Analyze Effectiveness of Different Economic Systems In China
I. Table of contents
II. Introduction
China, as one of the most important economic entities in the world, plays a pivotal role. Because of its special economic system form and its creative economic system transition, China gets an impressive economic growth. China fixes whole worlds’ people’s eyes upon it. As we all know that, from 1970’s to 1980’s there was a significant change in Chinese economic history. The economic system changed from socialist planned economy to socialist market economy.
This paper is aim at to introduce different type of economic systems exist or existed in China and evaluate how they performance. There will be 2 main parts in this essay which are performance description and evaluation. In this essay, we will discuss following questions. What are socialist planned economy and socialist market economy? Is there and relationship between these two kinds of economic system, and what are their characters? Did these two economic systems affect people’s life? And did they work well? Is there any benefits or drawbacks?
III. Background
Socialism means a system for both economy and society. But in this paper, we just talk about economic area. Socialism is a term refers to public rather than private ownership or control of property and natural resources (socialism). This concept was getting mature in 2 stages.
The first stage is called “Utopian Socialism”. In 1515－1516, Sir Thomas More wrote a book which is named as “Utopia”. In this book, Thomas More described a perfect country which will never exist. People share all resources; distribute all products as people needed; everybody participate in production (Baidu Baike). Based on this idea, the idea of socialism came up in early 19th century in Europe (Newman, 2005). Socialist wanted to change social system base on this theory. But they have to end up social transformation with fail.
The second stage is a scientific stage. In this period, people tried to use
II. Introduction
China, as one of the most important economic entities in the world, plays a pivotal role. Because of its special economic system form and its creative economic system transition, China gets an impressive economic growth. China fixes whole worlds’ people’s eyes upon it. As we all know that, from 1970’s to 1980’s there was a significant change in Chinese economic history. The economic system changed from socialist planned economy to socialist market economy.
This paper is aim at to introduce different type of economic systems exist or existed in China and evaluate how they performance. There will be 2 main parts in this essay which are performance description and evaluation. In this essay, we will discuss following questions. What are socialist planned economy and socialist market economy? Is there and relationship between these two kinds of economic system, and what are their characters? Did these two economic systems affect people’s life? And did they work well? Is there any benefits or drawbacks?
III. Background
Socialism means a system for both economy and society. But in this paper, we just talk about economic area. Socialism is a term refers to public rather than private ownership or control of property and natural resources (socialism). This concept was getting mature in 2 stages.
The first stage is called “Utopian Socialism”. In 1515－1516, Sir Thomas More wrote a book which is named as “Utopia”. In this book, Thomas More described a perfect country which will never exist. People share all resources; distribute all products as people needed; everybody participate in production (Baidu Baike). Based on this idea, the idea of socialism came up in early 19th century in Europe (Newman, 2005). Socialist wanted to change social system base on this theory. But they have to end up social transformation with fail.
The second stage is a scientific stage. In this period, people tried to use