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China's Economy Evolution
Beginning of essay
Reform-dubbed China's "Second Revolution" was one of the most common terms in China's political vocabulary in the 1980's. Reform of the Chinese Communist Party and its political activities, reform of government organization, reform of the economy, military reforms, cultural and artistic reforms, i ....
Middle of essay
....ual rate of GDP growth has been miraculous since the beginning of the transition (Lin 1996)", and is the most successful of the transition economies. Nonetheless, the Chinese economy has been troubled by a "boom and bust" cycle.
Whether China's experience provides useful lessons for other transition economies is hotly debated. Some economists argue that China's success "demonstrates the superiority of an evolutionary, experimental, and bottom-up approach over the comprehensive and top-down '.... |
| Number of words: 3044 |
Approximate pages: 12 |
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