Development in China Flashcards
Marx reading of China
= state-led capitalism
Chinese autarky
trade embargo with west cold war isolated from USSR, Vietnam and Cuba self-sufficient began to end 1979
GLF 1958-63
production, technological and organisational change
peoples communes
rural agriculture and collectivisation
30 mil deaths from famine
When was the cultural revolution?
1966-76
= failure
When did China implement the ‘Open door policy’?
1978-89
embraces capitalism
What drove growth under state-led capitalism?
Town and village enterprises
state owned enterprises
town and village enterprises
local authority ownership
1996: 135 mil, accounting for 30% of industrial output
state owned enterprises
2007 = 40% of industrial output
some smaller SOE’s privatised
Thawing relations with U.S in 1972
China = attractive investment and stable economy
Healthy, trained labour
Garment factories
not a desired job, but required
$30-40 per month
often female
oppressive system
1992 undertook ‘market socialism’ which led to…
rapid economic growth and foreign direct investment
