China: a Case of ‘mercantilism’ in a Backward Country?
Year: 2014
Type: article
Abstract: Despite being criticized for its inconsistencies, China’s mercantilism is considered a commonplace in the literature focused on Chinese economic development. This paper intends to criticize the foundations of China’s ‘monetary ’ and ‘financial ’ mercantilism arguing that both provide only a feeble explanation of its economic success. In particular, rather than echoing the practices of classical mercantilism, such supposed ‘mercantilist ’ approach, on the contrary. Reflects the Gerschenkronian model of development, according to which the growth of the ‘backward ’ countries is based massively on banks and State support.
Authors: Silvio Beretta, Giuseppe Iannini
Institution: University of Pavia
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1506203235