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Drivers and Dynamics of the Chinese Wool Market

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

Author

Listed:
  • Colin G. Brown
  • Scott A. Waldron
  • John W. Longworth

Abstract

One of the crucial insights offered by the literature on the sociology of markets is that in order to understand their development we need to take into account state intervention as well as a range of social factors (Fligstein, 2001). Economic liberalization will not of itself automatically lead to an ordered market; instead path dependency will influence institutional evolution while the state can act as a stabilizing or destabilizing force. The Chinese wool markets provide ample opportunities to study these dynamics.

Suggested Citation

  • Colin G. Brown & Scott A. Waldron & John W. Longworth, 2014. "Drivers and Dynamics of the Chinese Wool Market," Palgrave Macmillan Books, in: Louis Augustin-Jean & Björn Alpermann (ed.), The Political Economy of Agro-Food Markets in China, chapter 8, pages 210-235, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-27795-4_9
    DOI: 10.1057/9781137277954_9
    as

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