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China

The purpose of this report is to consider what China has done since 1978 to open its door to foreign trade and investment. A historical analysis of this issue, will be followed by a discussion of China's efforts to become a member of the World Trade Organization (WTO). In general, China has moved in some ways to adopt some of the policies more typical of democratic countries than of communist countries. These movements, called reforms, have not focused on government itself. They have focused on a restructuring of China's economic and market system to bring those systems into closer conformity to the free market system of the capitalist West. The nature, economic rationale and impact of the reformist policies introduced in China after 1978 have attracted attention, particularly as China's rapid economic growth spurt of the 1980s seemed likely to continue to reshape the economy into a market orientation (Ash and Kueh, p. 495).

China's growth record during the 1980s was impressive. The government adopted a series of reforms that embraced rapid growth, major structural change and unprecedented improvements in living standards for the majority of the population (Ash and Kueh, p. 496). While the reformist policies of the Peking government were largely responsible for this growth, some problems and difficulties also emerged. Central to the economic question is the continuing issue of population growth. Control of population growth and the avoidance of inflation, which has also risen, are key factors in the possible success of further reform measures now being contemplated (Ash and Kueh, p. 496). The Chinese government has long recognized that uncontrolled population growth is not good for economic growth, and measures to limit family size through forced birth control and abortion have been somewhat successful in slowing, if not halting, population increases (Xueyi, pp. 270-274). Under the administration of Deng Xiaoping, Chin...

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China. (1969, December 31). In LotsofEssays.com. Retrieved 09:17, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1685225.html