Keynes, Schumpeter e Minsky em Pequim: uma interpretação teórica da dinâmica da centralização financeira chinesa pós-reforma de 1978

Abstract

At the beginning of this century, China already had one of the largest and most voluminous resources of state financing in the world. Thus, the expansion of this state-led and centralized model was the episode that led its economy to a growing importance in the global arena. This process was based on a long-term movement that had far-reaching implications for the future of its economic development, above all, in the international financial architecture. Given this context, this article seeks a plural position in the theoretical debate on the dynamics of financial centrality developed by the Chinese State. To achieve this goal, we sought to discuss the different contributions of authors considered classics in understanding the relationship between the State and financial institutions, presented from a chronological retrospective based on the main approaches and concepts related to the formation of banks, their growth process and their relationship with the financing economic development; to this end, the theoretical guidelines of the analyzes of Schumpeter (1997), Hilferding (1985), Stiglitz (1993), Zysman (1983), Keynes (2012) and Minsky (2008) were revisited in an attempt to illustrate the close and strategic relationship between state financing and Chinese economic development.