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China After Mao

China After Mao

Economic development programs in China in the period  from 1978 with Deng Xiaoping's announcement of the Four Modernizations program to 1985.  Deng Xiaoping opened China up to the extent of foreign loans and foreign technical assistance, but the Government still envisioned that the development would still be directed through tight central planning.  The Ten-Year Plan resullted in some major failures and slowly the government began to allow development projects to be created on the local level.  Often these local projects involved funding and management by firms from outside of China.  It was with this shift away from central planning that China extraordinary economic development began.

 

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Lianna Wright
Lianna Wright (Faculty)
8 years ago
I don't understand economics, but this was easy to understand. It appears to be a summarization based on a book by C-Y Hsu. It explains China's 10 year plans for economic development. What was of interest was the Chinese actually had a "plan", which I'm not sure that we the U.S. have a "plan". I'm not sure there is a 10 year plan on the state level, if there is, I've never seen or known of one. Normally our plans are short-term. The Chinese also ran into problems with some of their sectors (poor land to build) and revised the plan. It seems to be working because they're upstaging the U.S. in economic growth. Not sure how dated this material is, but it should be updated to discuss their 10 year plan for the 21st century.

Technical Remarks:

This was a presentation on a website that one could scroll through and read. There were no hyperlinks. It could be converted to a PPT presentation.
Used in course? Yes
Time spent reviewing site: About 10 minutes.