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Socialization of Investment and Institutional Changes in China: A Heterodoxy Approach

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  • Elias Jabbour
  • L. F. de Paula

Abstract

In this paper, we show that economic development in China can be analyzed by the cyclical emergence of institutions that delimit a continuous reorganization of activities between the State and private sectors in the economy. For this purpose, we develop a ‘developmentalist approach’—based on the contributions of John M. Keynes, Alexander Gerschenkron, Ignacio Rangel and Albert Hirschman—that aims at understanding the formation of a policy space suitable for the socialization of investment in China under an international environment characterized by the financial globalization.

Suggested Citation

  • Elias Jabbour & L. F. de Paula, 2021. "Socialization of Investment and Institutional Changes in China: A Heterodoxy Approach," Forum for Social Economics, Taylor & Francis Journals, vol. 50(3), pages 316-329, July.
    • Handle: RePEc:taf:fosoec:v:50:y:2021:i:3:p:316-329
    DOI: 10.1080/07360932.2020.1747517
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