The role of the state in making a national market : the evolution of the grain market in China (1978-2000)
Purpose – The paper aims to examine Karl Polanyi's view of market evolution in the context of the emergence of a national grain market in China's transition economy. Design/methodology/approach – The dataset used includes information about inter-provincial grain trade on China's g...
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| Format: | Article |
| Language: | English |
| Published: |
2011
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| Online Access: | https://hdl.handle.net/10356/91532 http://hdl.handle.net/10220/7431 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Purpose – The paper aims to examine Karl Polanyi's view of market evolution in the context of the emergence of a national grain market in China's transition economy.
Design/methodology/approach – The dataset used includes information about inter-provincial grain trade on China's grain market from November 1999 to October 2000. A priori blockmodelling method is used for hypothesis testing.
Findings – This paper finds that a partially integrated national grain market had emerged at the beginning of the twenty-first century in China in spite of local protectionism. Additionally, the emergence of this market is found to be partly a result of the reform-oriented state's attempt to create national wholesale grain markets.
Originality/value – The findings of the paper might have implications for market development in both China and other transition economies. |
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