The Industrial Revolution didn't happen in China in the 19th century because of the abundance of cheap labor... http://www.voxeu.org/article/why-china-missed-i

The Industrial Revolution didn't happen in China in the 19th century because of the abundance of cheap labor... http://www.voxeu.org/article/why-china-missed-industrial-revolution http://www.voxeu.org/article/why-china-missed-industrial-rev... "Whereas entrepreneurs in Europe were very eager to develop new technologies that increased labour productivity via the capital-labour ratio, Chinese businesses barely had any incentive to do so. "