Event Details

Date:
Saturday, 25 August 2018
Time:
9:00 am - 10:30 am
Room:
Room E302
UQ Location:
Forgan Smith Building (St Lucia)
URL:
https://hapi.uq.edu.au/event/session/3465
Event category(s):

Event Contact

Name:
Associate Professor Chi-Kong Lai
Phone:
3365 6339
Email:
c.lai@uq.edu.au
Org. Unit:
Historical and Philosophical Inquiry

Event Description

Full Description:
The impact of the 1930s world depression on China is significant as an influence on Sino-Japanese relations, as an indicator of China's level of development and degree of integration into the world economy, and as an input into economic policy after 1949. China’s economic history during the depression can be divided into two major sub-periods: that up to December 1931 during which the devaluation of China’s currency offered its economy some protection; and that after Japan’s abandonment of the gold standard, when the rising value of silver introduced deflation and economic decline. This lecture will examine this history, focusing mainly on aggregate measures of economic output, in particular industrial production and GDP. It will conclude that the specific impact of the depression on output was limited, and most likely less than that of non-economic – climatic and military -- shocks, and go on to examine some possible redistribution effects and their impact on specific groups in Chinese society. The economy began to recover from 1936, suggesting that the problems were cyclical rather than inherent in the economic system.

Directions to UQ

Google Map:
Directions:
To St Lucia Campus, UQ Ipswich, and UQ Gatton.

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