Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country

Detalhes bibliográficos
Autor(a) principal: Novais, Ivo
Data de Publicação: 2023
Outros Autores: Moreira Lima, Uallace
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista História Econômica & História de Empresas (Online)
Texto Completo: https://hehe.org.br/index.php/rabphe/article/view/881
Resumo: This article aims to reconstruct the formation of the financial system and its importance in the Chinese economic reform of the late 1970s and 1980s. The hypothesis defended in this study is to show how this expansion led the Chinese financial sector to the current logic centered on the performance and direction of the State. The financial reform developed under these premises, consolidating itself in the economic opening and in the financing of light industries aimed at exports, and together with joint ventures directed by the State policies, making it essential to increase the investment capacity in the country and recover the backwardness existing economic and industrial. The expansion of the financial system consolidated a robust economic growth, through the increase in the volume of deposits and the participation of this credit in strategic national business sectors. That way, managed to overcome its developmental delay, demonstrating that it is possible to accelerate and improve the quality of economic growth through the development and centralization of financial intermediation.
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spelling Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the CountryAs reformas financeiras na China entre os anos 1970 e 1990: a formação do mercado e as consequências para o desenvolvimento econômico no paísThis article aims to reconstruct the formation of the financial system and its importance in the Chinese economic reform of the late 1970s and 1980s. The hypothesis defended in this study is to show how this expansion led the Chinese financial sector to the current logic centered on the performance and direction of the State. The financial reform developed under these premises, consolidating itself in the economic opening and in the financing of light industries aimed at exports, and together with joint ventures directed by the State policies, making it essential to increase the investment capacity in the country and recover the backwardness existing economic and industrial. The expansion of the financial system consolidated a robust economic growth, through the increase in the volume of deposits and the participation of this credit in strategic national business sectors. That way, managed to overcome its developmental delay, demonstrating that it is possible to accelerate and improve the quality of economic growth through the development and centralization of financial intermediation.Este artigo tem como objetivo reconstruir a formação do sistema financeiro e sua importância junto a reforma econômica chinesa do final da década de 1970 e 1980. A hipótese defendida neste estudo é mostrar como essa expansão levou o setor financeiro chinês para a atual lógica centrada na atuação e direcionamento do Estado. A reforma financeira se desenvolveu sob estas premissas, consolidando-se na abertura econômica e nos financiamentos às industrias leves voltadas para exportação, e junto aos empreendimentos conjuntos direcionados pelas políticas do Estado, tornando essencial para elevar a capacidade de investimento no país e recuperar o atraso econômico e industrial existente. A expansão do sistema financeiro consolidou um robusto crescimento econômico, mediante a elevação no volume de depósitos e da participação deste crédito junto aos setores de negócios nacionais estratégicos. Deste modo, conseguiu superar o seu atraso de desenvolvimento, demonstrando ser possível acelerar e melhorar a qualidade do crescimento econômico por meio do desenvolvimento e centralização da intermediação financeira.ABPHE2023-04-11info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://hehe.org.br/index.php/rabphe/article/view/88110.29182/hehe.v26i1.881Economic History & Business History; Vol. 26 No. 1 (2023); p. 141-171História Econômica & História de Empresas; v. 26 n. 1 (2023); p. 141-1712525-81841519-331410.29182/hehe.v26i1reponame:Revista História Econômica & História de Empresas (Online)instname:Associação Brasileira de Pesquisadores em História Econômica (ABPHE)instacron:ABPHEporhttps://hehe.org.br/index.php/rabphe/article/view/881/545Copyright (c) 2023 Ivo Novais, Uallace Moreira Limahttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessNovais, IvoMoreira Lima, Uallace 2023-04-13T20:59:32Zoai:ojs.hehe.org.br:article/881Revistahttps://hehe.org.br/index.php/rabpheONGhttps://hehe.org.br/index.php/rabphe/oaihehe.abphe@gmail.com2525-81841519-3314opendoar:2023-04-13T20:59:32Revista História Econômica & História de Empresas (Online) - Associação Brasileira de Pesquisadores em História Econômica (ABPHE)false
dc.title.none.fl_str_mv Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
As reformas financeiras na China entre os anos 1970 e 1990: a formação do mercado e as consequências para o desenvolvimento econômico no país
title Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
spellingShingle Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
Novais, Ivo
title_short Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
title_full Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
title_fullStr Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
title_full_unstemmed Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
title_sort Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
author Novais, Ivo
author_facet Novais, Ivo
Moreira Lima, Uallace
author_role author
author2 Moreira Lima, Uallace
author2_role author
dc.contributor.author.fl_str_mv Novais, Ivo
Moreira Lima, Uallace
description This article aims to reconstruct the formation of the financial system and its importance in the Chinese economic reform of the late 1970s and 1980s. The hypothesis defended in this study is to show how this expansion led the Chinese financial sector to the current logic centered on the performance and direction of the State. The financial reform developed under these premises, consolidating itself in the economic opening and in the financing of light industries aimed at exports, and together with joint ventures directed by the State policies, making it essential to increase the investment capacity in the country and recover the backwardness existing economic and industrial. The expansion of the financial system consolidated a robust economic growth, through the increase in the volume of deposits and the participation of this credit in strategic national business sectors. That way, managed to overcome its developmental delay, demonstrating that it is possible to accelerate and improve the quality of economic growth through the development and centralization of financial intermediation.
publishDate 2023
dc.date.none.fl_str_mv 2023-04-11
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hehe.org.br/index.php/rabphe/article/view/881
10.29182/hehe.v26i1.881
url https://hehe.org.br/index.php/rabphe/article/view/881
identifier_str_mv 10.29182/hehe.v26i1.881
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://hehe.org.br/index.php/rabphe/article/view/881/545
dc.rights.driver.fl_str_mv Copyright (c) 2023 Ivo Novais, Uallace Moreira Lima
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Ivo Novais, Uallace Moreira Lima
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ABPHE
publisher.none.fl_str_mv ABPHE
dc.source.none.fl_str_mv Economic History & Business History; Vol. 26 No. 1 (2023); p. 141-171
História Econômica & História de Empresas; v. 26 n. 1 (2023); p. 141-171
2525-8184
1519-3314
10.29182/hehe.v26i1
reponame:Revista História Econômica & História de Empresas (Online)
instname:Associação Brasileira de Pesquisadores em História Econômica (ABPHE)
instacron:ABPHE
instname_str Associação Brasileira de Pesquisadores em História Econômica (ABPHE)
instacron_str ABPHE
institution ABPHE
reponame_str Revista História Econômica & História de Empresas (Online)
collection Revista História Econômica & História de Empresas (Online)
repository.name.fl_str_mv Revista História Econômica & História de Empresas (Online) - Associação Brasileira de Pesquisadores em História Econômica (ABPHE)
repository.mail.fl_str_mv hehe.abphe@gmail.com
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