The role of the state in making a national market: The evolution of the grain market in China (1978-2000)
Purpose - The paper aims to examine Karl Polanyi's view of market evolution in the context of the emergence of a national grain market in China's transition economy. Design/methodology/approach - The dataset used includes information about inter-provincial grain trade on China's grain market from November 1999 to October 2000. A priori blockmodelling method is used for hypothesis testing. Findings - This paper finds that a partially integrated national grain market had emerged at the beginning of the twenty-first century in China in spite of local protectionism. Additionally, the emergence of this market is found to be partly a result of the reform-oriented state's attempt to create national wholesale grain markets. Originality/value - The findings of the paper might have implications for market development in both China and other transition economies.
Volume (Year): 2 (2010)
Issue (Month): 3 (September)
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