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China – Development in Progress, How a shift in the Political System is Changing China’s Economic Path

Wittenberg, Nico LU (2012) EKHR81 20121
Department of Economic History
Abstract
This paper is arguing that China’s political and economic opening in 1978, also referred to as China’s open door policy, was initiated by a change within China’s institutions affecting the political as well as the economic system. Since the opening in 1978 up until today (2012), constant economic reforms and developments as well as political progress can be observed. Domestic examples of China’s political and economic developments can be found by looking at the increase of property rights, the establishment of a private sector economy, the development of a democratic system on the grassroot level for village elections, the increase in the Human Development Index (HDI) and the massive reduction of poverty. Global examples can be seen in the... (More)
This paper is arguing that China’s political and economic opening in 1978, also referred to as China’s open door policy, was initiated by a change within China’s institutions affecting the political as well as the economic system. Since the opening in 1978 up until today (2012), constant economic reforms and developments as well as political progress can be observed. Domestic examples of China’s political and economic developments can be found by looking at the increase of property rights, the establishment of a private sector economy, the development of a democratic system on the grassroot level for village elections, the increase in the Human Development Index (HDI) and the massive reduction of poverty. Global examples can be seen in the fast increase in China’s total trade volumes since 1978 and the interconnections of the global and the Chinese marketplace, as well as China becoming the second largest economy worldwide and its joining the World Trade Organization (WTO) in 2001. All these developments can be traced back to institutional progress in the political sector, setting off a process of liberalization, also referred to as “Federalism Chinese Style”, which directly correlates to China’s rapid economic growth. (Less)
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author
Wittenberg, Nico LU
supervisor
organization
course
EKHR81 20121
year
type
H1 - Master's Degree (One Year)
subject
keywords
Federalism Chinese Style, WTO, Household Responsibility System, Open Door Policy, Deng’s Southern Tour, Decentralization, Private Sector, Development, Reform, Bottom up Reform, Grassroots Democracy
language
English
id
3045967
date added to LUP
2012-10-08 12:55:53
date last changed
2012-10-08 12:55:53
@misc{3045967,
  abstract     = {This paper is arguing that China’s political and economic opening in 1978, also referred to as China’s open door policy, was initiated by a change within China’s institutions affecting the political as well as the economic system. Since the opening in 1978 up until today (2012), constant economic reforms and developments as well as political progress can be observed. Domestic examples of China’s political and economic developments can be found by looking at the increase of property rights, the establishment of a private sector economy, the development of a democratic system on the grassroot level for village elections, the increase in the Human Development Index (HDI) and the massive reduction of poverty. Global examples can be seen in the fast increase in China’s total trade volumes since 1978 and the interconnections of the global and the Chinese marketplace, as well as China becoming the second largest economy worldwide and its joining the World Trade Organization (WTO) in 2001. All these developments can be traced back to institutional progress in the political sector, setting off a process of liberalization, also referred to as “Federalism Chinese Style”, which directly correlates to China’s rapid economic growth.},
  author       = {Wittenberg, Nico},
  keyword      = {Federalism Chinese Style,WTO,Household Responsibility System,Open Door Policy,Deng’s Southern Tour,Decentralization,Private Sector,Development,Reform,Bottom up Reform,Grassroots Democracy},
  language     = {eng},
  note         = {Student Paper},
  title        = {China – Development in Progress, How a shift in the Political System is Changing China’s Economic Path},
  year         = {2012},
}