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Prosperity signifies success in economic performance. Economic performance always takes place in a spatial context. And institutions matter in economic performance. These three interwoven themes underlie this inquiry into the regional economy of southern Fukien province during the Sung and Yuan dynasties, when the area was one of the most prosperous regions in China. Through a meticulous reading of the sources, the author seeks to understand the meaning of prosperity in the premodern Chinese context and argues that we have to understand economic performance as a process occurring in space and influenced by institutions, which affect economic actors particularly through the means of transaction costs.
Analyses the emerging human rights norms, regional institutions and enforcement mechanisms in Asia.
This second selection of studies by Professor Ptak focuses on Chinese maritime trade in the medieval and early modern periods. The first section deals with contacts between China and individual places, in particular Timor, the Sulu Islands, southern India and the islands of the Indian Ocean. Chinese geographical and other accounts of these areas and the trade routes leading to them are examined and where possible, compared with Arabic and Western works from the colonial period. The second part looks at trade in specific commodities such as sandalwood, coral, horses, tortoise-shell, ebony, cloves and tea. Relevant Chinese terms, the uses of each commodity, and the production and distribution are analysed. Both qualitative and quantitative information is drawn from the sources and it is demonstrated that many trade items were much more significant in international business than has been thought. At the same time, these studies highlight the importance of Chinese consumption in driving world commodity flows.
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