Economic Reform under Deng Xiaoping 0.0 / 5 ? HistoryCommunism in CrisisInternational BaccalaureateNone Created by: Naomi HefferCreated on: 25-09-14 14:48 What was the Chinese economy like in 1976? Wasteful, bureaucratic, inefficient, technologically backward, unproductive 1 of 12 What was wrong with Hua's 10 year plan? Focused on heavy industry, involved moving many workers from agriculture to ambitious new industrial projects- too ambitious, not enough capital 2 of 12 What were the Four Modernizations? Agriculture, Industry, Science & Technology, Military 3 of 12 What was the 'Market Mechanism'? Economic policy of decentralisation 4 of 12 What was the Household Responsibility System? A system implemented in the early 1980's which allowed families to run their own private plots and sell surplus crops for profit. 5 of 12 What was the Open Door Policy? An economic policy allowing trade with the West 6 of 12 What were Special Economic Zones? Areas where foreign investment was encouraged 7 of 12 What were Township and Village Enterprises? Small, private businesses set up in rural China which were involved in providing services and light industry 8 of 12 What was the 'Iron Rice Bowl'? Complete job and wage security for state employees 9 of 12 In what year were diplomatic relations with the USA restored? 1979 10 of 12 In what year did China join the IMF and World Bank? 1980 11 of 12 What were the main consequences of economic reform? Social inequality, 10% economic growth per year, unemployment, inflation, loss of job/wage security, consumer goods, private ownership 12 of 12
Comments
No comments have yet been made