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Old 12-14-2011, 01:42 AM
Baz Baz is offline
 
Join Date: Oct 2010
Posts: 113
Default Re: Modern capitalist China?

Quote:
Originally Posted by Florian View Post
I think it would be somewhat controversial for an economic historian to say that free trade is the most important factor in the development of capitalism, of "growth," a rather ambiguous concept anyway that is hard to measure before the 19th century. Population, natural resources, investment, education, technological innovation seem to me more important.
Maybe "State Capitalism" is a more apt name for these economies.
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