The economy of Communist China, 1949-1969 : with a bibliography of selected materials on Chinese economic development

Economic development in mainland China during the first two decades of Communist control provides a typical example for the difficult task to transform a vast underdeveloped agrarian economy into a modern industrial one. In the first half of this period, a series of massive transformations of social and economic institutions was accompanied by a drafted industrialization program; the result was an impressive speed-up in economic growth. The second decade witnessed an economic crisis (1960–62) and a political upheaval (1966–68). These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate. The Economy of Communist China reviews selected aspects of the economy. After examining the development strategy, it analyzes the quantitative trends and the structural changes. The book goes on to analyze the key factors contributing to the earlier growth and the elements responsible for the later disruption and finally assesses the impact of the Cultural Revolution on the Chinese economy and the prospects of the current Third Five-Year Plan. The text includes a bibliography of selected materials on Chinese economic development. Economic development in mainland China during the first two decadesof Communist control provides a typical example for the difficulttask to transform a vast underdeveloped agrarian economy into amodern industrial one. In the first half of this period, a seriesof massive transformations of social and economic institutions wasaccompanied by a drafted industrialization program; the result wasan impressive speed-up in economic growth. The second decadewitnessed an economic crisis (1960-62) and a political upheaval(1966-68). These disruptions marred the economic performance overthe period as a whole. Consequently, the long-term growth rateappears to have been only moderate. The Economy of CommunistChina reviews selected aspects of the economy. After examiningthe development strategy, it analyzes the quantitative trends andthe structural changes. The book goes on to analyze the key factorscontributing to the earlier growth and the elements responsible forthe later disruption and finally assesses the impact of theCultural Revolution on the Chinese economy and the prospects of thecurrent Third Five-Year Plan. The text includes a bibliography ofselected materials on Chinese economic development Cover Title Copyright Contents I. The Changes in Development Strategy The Unbalanced Growth Strategy, 1949-57 The Great Leap Forward, 1958-60 The Adjustments, 1961-65 The Modified Great Leap Scheme, 1966- II. The Quantitative Trends of Output The Over-all Growth Rate Growth of Industrial Output Agricultural Production III. The Changes in Economic Structure IV. Factors Contributing to Economic Growth V. Non-Economic Elements Affecting Growth VI. Recent Developments and Prospects VII. Concluding Remarks A Bibliography of Selected Materials on Chinese Economic Development