If the root cause of China’s catastrophic performance between 1800 and 1950 lay not circa 1600 but circa 1800, then the antecedents of China’s present economic dynamism, rather than being lost in the mists of time, are, on the contrary, relatively recent. [76] This makes China ’s remarkable economic transformation since 1978 rather more explicable. [77] Far from being a basket-case, the Chinese economy in 1800 remained, in many respects, very dynamic; society continued to be highly competitive, the peasantry displayed a powerful capacity to adapt and innovate, and merchants possessed considerable commercial acumen. While these characteristics may have remained relatively dormant in the inclement intervening period, after 1978 they have once again come to the fore. [78] To this we might add a further contemporary point. In 1800, rather than being Eurocentric, the global economy was, in fact, polycentric, economic power being shared between Asia, Europe and the Americas, with China and India the two largest economies. The global economy is now once more becoming increasingly multipolar. Rather than regarding this as unusual, perhaps instead we should see the last two centuries, in which economic power became concentrated in the hands of a relatively small part of the world’s population, namely Europe and North America, as something of an historical aberration. Colonization, furthermore, was to play a crucial role in this outcome, by providing some of the preconditions for Europe to break into Prometh ean growth while at the same time also bestowing on it the power and opportunity to stifle and distort the economic development of much of the rest of the world for a century or more.
Figure 3. The fall and rise of China and India: changing shares of global GDP, 1820-2001.
PRECONDITIONS OR CHARACTERISTICS?
If, towards the end of the eighteenth century, Western Europe was in a rather similar position to China, the implications for our understanding of history and subsequent events are far-reaching. It suggests that the explanation for the rise of Europe was in large part to do with relatively short-term factors rather than preordained by its slow but steady transformation over previous centuries; in other words, we need to rethink the idea that the ensemble of characteristics which Europe had been acquiring over centuries, and enjoyed on the eve of economic take-off, were, as has often been assumed, also
It is clear from the experience of the last half-century, during which a growing number of countries have achieved rapid industrialization, that the processes and conditions that characterized European take-off, and particularly that of Britain, were largely peculiar to Western Europe and that there are, in fact, many ways of achieving take-off. As the historian Peter Perdue writes: ‘Industrial growth does not have to be an outcome of a centuries-long accumulation of the particular skills found in north-west Europe; there are numerous paths to economic modernity, and England followed only one of them.’ [79] As a small example, the nature of class differentiation in the English countryside, including the rapid decline of the peasantry, has not been repeated in the case of China ’s industrialization nor, indeed, many others as well. [80]