MARKET SOCIALISM IN THE PEOPLE'S REPUBLIC OF CHINA

Abstract

The world's most populous nation has taken on the mission of a giant laboratory in political economy. This “thoughtpiece” describes the recent economic experiments in China, and analyses current and potential developments as approximating a society of market socialism, a hybrid variety of socio‐economic system never truly tested anywhere else. Some of the issues confronting such a society are raised. Implications to Western companies interested in doing business in the markets of the PRC are also briefly discussed.

Citation

Thorelli, H.B. (1985), "MARKET SOCIALISM IN THE PEOPLE'S REPUBLIC OF CHINA", International Marketing Review, Vol. 2 No. 2, pp. 7-14. https://doi.org/10.1108/eb008272