Market Reforms and Consumerism in China and the Soviet Union
(2017) EKHR81 20161Department of Economic History
- Abstract
- Capitalizing reforms would come to China in 1978, and to the U.S.S.R. in 1985. While the Chinese reforms have been uninterrupted to the modern day, similar reforms in the Soviet Union would lead to its collapse, and to the adoption of capitalism by the Russian Federation. These 'communist' economic reforms were political movements informed by ideology, but China’s more effective reforms resulted from a lesser emphasis on maintaining a communist ideology. China's methodical approach to reform carried the full strength of their central government – where the U.S.S.R.'s capitalism (under Perestroika), was a palliative accompanied by disastrous political liberalization that led to a ‘reflexive’ adoption of capitalism after the Soviet collapse.... (More)
- Capitalizing reforms would come to China in 1978, and to the U.S.S.R. in 1985. While the Chinese reforms have been uninterrupted to the modern day, similar reforms in the Soviet Union would lead to its collapse, and to the adoption of capitalism by the Russian Federation. These 'communist' economic reforms were political movements informed by ideology, but China’s more effective reforms resulted from a lesser emphasis on maintaining a communist ideology. China's methodical approach to reform carried the full strength of their central government – where the U.S.S.R.'s capitalism (under Perestroika), was a palliative accompanied by disastrous political liberalization that led to a ‘reflexive’ adoption of capitalism after the Soviet collapse. Consumer spending data will show that China’s reform has been the more effective of these two, and China is far more likely than Russia to maintain its stability and productivity over time. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8925372
- author
- Verhoeven, Menno LU
- supervisor
- organization
- course
- EKHR81 20161
- year
- 2017
- type
- H1 - Master's Degree (One Year)
- subject
- language
- English
- id
- 8925372
- date added to LUP
- 2017-11-03 11:40:25
- date last changed
- 2017-11-03 11:40:25
@misc{8925372, abstract = {{Capitalizing reforms would come to China in 1978, and to the U.S.S.R. in 1985. While the Chinese reforms have been uninterrupted to the modern day, similar reforms in the Soviet Union would lead to its collapse, and to the adoption of capitalism by the Russian Federation. These 'communist' economic reforms were political movements informed by ideology, but China’s more effective reforms resulted from a lesser emphasis on maintaining a communist ideology. China's methodical approach to reform carried the full strength of their central government – where the U.S.S.R.'s capitalism (under Perestroika), was a palliative accompanied by disastrous political liberalization that led to a ‘reflexive’ adoption of capitalism after the Soviet collapse. Consumer spending data will show that China’s reform has been the more effective of these two, and China is far more likely than Russia to maintain its stability and productivity over time.}}, author = {{Verhoeven, Menno}}, language = {{eng}}, note = {{Student Paper}}, title = {{Market Reforms and Consumerism in China and the Soviet Union}}, year = {{2017}}, }