The Pros And Cons Of Deng Xiaoping

with China is how Japan received a lot of their ideas. It was safer for Japan to trade than it was

Western incursion into China and Japan is a key factor as to how these countries developed economically and socially. While China and Japan were trying to get on their feet and figure out the standards in which to run their countries, the West was escalating in both power and ambitions. The escalation meant growth in European fire arm power which allowed the European countries to make their way into China and Japan without China and Japan being able to stop them because they were not as strong at this point. However, China and Japan both responded to European influence in very different ways. Under the influence of Western imperialism, China was hindered in the process of structural change and industrialization in their society, where as,

Since the start of the 20th century, with the fall of the Qing dynasty, when China was in shambles with no industry, a corrupt government and no international presence, all the way up until today, where China has evolved into one of the strongest internationally recognized countries with a highly globalized market, the relationship between the Chinese people and its government has been debated on whether or not Chinese society is one ruled and dominated by a central government or a society where social change occurred because of bottom-up forces leading to a government for the people. China, since 1949, has been a country, which has been run by a single party state, known as the CCP (Chinese Communist Party). The CCP is organized under the basis of a central, unchallenged party governing the people by the means of communism. Throughout the past century, the CCP has dictated and maintained a rule over the livelihood of its people by monopolizing Chinese politics and penalizing those who opposed it, through central command planning and on the other spectrum, radical economic reforms at the end of the 20th century in the interest of keeping the CCP in power.

China is the second largest economy in the world. It has become the fastest growing economy in the world with an average rate of 10% for the last thirty years. The largest exporter and second largest importer of goods has brought China to be ranked first in the foreign exchange reserves. The country with thousands of years of history, started off and continues today as mostly an agrarian economy. Over time China's economy continues to change and prosper. Starting with the first economic change in the early twentieth century, which occurred when the GMD (the Nationalist Party) lost control due to its poor economic performance. This in turn led to their defeat by the CCP. During that time many peasants lost their farmland and this led to a peasant

Between the late nineteenth century and early twentieth century, Japan’s economy developed remarkably. China had also developed economically; however, not near as much as Japan. The Japanese government industrialized greatly and encouraged western influence, but the Chinese government did the opposite.

The Great Depression, which occurred in 1929, devastated the economy of many counties worldwide, including Japan. Thus, many sought for imperialism as the answer, such as the Western power and Japan. Japan targeted China, planning on taking advantage of the turmoil that was taking place inside the country, greatly devastating the country by military power. Watching closely over the feud between the Chinese Nationalists and Communists, Japan waited for the perfect opportunity. (Beck et. alt. 481)

China has always been renowned for being successful in the domains of science and arts, however in previous decades, China has been ravaged by famines, civil discomfort and foreign outsourcing. China was consumed by this injustice until well after the Second World War when Mao Zedong introduced Communism adapted from the U.S.S.R, and created an autocratic socialist system which imposes firm constraints upon the Chinese social, political and economic system. It wasn't until the 1980's China's following leader Deng Xiaoping who focused focused on developing China into a

Globalisation is the process of global economic, political and cultural integration performed through deterioration of protectionist policies to result in growth of international trade, investment and capital flows. The globalisation phenomenon is playing increasingly important role in advanced, emerging and developing economies in affecting domestic industries. Although globalisation has positively impacted Australia and China, counties such as Zimbabwe have faced increased discrepancies in income inequality and poverty levels and caused disruptive structural changes. Through implementing policy reforms from 1970s to 1990s, China’s microeconomic and macroeconomic policies have attracted globalisation resulting in economic growth and development, however the government has to face

China and Japan had fallen on hard times leading up to the 19th and 20th Century. Both China and Japan reigned as perhaps the two most successful countries in east Asia for most of their storied histories. China had been the center of trade between the west and east for hundreds of years, and economically was as wealthy as one could imagine. Japan, residing on an island off the coast of Korea, was traditionally rather isolated through its rule by Shoguns and Samurai. However, several factors led to their eventual downfalls before they could recover. For China, a corrupt Qing rule, unbalanced trade relations with the west, and a country-wide opium crisis had set China back tremendously. Japan’s

China's transition from the leadership under the iron fist of Mao Zedong to the more liberal Deng Xiao Ping gave the People's Republic a gradual increase in economic freedom while maintaining political stability. During Mao's regime, the country focused on bolstering and serving the community, while subsequently encumbering individual growth and prosperity. Deng advocated a more capitalist economic ideology, which established China as an economic force in the global community while endowing its citizens with more liberties and luxuries than previously granted.

“I don’t care if the cat is black or white, I just want it to kill the mice.” - Deng Xiaoping.

Feeling this was not enough to boost the economic up, Deng loaned money from IMF and the World Bank “to upgrade machinery and establish new manufacturing and industrial development” (Benson, 48). He opened a total of five towns and villages as SEZs and allowed foreign investors to build factories and hire Chinese to work for them. It might not be the best way to reform the economic as a whole, but it played an important role because it benefited the Chinese workers, the investors, and the Chinese government. During the 1980s, Deng promoted the “open door” policy to encourage foreign investment and to trade with the world. China needed larger quantities of raw materials to fuel its industrial growth so they signed contracts for minerals, timer, and so forth. It had not only provided China with raw materials that were needed, but also improved the relations with other neighbor counties and the US.

We will begin our analysis of these questions by examining China’s economy at the time of Deng Xiaoping’s accession to power in 1978 and the economic growth strategy he and his successor implemented which ultimately led China to ascension into the WTO. We will then review various conditions imposed upon China by the WTO and how China reacted to those changes and to what extent these lead to China’s current status and interaction

From post-1976 onwards, Deng Xiaoping and his conservative pragmatist government would bring great reform to China, which would allow her to tide over the troubles caused by the crisis in communism. Indeed, it would seem that his economic reforms were the main reason for China's survival, as opposed to political reform. Under Deng Xiaoping, action was taken to move China from a Soviet-style command economy to a more capitalist market economy. On the other hand, political reform was not as pronounced as Deng wished to retain the traditional communist style of party dictatorship.

The purpose of this essay is to show how the economy of China has, and is changing, becoming the second largest economy in the world today. Although China is currently under the leadership of Xi Jinping, this essay will concentrate primarily on the actions undertaken by then President Mao Zedong, followed by then President Deng Xiaoping, (sans mention of Hua Guofeng). Given the relative infancy of Xi’s assumption of power, economic policies still remain largely rhetorical in form. Likewise, the majority of literature concerning economic policies under Xi are largely speculative, often citing strategies and ambitions as opposed to thereby, lacking a solid basis for rational induction In addition to China’s lack of transparency, In addition, it will be shown that the methodology behind the Chinese economy demonstrates the implementation of varying levels of the characteristics associated with the schools of Realism, Marxism and Liberalism. Thus, China’s approach to global trade in the 21st Century is pluralistic, testamentary to the failed economic