efficiency economic performance within the historical context of modern China. Together they suggest what an institutional approach can offer in assessing China's long-term economic development. These studies also suggest how the discourse on institution and performance can be informed by specific case studies on China.

About the Author

Billy Kee-long So ??? is currently head and chair professor of the Division of Humanities at the Hong Kong University of Science and Technology. His research interests include Chinese legal history and culture, Chinese business history and culture, and the institutional economic history of late Qing and Republican China.
Education: B.A., The Chinese University of Hong Kong; M.A., The Chinese University of Hong Kong; Ph.D., Australian National University

Ramon H. Myers was a senior fellow at the Hoover Institution, Stanford University. His scholarship and public policy interests included Chinese economic history, Japanese imperialism, Taiwanese history, and Asian international relations. He is the author of The Chinese Peasant Economy (Harvard University Press, 1970), The Chinese Economy, Past and Present (Wadsworth Press, 1978), and co-editor of The Treaty Port Economy in Modern China (Institute of East Asian Studies, 2011). He passed away in fall 2015. 
Education: Ph.D., Economics, University of Washington

Table of Contents

Acknowledgments – xii
Contributors – ix

1. Modern China's Treaty Port Economy in Institutional Perspective: An Introductory Essay – 1
    Billy K.L. So

PART ONE: Institutional Change and Economic Growth

2. The Rise of Modern Shanghai: 1900–1936: An Institutional Perspective – 33
    Debin Ma

3. The Shanghai Real Estate Market and Capital Investment, 1860–1936 – 47
    Tomoko Shiroyama

4. The Rice and Wheat Flour Market Economies in the Lower Yangzi, 1900–1936 – 75
    Kai-yiu Chan

5. The Regional Development of Wei County's Cotton Textile Market Economy, 1920–1937 – 96
    Hon-ming Yip

6. Chinese Farmer Rationality and the Agrarian Economy of the Lower Yangzi in the 1930s – 118
    James Kai-sing Kung, Daniel Yiu-fai Lee, and Nansheng Bai

PART TWO: Dynamics in Institutional Change

7. Traditional Land Rights in Hong Kong's New Territories – 147
    Kentaro Matsubara

8. Chinese Enterprises across Cultures: The Hong Kong Business Experience in the Early Twentieth Century – 172
    Stephanie Po-yin Chung

9. Legalization of Chinese Corporation, 1904–1929: Innovation and Continuity in Rules and Legislation – 186
    Billy K.L. So and Albert S. Lee

Bibliography – 211

Index – 249

Reviews

“Where previous generations of researchers sought to account for China's failures, we now face the novel problem of explaining massive success. This volume offers a timely reappraisal of circumstances in China's treaty ports, one of many legacies underpinning today's economic boom. The emphasis on institutions, a topic that recent studies tend to sidestep, adds to the value of the lively empirical studies of this new book."—Thomas G. Rawski, University of Pittsburgh

"These studies of institutional changes in China's treaty port economies introduce the challenges and potential payoffs of understanding how institutions affect economic performance. With rich and diverse empirircal material, they provide perspective on more recent Chinese economic reforms and the ways in which economic growth need neither intend nor result in prosperity for all."—R. Bin Wong, University of California, Los Angeles

"The edited volume under review here is one of the most important to have been published on China's pre-war economy in recent years. Readers wary of this genre will be pleasantly surprised, since this compilation of studies penned by different scholars is a far cry from the all-too-common re-hashed conference proceedings. Rather, as the title suggests, the volume integrates much newly mined empirical evidence with intelligent analyses, and features numerous mutually-complementary insights into hitherto neglected aspects of the Treaty Port microcosm." —Niv Horesh, University of Western Sydney and University of Nottingham, International Journal of Asian Studies