Financial Reforms in China Between the 1970’s and 1990’s: Market Formation and the Consequences for Economic Development in the Country
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | |
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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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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