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China's Economy Evolution
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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, indeed, China's post-Mao leaders called for reform ....
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....often times experimental. This view however has not been shared by all economists, "some economists regard this approach as self-defeating (Murphy, Schleifer, and Vishny 1992)". "China's average annual rate of GDP growth has been miraculous since the beginning of the transition (Lin 1996)", and is the most successful of the transition economies. .... |
| Word count: 3044 |
Page count: 12 |
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