Faculty Publications

Title

Second-phase of China's economic reform: crossing the Rubicon divide?

Document Type

Article

Journal/Book/Conference Title

Journal of Third World Studies

Volume

11

Issue

2

First Page

82

Last Page

99

Abstract

China since 1992 has simultaneously pursued two goals: accelerating economic development and further transforming the economic system. This development strategy has generated record-high growth rates and such negative consequences as rampant inflation, rising social tension, corruption, financial chaos, and strained relations between local and central governments. A review of these problems and suggestions for managing them are made, highlighting possible future difficulties and dangers in the pursuit of rapid growth. -from Author

Original Publication Date

1-1-1994

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