RAS Global AffairsПроблемы Дальнего Востока Problemy dalnego vostoka

  • ISSN (Print) 0131-2812
  • ISSN (Online) 2712-9098

Some Aspects of the PRC Economic Development During 60 Years (1949—2009)

PII
S0131-28120000619-5-1
DOI
10.7868/S20000619-5-1
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume / Issue 6
Pages
45-55
Abstract
We can divide 60 years of the PRC history of social and economic development into two even parts: 1949-1978 - a period of administrative and command planned economy; 1978-2008 - a period of economic reforms and transition from planned to market economy. By the end of 1970's it became clear, that planned economy was not able to provide the fulfillment of basic social and economic tasks for the Chinese society - to reach social and economic level of developed countries and to promote satisfactory living standards for the population. As a result of economic reform today China is one of the world leaders by gross domestic product (GDP); living standards of the population increased, and the country is successfully solving the task of building the "xiaokang" (small welfare) society.
Keywords
social and economic development, PRC, economic reform, planned economy, market economy, ownership theory, inflation, “two-tired” price system, market demand, a strategy of comparative advantages
Date of publication
01.11.2009
Year of publication
2009
Number of purchasers
0
Views
899

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