Abstract

The paper is an account of the economic development of china in light of the historical scientific learning and development. It mentions the contribution of china in European development and how the Chinese traditions impacted the European economy. Unfortunately, the country rich in learning and arts lost its supremacy for a specific time period due to the stagnant economical development. Europe and west went step head china due to their continuous technological innovation. The paper focuses on the fact that despite an era of stagnancy, china revived its economic and cultural strength. Though, the progress is not as steady as compared to the European progress after the period of renaissance. Currently the economic condition is way better than other countries, and china has achieved second position after U.S as the economically progressive country. By 2020, it is expected to take the position of U.S.A in the development of science and technology projects.

Table of Contents

Table of Contents2

Economic development of China4

Introduction4

Relationship of European development and Asia (An overview)5

Education and legislations6

Ancestral human6

Philosophy and Science7

Significance of Asia in European history9

China and the Development10

Science and Civilization in China11

The Economic Development12

The Idea of Modern Chinese Economy13

Economic Development throughout the Periods16

The Song Dynasty16

The imperial period17

China's Economic modernization17

China's economic modernization process of the developmental stage18

China's economic development in the process of growth and progress18

China's economic development before the 1979 economic reforms19

The reforms of 1979 and China's economic takeoff20

Capitalism with Chinese characteristic socialism.22

Development of science, technology and medicine in China23

Old Chinese Knowledge and its Relationship with Europe24

Origins of Chinese Science and Technology25

Philosophy and Science in China Laantigu26

Medicine27

Interpretations of Chinese Science and Technology28

Why did Europe progress rapidly?29

Increase in Geographical Knowledge and Discoveries29

Economic and Political Development31

Why China Lagged behind Europe?32

The Transfer of Resources and Knowledge32

Population33

Renaissance and Scientific Scholars33

The Current Economic Situation34

Income35

Employment36

Resources and Environment38

Why China Succeeded in its Transition to Capitalism40

The issues41

The future considerations42

Conclusion43

Works Cited46

Economic Development of China

Introduction

Much debate has been made about the contribution of Asia in European development in terms of culture, civilization, and technology. The scholars have carried out various theories and presented concepts which justify this contribution. However, the startling fact is that, on one hand Europe was learning from Asia and developing itself in science, technology, and medicine, but, on the other hand, the Asian countries became stagnant to their traditions and cultures without innovating themselves. While European countries were developing technology and academics, Asia was spending time in enjoying and appraising its previously gained expertise InTechnology and education. The benefit to Europe was the colonization, which provided it with an ample human resource and intellect through which the renaissance process became possible (Elman, 220).

Out of the Asian countries which included European development, china has an unusual name. The rich cultural background, philosophy And Confucianism dynamics provided strength to the peak of Chinese culture and economy. Europeans learnt a great deal in medicine, technology, and science by Chinese scholars and traditions (Buckley, 256). The four great inventions of the working people in ancient China invented papermaking, printing, gunpowder and the compass. For the European shipbuilding and maritime ...