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Private property rights, legal enforcement and economic prosperity: The fall of early civilized China and the rise of United Kingdom in 18th-19th century
Author(s)
Date Issued
2009
Journal
ISSN
1911-2025
1911-2017
Citation
Asian Social Science, 2009, vol. 5(10), pp. 10-15.
Description
Online access
Type
Peer Reviewed Journal Article
Abstract
Having a glance at the historical sites such as Bing Ma Yung, Great Wall, Forbidden City, watching movies of history about China, flipping pages of stories about ancient China, we can never deny that China was once the most powerful nations. Nevertheless, by the time we are soaking ourselves in these fairy tales, industrial revolutions in countries miles away awoke us: we are no longer the most affluence countries. Well developed private property rights and legal system has provided a superb environment for inventors. Industrial revolutions in UK have broken the dreams of many Chinese.
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