Economic History

Economics is a powerful force that has shaped countries and empires as far back as history records. Economic trends have had diverse affects, helping cause World War II, the collapse of the Soviet Economy and the deomcratisation of South Korea and Japan among many others. In recent times the importance of economic power may have even increased.

Perestroika and the Soviet Economy

What caused the Soviet Union, one of the world's two great superpowers to fall apart in less than six years? This series tries to shed some light on those confused and uncertain years before the fall of the USSR.

Perestroika and the Soviet Economy

Quantitative Growth, Qualitative Standstill: China's Economic Situation 1368-1800

In the years between 1368 and 1800 China's economy expanded immensely. However steady compounding growth in China's population was the main driver of this growth. Agriculture, industry and trade thus increased in absolute terms but stagnated in relative per capita terms.

Growth & Standstill in China's Economy 1368-1800 (Part 1)
Growth & Standstill in China's Economy 1368-1800 (Part 2)
Chinese History Bibliography

China's Growing Sea Trade with Europe 1517-1800

The traditional Chinese world order utilised the tribute system to place China at the centre of the civilised world. In exchange for recognising China's superiority, other states were granted permission to trade with China. It was this China centric world order that European ships sailed into in 1517.

China's Growing Trade with Europe (Part 1)
China's Growing Trade with Europe (Part 2)
Chinese History Bibliography

Economic Modernisation in Tsarist Russia

The Russian Empire at the turn of the twentieth century was governed by an ancient autocratic system. By the time Alexander III was crowned to head of the system, Russia had lost its position as a great power.

Economic Modernisation (Part 1)
Economic Modernisation (Part 2)
Economic Modernisation (Bibliography)

Japan's Economic Expansion into Manchuria and China in World War Two

Japan as a have-not country felt the distribution of natural resources in the world was unfair and in Manchuria and China proper saw its opportunity to right the balance. The need for a larger economic base was closely linked with Japanese conceptions of coming wars, the effect of the great depression and a rise in anti-Japanese feeling in China. Japan, while making strides in Manchuria, never met its goal of economic self-sufficiency.

Japan's Economic Expansion into China in World War 2 (Part 1)
Japan's Economic Expansion into China in World War 2 (Part 2)
Japan's Economic Expansion into China in World War 2 (Bibliography)

Economic Growth and Democratisation in North East Asia

Economic development is con/asia/ducive to democratisation but is not sufficient for its achievement. For while economic growth provides people with the spare time and resources to partake in politics and also creates the demand for it, it does not automatically ensure democratisation takes place.

Economic Growth & Democratisation in NE Asia (Part 1)
Economic Growth & Democratisation in NE Asia (Part 2)
Economic Growth & Democratisation in NE Asia (Bibliography)

Military Power vs Economic Power in History

Throughout history military power has been paramount and economic power merely a luxury. This has slowly changed to the point that the two roles have now been reversed. Japan, China and even the United States have relied on economic prosperity to finance formidable military forces. Conversely the Soviet Union, Iraq and North Korea have relied on their military power to try to build economic power with little or limited success

Military vs Economic Power (Part 1)
Military vs Economic Power (Part 2)

Famous Economists