The contribution of the overseas Chinese, particularly from Southeast
Asia (Nanyang), to China's early modernization constitutes an important
and neglected chapter in Chinese history. During the same years which
saw the emergence of the Reform and Revolutionary movements, the ruling
Manchu government also turned to the overseas Chinese for needed capital
and expertise. Exposed to Western values and often successful in
capitalist ventures, leading overseas entrepreneurs were in a special
position to introduce new concepts into China. Dr Michael R. Godley's
study traces the rise of overseas Chinese capitalism together with the
emergence of an aggressive campaign on the part of the Ch'ing dynasty to
attract overseas support. The ways in which Southeast Asian Chinese
capitalists were ultimately recruited into the Chinese bureaucracy and
the conditions under which they were permitted to begin new enterprises
cast light upon many socio-economic problems while revealing much about
the acculturation process.