Debate Arises: Is Europe's Economic Decline Worse Than Late Qing China?
Is the economic decline of Europe worse than the last decades of the Qing dynasty? That’s a question posed by Luis Vassy, director of Sciences Po, one of France’s premier universities. It has caused something of a stir in Europe and China. “The European Union has seen its share of the world economy fall from 30 per cent to 17 per cent between 2008 and 2025, a span of 17 years,” he wrote in Le Grand Continent, a European current affairs publication, last week. “China covered t
Luis Vassy, director of the prestigious French university Sciences Po, has sparked debate by posing the question of whether Europe's current economic decline is more severe than that experienced by China during the final decades of the Qing dynasty. Vassy's assertion, published in the European current affairs publication Le Grand Continent, points to the European Union's declining share of the global economy, falling from 30% to 17% between 2008 and 2025. This comparison has generated significant discussion within Europe and China regarding economic trajectories and geopolitical standing.
This reports on a provocative academic comparison of economic decline, sparking debate about Europe's current standing relative to historical periods of economic hardship in China.
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