Adam Smith and the new era of China

• Main Author: Aníbal Carlos Zottele
• Format: Article
• Language: English
• Published: Universidad de Colima 2013-01-01
• Series: Portes: Revista mexicana de estudios sobre la Cuenca del Pacífico
• Subjects: vía natural del progreso; vía antinatural o retrógrada; Adam Smith; sector rural; modernización; Mao Zedong; Deng Xiaoping
• Online Access: http://revistasacademicas.ucol.mx/index.php/portes/article/view/237

ural area has been the quiet main character of China’s economic development. The history of this thousand-year-old culture seems to be exempted from further comments about its role. Its importance has been strongly expressed during crisis which institutions of that great nation in XX century were shook. <br /><br />Agricultural sector was the key in modernization period initiated in 1980 even in the later phases. Agriculture preponderance as progress support of the nations is presented by Scottish thinker Adam Smith in his work An Inquiry into the Nature and Causes of the Wealth of Nations. The status of Chinese development in XVII y XVIII centuries has been characterized in this document as well as the natural order of progress against unnatural or retrograde order followed by the Netherlands, in that time the country that had achieved higher levels growth in Europe. Apparently, at present, China repeats its old experiences by concentrating on the path praised by Smith.