1. Planned Economy to Market Economy - China and the Soviet Union
In comparison, China's experience was completely opposite as there was a dual existence of the state sector i.e. a planned economy and the market " the former acted as a foundation and breeding bed for the latter to grow. 3. ... According to Naughton, the CCP was able to provide a job to almost all urban residents in the early stages of the reform (Naughton, 1994). ...
- Word Count: 1874
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate