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

Elias Jabbour and L. F. de Paula

Forum for Social Economics, 2021, vol. 50, issue 3, 316-329

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.

Date: 2021
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DOI: 10.1080/07360932.2020.1747517

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