Description

This book is unique in its depth of perspective. It uses a comparative approach to explain why China's role in the world economy has changed so dramatically in the last thousand years. It concludes that China is likely to resume its natural role as the world's largest economy by the year 2015, thus regaining the position it had held until the end of the nineteenth century. The study provides a major reassessment of the scale and scope of China's resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China. Written by the author of many studies on comparative economic history, including two best sellers for the OECD Development Centre, this book is essential reading for all those who seek to understand the role of China in the world economy, in the past, as well as in the present and the future.