The Treaty Port Economy in Modern China: Empirical Studies of Institutional Change and Economic Performance

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So, Billy K.L. and Ramon H. Myers
China Research Monograph 65
2011. 267 pp.
ISBNs 1-55729-099-7 and 978-1-55729-099-1
$25.00

Through eight empirical studies, this volume explores the interplay between institutional change and economic performance in a constructed model of the treaty port economy in late-Qing and Republican China.

"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 in 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 aff ect economic performance. With rich and diverse empirical 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


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


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