BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:The emergence of the Indian and Chinese economic powerhouses: hist
 orical and institutional perspectives - Professor Raj Brown\, Royal Hollow
 ay\, University of London
DTSTART:20170125T170000Z
DTEND:20170125T180000Z
UID:TALK69586@talks.cam.ac.uk
CONTACT:Barbara Roe
DESCRIPTION:This comparison of China and India   asks the big question: ho
 w is it that after centuries of “alleged” retardation China and now In
 dia are emerging powerfully and pulling ahead of the Western economies.  T
 he theoretical context here is the debate on Great \nDivergence promoted b
 y Ken Pomeranz and critically opposed by David Faure and a host of other S
 inologist.  Pomeranz\, in his famous treatise The Great Divergence [2000]\
 , believed that\, prior to Britain’s industrial revolution\, both China 
 and Europe revealed little difference in economic structure or per capita 
 income and only cheap coal and imperialism and access to land intensive pr
 oduction provided a leap. David Faure has argued against this on the groun
 ds of the immense regional diversity of China and its impressive pre-moder
 n and modern economic growth.  Sanjay Subramanyam also shows how India has
  “traversed” from a “mosaic of civilizations” to an internal diver
 sity endogenously spun.  Timur Kuran\, however\,  following in the footste
 ps of Pomeranz\,  has grappled with this Great Divergence debate\, arguing
  that the economic decline of the Middle East is related to Islamic capita
 lism and its ethical constraints. I have\, in a modest way\, argued that i
 n fact Southern Thailand\, a resource rich area\, revealed a vibrant form 
 of ethical Islamic capitalism\, while its handicap was Western multination
 als such as BP and their associational links to  powerful Thai elites.  Wi
 th these Asian Powerhouses of India and China\, I was inspired by Douglas 
 North to focus on the economic institutions and in particular the institut
 ion of law to understand  this diversity in economic growth between both I
 ndia and China.
LOCATION:Seminar Room SG1\, Alison Richard Building\, 7 West Road\, Cambri
 dge CB3 9DT
END:VEVENT
END:VCALENDAR