3/24/2021 0 Comments Economic Theory In Retrospect Pdf
To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser.
![]() Economic Theory In Retrospect Upgrade Your BrowserBy 1978, however, Deng Xiaoping was able to exert substantial influence on the policy choices of the CCP. As discussed, the 3rd Plenary Session of the 11th Central Committee of the CCP held in 1978 adopted his blueprint for economic reform and modernization of the Chinese economy. It was decided that the reforms would begin with agriculture and the rural sector. Towards the end of 1980, Hu Guofeng was requested to step down as Chair of the CPC because of his leftist leanings. In 1984, it was agreed that the reforms would be extended to the whole economy particularly the urban economy. Many important decisions about Chinas future economic structure were made, including the decision to establish a rational price system using economic incentives as levers and to strongly promote economic openness. These policies continued to be applied by Chinas new leaders in the later part of the reform period, namely Jiang Zemin and Hu Jintao. However, as discussed, changed circumstances also required adjustments to the reform policies as new issues emerged even though the overall aim of the CCP was still to undertake reforms to increase significantly the well-being of the Chinese people. The systematic gradual (but not slow) and pragmatic approach taken in bringing about Chinas economic reforms has provided a pillar for Chinas economic achievements. The main purpose of the reforms was said to be to create socialism with Chinese characteristics and there is some discussion of what this means. While the basic objective of the reforms remains unaltered, some variations in focus have become necessary as circumstances have changed and further changes in emphasis can be expected in the future as conditions continue to alter. The social and economic change that has occurred in China is unlikely to be reversed in the foreseeable future. China has now achieved the status of being a top global leader and resource-user and this will bring with it new challenges. Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item. These are the items that most often cite the same works as this one and are cited by the same works as this one. See general information about how to correct material in RePEc. It also allows you to accept potential citations to this item that we are uncertain about. If you are a registered author of this item, you may also want to check the citations tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |