Drivers and Dynamics of the Chinese Wool Market

Colin G. Brown, Scott A. Waldron and John W. Longworth

Chapter 8 in The Political Economy of Agro-Food Markets in China, 2014, pp 210-235 from Palgrave Macmillan

Abstract: Abstract One of the crucial insights offered by the literature on the sociology of markets is that in order to understand their development we need to take into account state intervention as well as a range of social factors (Fligstein, 2001). Economic liberalization will not of itself automatically lead to an ordered market; instead path dependency will influence institutional evolution while the state can act as a stabilizing or destabilizing force. The Chinese wool markets provide ample opportunities to study these dynamics.

Keywords: World Trade Organization; State Farm; Wool Textile; Pastoral Area; Wool Sheep (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-27795-4_9

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DOI: 10.1057/9781137277954_9

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