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CHINA’S ECONOMIC REFORMS DURING 1993-2013

Ecoforum Journal

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Field Value
 
Title CHINA’S ECONOMIC REFORMS DURING 1993-2013
 
Creator MICU, Liviu Alexandru; Academy of Economic Studies Bucharest
 
Subject reforms, socialist market economy, economical system, monetary policy
P31, J43, B24
 
Description The socialist market economy is the economical system used by the People’s Republic of China. This type of economy is based on the prevalence of the state system, which permanently interacts with an open market economy. The rationale behind the initiation of such an economical system is the fact that China economy was in an early stage of capitalism, and the principles of capitalist development would have been able to bring prosperity, according to Deng Xiaoping opinion. He wanted to insert market inside the planned economy, and he finally managed to succeed by creating the concept of "State capitalism". In this paper I will highlight the main reforms of the Chinese economical system, during 1993-2003, outlining the way followed by China from a controlled economy to a market one.
 
Publisher Association of Educational and Cultural Cooperation Suceava from Stefan cel Mare Universit
 
Date 2016-02-01
 
Format application/pdf
 
Identifier http://www.ecoforumjournal.ro/index.php/eco/article/view/317
 
Source Ecoforum Journal; Vol 5, No 1 (2016)
 
Language en
 
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