Wolfgang Keller, Carol Shiue, 05 December 2021

There is little consensus about the impact that the Western colonialism had on China’s economy. This column revisits a period that saw China end centuries of relative isolation and open dozens of ‘treaty ports’ to Western traders, which shifted the focus of capital markets from inland areas to the coast. Western influence also increased the number of banks, firm investment, as well as the adoption of steam engines and industrial machinery, and significantly lowered local interest rates.

Stelios Michalopoulos, Elias Papaioannou, 14 February 2017

Over the past decades, economists working on growth have ‘rediscovered’ the importance of history, leading to the emergence of a vibrant, far-reaching inter-disciplinary stream of work.  This column introduces the second eBook in a new three-part series which examines key themes in this emergent literature and discusses the impact they have on our understanding of the long-run influence of historical events on current economics. This volume focuses on attempts by economists to shed light on the effects of European colonisers on development and culture across Africa and Asia.

Events

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