China's Economic Revolution by Alexander Eckstein

By Alexander Eckstein

Professor Eckstein's ebook is a research of China's efforts to accomplish speedy modernization of its economic system inside of a socialist framework. Eckstein starts with an exam of financial improvement in pre-Communist China, particularly targeting the assets and liabilities inherited by way of the hot regime in 1949 and their results on improvement guidelines. He then analyses the commercial targets of the Communist management - narrowing source of revenue disparities, holding complete employment with out inflation, and reaching fast industrialization - and argues that the implementation of those objectives required a powerful ideology in a position to offering a powerful religion and motivational strength for the mass mobilization of assets. In discussing the tools utilized by the govt to accomplish its goals, Eckstein makes a radical review of China's common framework for financial making plans, fairly in regard to the distribution and pricing of farm items and the allocation of assets within the commercial region. the writer additionally evaluates the novel institutional alterations in estate relatives and in financial association within the People's Republic of China.

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6 This grows out of the conviction that if ". . "7 Very significant operational and policy consequences follow from this vision of communist man possessed with these particular attributes of selfdenial, total commitment, energy, struggle, initiative, and inventiveness. The stress on "men over machines" or "men over weapons" or "better red than expert" logically follows from the above vision of communist man. This does not mean that Mao necessarily believed that man in Chinese Communist society actually conforms to this ideal.

By 1930, the absolute import levels began to decline as well. This branch of the textile industry continued its growth after 1949- so much so that by 1955, China became a large net exporter of cotton cloth. This represents the consummation of the second cycle - the cotton cloth cycle - in the development of the industry. The third and final phase can be traced in terms of textile-manufacturing equipment. As the industry grew, its demand for textile machinery naturally grew as well. This demand was initially satisfied through textile machinery 24 China s economic revolution imports.

Finally, it was hoped that organizational changes would foster labor mobilization, with the increasing applications of this labor to be used for raising the intensity of land use. In effect, it was thought that increasing input applications based on traditional technology could raise agricultural output sufficiently to meet the simultaneous demands of industrialization and a growing population. These attempts to increase agricultural output through organizational measures and primary reliance on traditional inputs reached their culmination point during the Great Leap Forward of 1958 and 1959.

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