The Political Economy of China Essay by Neatwriter

The Political Economy of China
An overview of the changes in China's political economy from the 1978 reforms of Deng Xiaping.
# 62634 | 1,439 words | 5 sources | MLA | 2005 | US
Published on Dec 05, 2005 in Economics (International) , History (Asian) , Asian Studies (General)

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This paper examines how Deng Xiaping started China's economic reforms in 1978 with the announcement of the "Open Door Policy" and how, prior to the introduction of the new policy, China had followed the radical, centrally directed economic policies of Mao that emphasized self-reliance and closed its door to trade with foreign countries. It also looks at the roles of Deng Xiaping, Jiang Zeminand and Hu Jintao's three generations of Chinese leadership in China's political economy, the achievements has China made since then and the main problems with today's Chinese political economy.

Deng Xiaoping's Economic Reforms
Achievements by China Since the Initiation of Economic Reforms
Major Problems in Today's Chinese Political Economy
Why China is Not a Democracy Yet
Evaluation of the Roles of Deng, Jiang and Hu in China's Political Economy

From the Paper:

"Despite considerable economic gains made by China in the post-1978 period, it is still faced with a number of serious politico-economic problems. Corruption and other economic crimes have proliferated in China as it has moved towards a market-oriented economy. Unemployment, though not too high in terms of percentages (3% according to official figures ), translates into more than 20 million unemployed workers due to the large Chinese population. ("Economic Overview" Country Watch) In addition to the unemployed, it is estimated that 50 to 100 million surplus rural workers are adrift between the villages and the cities, barely surviving through part-time, low-paying jobs. There is a growing trend of inter-regional and urban-rural inequality with the rural areas and areas away from the booming coastal regions, falling significantly behind. Despite efforts at reforming state owned organizations and the closure of a number of loss-making industries, over half of China's large state-owned enterprises are still making losses."

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