equally worthwhile because of its insights into the failings of central planning and the origins of the reforms. Despite the dominance of state ownership in finance, telecommunications, petroleum and other important sectors of the economy, private entrepreneurs continue to expand into sectors formerly reserved for public enterprise. "Deng Undone: The Costs of Halting Market Reform in China". Special Economic Zones (SEZs) were created in the early 1980s to attract foreign capital by exempting them from taxes and regulations. The economy stagnated beginning in the 16th century 3 and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s. The China Miracle: Development Strategy and Economic Reform. 18 Despite Deng's death in 1997, reforms continued under his handpicked successors, Jiang Zemin and Zhu Rongji, who were ardent reformers. For the period 19782005, Chinese GDP per capita increased from.7.7.S.
71 Herman Kahn explained the rise of Asian economic power saying the Confucian ethic was playing a "similar but more spectacular role in the modernization of East Asia than the Protestant ethic played in Europe". In the 2000s, the Bush administration pursued protectionist policies such as tariffs and"s to limit the import of Chinese goods. The, national Development and Reform Commission of the People's Republic of China nDRC formerly, state Planning Commission and, state Development Planning Commission, is a macroeconomic management agency under the, chinese State Council, which has broad administrative and planning control over the. Soviet Union social-control and policy shifts whose name translates as "openness and reform/restructuring see glasnost and perestroika. 64 Due to the weakness of the banks, firms raise most of their capital through an informal, nonstandard financial sector developed during the 1980s and 1990s, consisting largely of underground businesses and private banks.
Chinese economic reform, wikipedia
Look at Chinese Reforms in the Twentieth Century, Brizilian economics, Martin Luther The Great Reformer,