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Há 3 dias · Capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately held and production, prices, and incomes are determined by markets. Learn more about the history and development of capitalism in this article.
1 de jan. de 2019 · Ronald Coase and Ning Wang examine China’s embrace of capitalism. When Mao Zedong, founder of the People’s Republic of China, died on 9 Sept. 1976, China was in the midst of a Cultural Revolution that was meant to rejuvenate socialism, ridding it of capitalist corruption and bureaucratic rigidity. Mao believed that China could shrug off ...
Abstract. In this paper, we review old and modern conceptions of "capitalism" and then we evaluate how "well" China fares on three touchstones of capitalism: competitive markets, generalization of wage-labour, and private ownership of the means of production. While we accept that China has come a long way under the first two criteria since the ...
The concluding chapter questions whether China’s growth is sustainable and if it will ultimately shift the center of global capitalism from the West to the East. This cutting-edge collection of works by leading global political economists links current events to long-term trends in global capitalist development to provide a comprehensive analysis of China’s impact on the world.
18 de abr. de 2016 · One of the most important components of the round of reforms that arose out of the 1993 financial reforms (State Council of the People's Republic of China, Citation 1993) was the establishment of the People's Bank of China (PBOC) as a fully functioning central bank at the heart of a modern central banking system (Wu, Citation 2012b, p. 147).
11 de jan. de 2021 · Drawing upon Marxian and regulation theory, this article seeks to identify key dynamics and contradictions of capitalist accumulation in China between 1995 and 2015 and to explain these in their institutional context. To this end, data from national accounts and input-output tables is re-mapped to estimate Marxian categories such as the rates ...
While China continues to develop capitalistic capacities, the party-state has increasingly tightened control of the economy and synchronized political and economic stratification – a tendency towards a centrally managed capitalism.
