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Market Reforms and Consumerism in China and the Soviet Union

Verhoeven, Menno LU (2017) EKHR81 20161
Department 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)
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author
Verhoeven, Menno LU
supervisor
organization
course
EKHR81 20161
year
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},
}