Economic Reforms, 1979–94: Introduction and Overview

David J. Pyle
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David J. Pyle: Faculty of Social Sciences

Chapter 1 in China’s Economy, 1997, pp 1-23 from Palgrave Macmillan

Abstract: Abstract The objective of this book is to provide a review of the economic reform process which began in China in 1979 and has continued to this day. It is clear that when Deng Xiaoping took over the reins of power there was no real blueprint of how economic reform would proceed. As a result, the pace of reform has not been even. China has pursued both an experimental and a gradualist approach to economic reform, which is in stark contrast to the ‘big bang’ approach adopted by the countries of Eastern Europe in the 1990s. No doubt some will argue that the success of China’s reforms can be attributed to this cautious approach. However, others have argued that China’s groping towards a market system presents its own special set of problems, especially in terms of macroeconomic management. We will examine these issues in more detail in Chapters 6 and 7 below.

Keywords: Foreign Direct Investment; Central Bank; Foreign Trade; Economic Reform; Reform Process (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25802-4_1

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DOI: 10.1007/978-1-349-25802-4_1

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