Wednesday, May 6, 2020

Chinas Economic Growth Process in a Nutshell - 1688 Words

Introduction: China has achieved brisk economic growth since late 1970’s, with an average annual growth rate of 9.8% over the past 27 years. Such economic growth owes not only to economic reform began at the end of 1978, when the third session of the Central Committee of the 11th National Congress of Chinese Communist Party was held and later regarded as a landmark in the existing Chinese history, but also to administrative reform accompanying with economic reform. Administrative reform has been collectively acknowledged as an vital part of the development process. In order to meet the challenges of rapid socioeconomic changes and domestic and international pressure, the concept of administrative system in China has a broader reporting than it is usually tacit. It is a imitative of political system, and some rudiments in administrative system are even inherent components of the political system. While the administrative system in China has been under consecutive reform and adjustment ever since the People’s Republic of China was founded in 1949, this report only focuses on the administrative reform since the beginning of 1980’s, when China began to budge its overall model of governance and start reforms in all rounds. Whereas the reform of economic system in China is quite well known to the world, the reform in public administration may not be so. In fact, to become accustomed to the transition from designed economy to market economy in particular, and to the change ofShow MoreRelatedModernization Of A Progressive Transition From A Modern Society1334 Words   |  6 Pagessociety. A theory, called â€Å"Modernization Theory† is used to explain the process of modernization within societies. The theory assumes that â€Å"pre-modern† countries can be developed into â€Å"modern† countries with assistance from other countries and if they adopt more modern practices. Modernization theory looks at different aspects of the country. It looks at the social progress, internal dynamics, adaptation of new technologies, economic development, industrialization and some argue, democratization. ManyRead MoreEssay on Comparative and Absolute Advantage4211 Words   |  17 Pagesand advantages . Each international trade between the countries depends on numerous focal points of this exchange process. The economics and producers effectiveness measured by absolute advantage for these economics/producers. For example; if the producer needs lesser amount of contributions/inputs to provide specific product, then this producer has an absolute advantage in producing process. 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