New Publication by Prof. Xiaohua Yu
Crisis, Reform, and Collapse: The Financial Logic in 700 Years of Yuan, Ming and Qing Dynasty
We are pleased to share the publication of a new book by Prof. Xiaohua Yu (Department of Agricultural Economics and Rural Development, University of Göttingen):
危机,改革与崩溃——元明清七百年的金融秩序
(Crisis, Reform, and Collapse: The Financial Logic in 700 Years of Yuan, Ming and Qing Dynasty)
Published by CITIC Press Corporation (中信出版社)
In this book, Prof. Yu introduces the concept of five waves of globalization and analyzes 700 years of Chinese history—from the Yuan dynasty to the Republic of China—through the lens of economics and finance. Each wave of globalization, he argues, brought about moments of profound resonance between China and the Western world.
This insightful work offers a bold reinterpretation of Chinese institutional change and financial systems, providing readers with a valuable perspective on the dynamics of long-term economic transformation.