Impacts of the economic reform 1976 - 1997 Flashcards
(17 cards)
economic reform
investment
Sezs more foreign investment SUCCESS
technology transfer
economic reform
rivers
Development triangles increase trade on rivers
economic reform
capitalist economy
‘socialist market economy’ SUCCESS open to capitalist market
economic reform
vulnerable
BUT vulnerable to booms and recessions
‘to get rich is gloriuos’
Successes
growth trade
500%
Successes
growth agriculture
Leases not garanteed renewed 15 years didnt invest in land but still agriculture grew
Success
not employment
10%
Success
inflation
1994 inflation 24.1% did somewhat decline
success
gdp
GDP signif grrowth every year not consistant booms nd recessions
Tenth largest exporter
Society
communes
‘Household responsibility system’, communes to xiang good oportunity to sell surplus and handicraft like silk grew
Society
1 child
1 child policy forced abortion steralisation
Society
food shortages
Exchange food subsidy wheat rice change fixed prices cause panick buying and food shortages, became a net grain importer
Society
Development zones low labour costs= bad work conditions EZs millions migrant workers many women rural areas long hours low wages ban talking, restrict toilet use, live in dorms, permission to marry/leave compound, punishment reduce wages, beatings, accidents common low health and safety
Society
Over pop countryside migrate to cities
Society
World bank report hundred of thousands premature deaths illness from respiratory from pollution, water contaminated by industry not safe consumption
Society
Party cadres first to know about plans manipulated advantage and farmers sold land high process new development areas
Society
Millionaires grew
Crime drug abuse prostitution corruption in 80s
Cadres=bribery, misuse public funds, business deals BUT undermined CCP rule, not ‘of the people’
