Author Question: China's late-20th-century economic reforms (Read 87 times)

allihubbard · **on:** Jun 27, 2022

Question 1

China's government has pursued which of the following paths of development?
◦ Marxist development
◦ export-substitution development
◦ laissez-faire capitalist development
◦ export-oriented, market-based development
◦ hierarchical economic development

Question 2

China's late-20th-century economic reforms
◦ led to growth rates exceeding 10% per year between 1990 and 2010.
◦ were called the "Great Leap Forward" and was the economy's period of strongest growth.
◦ were only possible because of the radicalism started during the Cultural Revolution.
◦ were achieved despite a trade imbalance of American imports exceeding Chinese exports.
◦ have been completely capitalist and with no elements of a command economy.

jojomac20 · **Reply #1 on:** Jun 27, 2022

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