The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries …-organized under Western management, Western legal institutions were introduced in China in form of courts and legal practices, and … foreigners in China were tried according to the laws of their country of origin (extraterritoriality). To better understand the …

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

This paper studies the economic consequences of the West's foray into China after the Opium War (1839-42), when Western … nature of China's capital markets. Whereas before the Opium War, coastal cities were of relatively minor importance, the … treaty port system of the West transformed China into an economy focused on coastal areas and on international trade that …

This paper studies the trade of China in the past 150 years, starting from the first opening of China after the Opium … War. The main purpose of the paper is to identify what is (and was) China's 'normal' level of foreign trade, and how these … levels changed under different trade regimes, from 1840 to the present. We present new evidence on China's foreign trade …

compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … findings suggest that relative levels of market function in China and Europe were similar prior to the Industrial Revolution …

How much of China's recent economic performance can be attributed to market-oriented reforms introduced in the last two … paper compares the integration of rice markets in China today and 270 years ago. In the 18th century, transport technology … pattern of interregional income in China is strongly linked to persistent geographic factors that were already apparent …

factor costs, China's economic geography as it influences trade costs, as well as the degree of regional diversity in … China in the 19th century were relatively low …

and compare capital market development in Britain and China. Interest rates for Britain were lower than China's on average … are twice those of the Delta, and three or more times as high as elsewhere in China. Overall, our results suggest capital …