The Chinese Non-Pluralistic Process of Transition

John Marangos

Chapter Chapter 7 in Consistency and Viability of Islamic Economic Systems and the Transition Process, 2013, pp 223-259 from Palgrave Macmillan

Abstract: Abstract China’s Communist leadership under Deng Xiaoping initiated a marketization process within its centrally administered socialist economic system. The start of these reforms is usually identified with the Communist Party Plenum in December 1978. China’s reforms differed markedly from those implemented by Gorbachev. Table 7.1 demonstrates the remarkable performance of the Chinese economy in contrast to the pre-Gorbachev and Gorbachev eras in the Soviet Union, with an average increase in Chinese real GNP during 1980–1989 of 9.37 percent and an average increase in real gross industrial output of 12.05 percent during the same period.

Keywords: Economic Reform; Total Factor Productivity Growth; Informal Institution; State Enterprise; Shock Therapy (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32726-0_7

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DOI: 10.1057/9781137327260_7

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