The political economy of reforms and the present Chinese transition

Vol. 37 No. 4 (2017)

Oct-Dec / 2017
Published February 26, 2020
PDF-English
PDF-English

How to Cite

Jabbour, Elias, and Alexis Dantas. 2017. “The Political Economy of Reforms and the Present Chinese Transition”. Brazilian Journal of Political Economy 37 (4):789-807. https://doi.org/10.1590/0101-31572017v37n04a08.

The political economy of reforms and the present Chinese transition

Elias Jabbour
Professor Adjunto da Faculdade de Ciências Econômicas, Departamento de Evolução Econômica da Universidade do Estado do Rio de Janeiro (FCE-UERJ).
Alexis Dantas
Professor Associado da Faculdade de Ciências Econômicas da Universidade do Estado do Rio de Janeiro (FCEUERJ)
Brazilian Journal of Political Economy, Vol. 37 No. 4 (2017), Oct-Dec / 2017, Pages 789-807

Abstract

The main aim of this paper is to demonstrate, through a review of China's economic reforms, that the emergence of a large private sector and the increased sophistication and diversification of industry has required the continual reorganization of activities between the state and private sectors of the economy. We argue in this paper that the state began to play a major role in important industries and in big finance, as well as in the coordination and socialization of investment, such as economic policy (monetary and fiscal), foreign trade and, especially, the launch of new and higher forms of economic planning.

JEL Classification: O1; O2; P2.


Keywords: China economic reforms state private sector economic planning.