We see industrialization in China the last 150 years as an ongoing process through which firms acquired and deepened manufacturing capabilities. Two factors have been consistently important to this process: openness to the international economy and domestic market liberalization. Openness and...

We see industrialization in China the last 150 years as an ongoing process through which firms acquired and deepened manufacturing capabilities. Two factors have been consistently important to this process: openness to the international economy and domestic market liberalization. Openness and...

A significant but uneven spurt of industrialization started in China during the first three decades of the 20th century at a time of political instability and national disintegration. This article argues that economic growth during this period was closely associated with the rise and expansion...