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However, after years of distrust and internal conflict, China broke with the Soviets and established relations with the free world. While there were many results from this visit, the most important was the effects on China's economy and society. China's opening up with the West would lead to major economic and political changes, when after the death of Mao, another leader assumed control and began a series of reforms. These reforms were directly responsible for the rise of China in the later years of the 20th century.
Mao Tse Dong, the leader of the revolution and subsequent People's Republic of China, died in 1976. His death marked the end of a period of leadership under the old, hard-lined Communists, and a new period of younger, more liberal leadership. After a short period of internal maneuvering, Deng Xiao Peng took assumed the leadership of the government and began to institute a series of reforms. Deng embarked upon what was called the "Four Modernizations," in agriculture, industry, national defense, and science and technology. (Spence 655-682) He also engaged in economic reforms which allowed for the loosening of ownership restrictions...
The Chinese government allowed for a certain amount of private ownership and private capitalism. (Lin) for the first time since the communist takeover, the Chinese people were partially free to engage in private business transactions. This led to a literal explosion of China's economy and the emergence of a new middle class. Deng Xiao Peng began a series of reforms which led to China's entry into the modern world and global economy.
Works Cited
Lin, Justin Yifu, Fang Cai, and Zhou Li. The China Miracle: Development Strategy and Economic Reform. Hong Kong: Published for the Hong Kong Centre for Economic Research and the International Center for Economic Growth by the Chinese UP, 2003. Print.
McMillan, John, John Whalley, and Lijing Zhu. "The Impact of China's Economic
Reforms on Agricultural Productivity Growth. Journal of Political Economy 97.4
(1989): 781. Print.
Naughton, Barry. Growing out of the Plan: Chinese Economic Reform, 1978-1993. Znw
York, NY: Cambridge UP, 1995. Print.
Zurlo, Tony. China: The Dragon Awakes.…
Works Cited
Lin, Justin Yifu, Fang Cai, and Zhou Li. The China Miracle: Development Strategy and Economic Reform. Hong Kong: Published for the Hong Kong Centre for Economic Research and the International Center for Economic Growth by the Chinese UP, 2003. Print.
McMillan, John, John Whalley, and Lijing Zhu. "The Impact of China's Economic
Reforms on Agricultural Productivity Growth. Journal of Political Economy 97.4
(1989): 781. Print.
China-U.S. bilateral relationship The past one decade of the 20th century has witnessed dramatic fluctuations in the China-U.S. relations. For instance, the Taiwan Strait led to several summit meetings to take place in Washington and Beijing to decide the fate of the countries. Additionally, the decade ended with the relationship facing serious challenges including a U.S. congressional investigation on the contribution of the Chinese government to the U.S. campaigns (Huang 2000).
Foreign Policy of China (Beijing consensus) Structure of Chinese Foreign Policy The "Chinese Model" of Investment The "Beijing Consensus" as a Competing Framework Operational Views The U.S.-China (Beijing consensus) Trade Agreement and Beijing Consensus Trading with the Enemy Act Export Control Act. Mutual Defense Assistance Control Act Category B Category C The 1974 Trade Act. The Operational Consequences of Chinese Foreign Policy The World Views and China (Beijing consensus) Expatriates The Managerial Practices Self Sufficiency of China (Beijing consensus) China and western world: A comparison The China (Beijing
This paradigm shift can best be understood by looking at a Chinese tradition dating back centuries. However, to understand modern China, we must also understand the basis for Chinese culture -- Confucianism. It was Confucianism, though, that dominated ancient Chinese history as a socio-religious philosophy. The trend towards philosophical underpinnings, too, was part of Ancient China's view of law, order, and state control. Confucianism is a Chinese ethical and philosophical
As such, the amount repaid to the lender does not accurately reflect adjustments in its purchasing power. To compensate, nominal interest rates float; they change with inflation rates. Real interest rates, on the other hand, do factor in inflation rates. With this type of return rate, the borrower experiences an increase in purchasing power. 9. Cyclical unemployment arises out of a nation's reduction in productivity; it occurs when an economy
Australia What steps did the Rudd government take to lessen the impact of the global financial crisis? Why do you believe they took these steps? The global financial crisis has had a profound impact on nations around the world. I applaud Rudd in his efforts to abate and diminish the influence of an interconnected society on Australia. On method utilized in which to diminish the impact on the Australia was to instill
Senkaku / Diaoyu Islands Dispute Between China and Japan Introduction and History of the Islands The Senkaku Islands (also known as Pinnacle Islands and Diaoyu Islands) are composed of eight volcanic islands that are not inhabited and that have a relatively small land area of 6.2 square kilometers. The Japanese government claims the islands for Japan, while China also claims ownership of the islands. According to Seokwoo Lee, writing in the International