EVOLUTION OF THE CONCEPT OF THE NEW PROJECTMENT ECONOMY

Abstract

This paper undertakes a comprehensive bibliographic review of the genesis and evolution of the New Projectment Economy, a concept rooted in the theoretical framework established by Ignacio Rangel, which underscores the significance of state planning within the economic sphere. The primary objective of this research is to analyze the development of this novel approach since 2018, particularly in the context of China's economic landscape following the reforms instituted in 1978. The methodology employed involves an extensive bibliographic review, encompassing an analysis of scholarly articles authored by Jabbour and his collaborators, thereby highlighting the integration of elements derived from financial capital, Keynesian economics, and Soviet-style planning. The findings suggest that the New Project Economy emerges as a critical response to the inadequacies of traditional economic theories, offering potential solutions to contemporary crises, including the financial crisis of 2008 and the Covid-19 pandemic. The analysis further elucidates that China's adoption of a "socialist market" model exemplifies the characteristics of the New Project Economy, facilitating a more effective synthesis of planning and market mechanisms. In conclusion, this new approach not only revitalizes Rangel's theoretical contributions but also furnishes a robust theoretical framework capable of addressing current economic challenges, thereby fostering a more inclusive and sustainable development paradigm. The ongoing exploration of this field is deemed essential for enhancing the understanding of the intricate interactions between economic theory and social practice.