The 1920s and 1930s were a golden age of economic development for China. Modern industries such as cotton textiles were established in the coastal cities centering on Shanghai, which developed into a major hub of manufacturing. To meet the funding requirements of these emerging industries, industrial finance was developed by modern banks, a stock exchange dealing in securities was founded, and a financial market based on real estate transactions was created. In this way, the Chinese economy gradually joined the global economy, while adopting various economic systems from Western Europe.
How were the people who took on the role of connecting China to the world educated? What kind of relationships can be found in the background? This paper argues that the key point to consider is the business education that developed at American institutions of higher education in China in the 1920s.
Business education in China developed actively and was in line with the systemization of business education taking place in the world at that time. It was also in line with religious activities by Western Christian missions, business expansion by countries as well as the growth of the global economy.
Using the case of higher commercial education as an example, this paper seeks to clarify some of the socio‒economic effects on China of Christian evangelism and globalization originating from the West.
The establishment of a business school in St. John’s University in Shanghai, based upon the business school system in the United States, made “academic business education” a key catchphrase and was aimed at strengthening the influence of United States. The curriculum was designed to educate the managers that were needed by the newly emerging industries, and was different from vocational training. The background to this, from a broader point of view, was the global trend after World War I to pursue business education through the systematic implementation of the study of economics and business management, as well as the presence of the United States, which wanted to use this as a way to expand into China. The intentions of Christian missions were intertwined with the establishment of these business schools, and it was into such institutions that Chinese entered, seeking a connection with the United States.
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