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INDIA AND CHINA
- Words:
- 1481
- Submitted:
- Thu Jul 03 2008
- Mark submitted by Author:
Have a little read: ... INDIA AND CHINA CHINA: * Historical: ==> Their economic development started with the 'Great Leap Forward' economic campaign started in 1958. People were encouraged to start industries on a massive scale. In the commune system, people collectively owned the lands. ==> 'GLF' campaign met with problems --> severe drought, 30 million deaths, and conflicts with Russia (hindered industrialization). ==> In 1965- Mao Ze Dong started the 'Great Proletarian Cultural Revolution'. Professionals and students were sent to the countryside to learn and work. ==> Present day economic growth in China can be traced back to the reforms that were introduced in 1978. ==> Initially, reforms were introduced in agriculture, foreign trade and investment. ==> In agriculture, for instance, commune lands were divided into small plots and allocated to individual houses. Income could be kept after paying taxes. ==> In the later phase, reforms were introduced in the industrial sector. Private sector firms were allowed to produce goods and
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