1. China's Unnatural Development Strategy
At the time the first Five Year Plan was being formed, China's economy was predominantly agricultural. ... China's leaders believed that the sooner they were able to establish a heavy-industry oriented economy, the sooner they would reach the same economic level as the West. ... According to Lin (1996), China's leaders realized that in order for both the country and the regime to survive, the economy had to be developed quickly and made independent. ... They believed that by skipping the step of light-industry development, they would be able to avoid this problem. ... A he...
- Word Count: 1745
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate