Economic Reform In China Post 1978

2356 words, 10 pages

Intro Sample...


China has used a dual track system to reform. Dual tracking refers to adopting some aspects of a market economy while at the same time operating under the old planned economy. Transition from a planned economy to a market economy through the dual-track system reflects the most fundamental characteristic of Chinese economic system reform. It works by developing the elements of a new system side by side with the old unreformed system and then by looking at the results it will then implement the new system gradually by phasing out the old system. It was a system that would experiment as it went. As Deng Xiaoping put it, it was like “grope stones while crossing the river”. This system may seem very time consuming and slow as compared to “big bang reforms” or shock therapy used in Russia and Poland, but it was a way the Chinese government could avoid political conflict that rapid reform may generate.
Chinese economic reform began when agricultural reform was introduced under the household responsibility system. Before this system of reform was introduced Chinese agriculture under the commune system was not efficient. Farmers had no incentive to produce more than the required quota as this did not benefit them at all under the commune system. The work point system that the farmers worked under made sure that the farmers were not rewarded in any way for any extra production therefore increased productivity was non existent. The household responsibility system was a system that was made to improve the income and output of rural households. The idea was that once the government agricultural output quotas were fulfilled, the farm households could sell their agricultural surplus in the private market. The new system was proven to be effective as it created incentive for the farmers to work harder and i View More »

Read More

Related Essays on Economic Reform in China Post 1978

  • Special Economic Zones In India

    21349 words, 86 pages

    Introduction to Economic Zones “Export else perish “ these are the words of first Prime Minister of India Pt. Jawaharlal Nehru. India being a continent like country having 30 states, more than 1000 languages and world second largest man power having diversified natural conditions right from Rain Forests of Kerala, Ice Mountains of Himalaya, Runn of Kuch to productive land of Bramahaputra has great potentials of world class export worthy products from various industries like Agriculture, Engineering, Chemicals, Software’s, Gems and Jewellry, Pharmaceuticals, Bio technology and many more.

    View Document »

    Stratsim Case

    8673 words, 35 pages

    IBM Business Consulting Services IBM Institute for Business Value Strategy and Change Going global Prospects and challenges for Chinese companies on the world stage In association with IBM Institute for Business Value IBM Business Consulting Services, through the IBM Institute for Business Value, develops factbased strategic insights for senior business executives around critical industry-specific and crossindustry issues. This executive brief is based on an in-depth study by the Institute’s research team. It is part of an ongoing commitment by IBM Business Consulting Services

    View Document »

    Carrefour- A Comparison Of The Behaviour Of Carrefour In- And Outside China In Terms Of Csr

    9540 words, 39 pages

    Carrefour- a Comparison of the behaviour of Carrefour in and outside China in terms of CSR - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Table of contents - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Executive summary I. Chapter – Introduction 1. Purpose of the Study 2. Objective of the study 3. The setup of the study II. Chapter – Carrefour’s position in China 2.1 Chinas retail market at a glance 2.2 Carrefour’s role in China III. Chapter – The purpose of CSR for multinational compa

    View Document »

    Chinese Economic Expansion

    2411 words, 10 pages

    Recent years in all countries the products of China’s industry are commonly used; electronic devices, toys, textile, products are some of them. Until very near future China was not well known by people; although it had an important position in the global economy. For hundreds of years the general policy of China had aimed protecting its culture, so it tried to avoid improving relationships with foreign countries. For centuries China have had pure culture. But after the communist regime in China, there occurred lots of policy change especially in economy. Till 1949, China was trying to feed onl

    View Document »

    China's One Child Policy

    4150 words, 17 pages

    China’s One Child Policy; Impacts on the Society, the Economy, and the People. By David Goheen Due: December 14, 2007 Executive Summary During the years before the implementation of the One Child Policy, the leaders of China were involved in wars, a great leap forward, and an industrial revolution. In the last twenty five years China’s One Child Policy has affected the country in every way one can imagine. This paper will attempt to explore the major ways the policy has affected the people of China socially, and how the economy has reacted with the change. A brief history on t

    View Document »

    Ikea Imar

    16022 words, 65 pages

    |[pic] | | [pic] [pic] Members: Ms. Sarah Burangi (2103703) : Ms. N.Lin (2053147) Tutor : Mr. L. Wijckmans Date: 04 June 2007 Preface This report is a combination of the effort of two students Na Lin and Sarah Burangi submitted to fulfill the requirements for an MSc in Information Systems particularly the International Marketing Module. The

    View Document »

    Foreign Investments In Central Asia: Past, Present, And Future

    7354 words, 30 pages

    GEO55 Introduction Since their independence in 1991 Central Asian states have each struggled to keep up with the innovations and economies of the modern world. Much of the development in each country is contingent upon the ability for countries to gain foreign investment to build infrastructure and economies. In this paper I will analyze the state of Central Asian economies as they pertain to the natural resources, infrastructure, human resources, and government in each respective state. Each of these four categories helps define the current state and the future of foreign investment i

    View Document »

    E-waste Nightmare: Guiyu, China

    4022 words, 17 pages

    Electronic waste, or E-waste, has become an increasingly large dilemma, especially in this day and age of the twenty-first century.  Many things about electronic waste is discussed here such as the causes and effects of E-Waste in general. More specifically, what is discussed is how humans have a large contributing factor to this problem.  The following also provides examples of any efforts humans are putting in to fix the waste.  More specifically, the paper discusses electronic waste in Guiyu, China and how it affects its residents and their lifestyle. Lastly, preventative measures are offe

    View Document »

    Anuj

    14522 words, 59 pages

    Background Paper submitted to the Committee on India: Vision 2020 Telecom Sector in India: Vision 2020 Manas Bhattacharya*, IES (Deputy Director General (Finance), Department of Telecommunications, Ministry of Communications & IT, Government of India) The views exposed in this paper are that of the authors not of the Planning Commission Telecom Sector in India: Vision 2020 by Manas Bhattacharya*, IES (Deputy Director General (Finance), Department of Telecommunications, Ministry of Communications & IT, Government of India) Introduction The purpose of this paper is t

    View Document »

    Meg Whitmaan

    4391 words, 18 pages

    |United Nations & India | [pic] |  |  | |India has an active participation in the open meetings of the UN Security |News Analysis                   More |  | |Council on key issues such as the situation in West Asia, Afghanistan, Iraq as | | | |well as on themati

    View Document »

More Popular Essays

Research help is just moments away!