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Agriculture in North China Essay Example

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Agriculture in North China

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Reasons for China’s improvement in economic performance are: effective re-allocation of resources both human and physical; adaptation of foreign technologies to their factor proportions, and successful utilization of opportunities for specialization which arise from integration into the world economy.China’s economic reforms leading to increasing economic growth and transition, the causes and effects of the evolving changes have been discussed by Woo (p. 115), and his approach has been challenged by another senior economist Rawski, in a debate with contrasting perspectives from both sides. Rawski’s belief that China’s high growth is the result of successful economic experimentation, is countered by Woo that China’s good economic performance since 1978 is due to “increasing liberalization, internationalization and privatization of economic activities” (p. The difference in perspectives is directly related to what the two schools have identified to be the root cause of economic growth in China: the former’s experimentalist school denotes non-capitalist institutions to be the reason; whereas the latter’s convergence school attributes it to the quick absorption of surplus agricultural labour, of which there is a large pool in China. It is clear that if the convergence school is correct, then the experimentalist school’s emphasis on gradual reform in order to give time to new, non-capitalist institutions to appear, will result in a “high human cost in slower economic growth, and thereby a slower absorption into the economy of China’s large pool of surplus labour” (Woo: 137). Successful, quick and continuous implementation of strategies and programs to utilize surplus labour in the agricultural sector, especially in North China, is observed to be a viable method of promoting economic reform.China’s policies for economic development have included a series of important innovations since the Third Plenum of the Eleventh Central Committee in December 1978. Rethinking of previously formulated goals and reassessment of experiments served to implement adjustments in economic policy that followed. “The problem of raising agricultural output and productivity still remains the most fundamental issue in China’s developmental strategy” (O’ Leary & Watson: 119-120). The media and the major economic journals examined a wide range of issues related to improving the performance of the agricultural sector: the agricultural price

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preview essay on Agriculture in North China
  • Pages: 23 (5750 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Ph.D.
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