ECONOMIC EFFECTS OF THE OPIUM WARS FOR IMPERIAL CHINA: THE DOWNFALL OF AN EMPIRE

Yıl 2018, Cilt: 18 Sayı: 3, 291 - 304, 16.10.2018

Müge Kalıpcı

https://doi.org/10.11616/asbed.vi.470806

Cited By: 1

Öz

Imperial China had not adopted the policy of open
economy for centuries and its economy was almost as deep as a well to the West
up until 1978 – the year which marked the beginning of a series of radical
economic reforms China has undergone. It is not surprising that imperial
Chinese economy did not interact much with the economy of any other nation of
the time considering the fact that it could meet its own needs relatively
easily thanks to its wide lands, rich underground resources and intense human
power. In fact, China had been able to protect its closed economy for some time
with a few occasional exceptions until recently. It has lately happened that
the economy has been fully opened to the outside world. However, the incident
that initiated such open economy policy dates back as far as to the Opium Wars
fought between China and Western powers in the 19th century. The period that
started with these wars, which provided the basis for China's economic
transformation, is called "Century of Humiliation" in Chinese
history.

Anahtar Kelimeler

Chinese Economy, Opium Wars, Century of Humiliation, Foreign Trade

Kaynakça

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