#Business and Fiscal Policy
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The State's Core Bargain: Institutional Divergence in China's Self-Strengthening Movement and Japan's Meiji Restoration
Beyond simplistic moral fables, this essay dissects the fundamental institutional divergence between China's Self-Strengthening Movement and Japan's Meiji Restoration. It contrasts their approaches to dismantling privileged power bases, establishing fiscal penetration, and securing industrial property rights, revealing the true determinants of their historical outcomes.