China's Economic Revolution

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CUP Archive, May 27, 1977 - Business & Economics - 340 pages
2 Reviews
Professor Eckstein's book is a study of China's efforts to achieve rapid modernization of its economy within a socialist framework. Eckstein begins with an examination of economic development in pre-Communist China, specifically focusing on the resources and liabilities inherited by the new regime in 1949 and their effects on development policies. He then analyses the economic objectives of the Communist leadership - narrowing income disparities, maintaining full employment without inflation, and achieving rapid industrialization - and argues that the implementation of these goals required a potent ideology capable of providing a strong faith and motivational force for the mass mobilization of resources. In discussing the methods used by the government to achieve its aims, Eckstein makes a thorough evaluation of China's general framework for economic planning, particularly in regard to the distribution and pricing of farm products and the allocation of resources in the industrial sector. The author also evaluates the radical institutional changes in property relations and in economic organization in the People's Republic of China.
 

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Contents

Development strategies and policies in contemporary China
31
Property relations and pattems of economic organization
66
The resourceallocating system
110
The quest for economic stability
159
Economic development and structural change
191
The role of foreign trade in Chinas economic development
233
The Chinese development model
277
model
311
Notes
321
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