Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Economic Dualism: The Case Of China 1840–1937

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

It is maintained that the handicrafts, small mines, native banks, junks, and coolie carriers were all helplessly depressed because of competition from their counterparts in the modern sector of the economy, which was an outgrowth of external trade and foreign investment in China. The physical quantity of China's commodity exports increased at a rate of 2.4 per cent a year from 1867 to 1932. To conclude, there is little factual support for the common belief that the traditional sector of the Chinese economy suffered a general decline because of the development of the modern sector. Economic dualism may not really be undesirable. Technological progress should include creative adaptation of the traditional methods rather than concentrate entirely on purely modern technology, especially in a country where traditional technology has been developed for a long time and seems able to take care of much of the demand of the masses.

Keywords: China; commodity exports; economic dualism; foreign investment; technological progress



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Chinese Economic History up to 1949 (2 vols) — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation