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China’s Sugar under Globalization Forces: Market Structures and State Decision Making in the Context of Liberalization

In: The Political Economy of Agro-Food Markets in China

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  • Louis Augustin-Jean

Abstract

From a historical perspective, the economy of sugar may look puzzling. While the formation of capitalism, from the 16th century onward, is intrinsically linked to the sugar economy, their shared history cannot be assimilated to the development of free markets (Dockès, 2009). The hands of governments, far from being invisible, can be seen everywhere, from being an active support to charter companies in these early ages to, in the more recent period, the establishment of the ‘sugar regime’ of the European Union. The history of the sugar market is the perfect illustration of a more general phenomenon analysed in depth by Polanyi (1957): the creation and the preservation of markets require states.

Suggested Citation

  • Louis Augustin-Jean, 2014. "China’s Sugar under Globalization Forces: Market Structures and State Decision Making in the Context of Liberalization," Palgrave Macmillan Books, in: Louis Augustin-Jean & Björn Alpermann (ed.), The Political Economy of Agro-Food Markets in China, chapter 4, pages 103-126, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-27795-4_5
    DOI: 10.1057/9781137277954_5
    as

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