Economic Systems: Why is Communist China doing so well? Micro Topic 1.2
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10 سال پیش
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My thoughts and reflections after
My thoughts and reflections after visiting Xiamen, China in March 2014. Please note that this is not designed to be a comprehensive overview of the Chinese economic system. Many important facts were omitted.
Most of the communist policies in the mid-1900s ended in disaster. The creation of Special Economic Zones (SEZs) and freer markets in 1979 significantly improved China's economy. Although run by the Communist Party, today's China is definitely a mixed economy. Like I said in the video, don't assume that everything is perfect. Civil liberties are lacking and there are still misguided government polices. The most obvious is the growing housing bubble.
I'm not sure where China will go in the future, but moving toward freer markets is a step in the right direction. Central planning was getting them nowhere.
Need help? Check out the Ultimate Review Packet: https://www.acdcecon.com/review-packet
Most of the communist policies in the mid-1900s ended in disaster. The creation of Special Economic Zones (SEZs) and freer markets in 1979 significantly improved China's economy. Although run by the Communist Party, today's China is definitely a mixed economy. Like I said in the video, don't assume that everything is perfect. Civil liberties are lacking and there are still misguided government polices. The most obvious is the growing housing bubble.
I'm not sure where China will go in the future, but moving toward freer markets is a step in the right direction. Central planning was getting them nowhere.
Need help? Check out the Ultimate Review Packet: https://www.acdcecon.com/review-packet
10 سال پیش
در تاریخ 1393/01/05 منتشر شده
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