Economie de la Chine 16 février ' (1978-2005) et articulation rurale-urbaine Sandra Poncet Email: sandra.poncet@univ-paris1.fr
Séance 2
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Transition vers l'économie de marché (1978-2005)
Articulation rural-urbaine
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Reforms (1978-2005) I-Situation before the reforms A-Mean features B-Problems
II-Reforms A-Incentives for reforms B-Approach and start C-A two-phase framework 1-Transition through 1992 2-1993-present
Conclusion: Outcomes and Challenges
Introduction
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The choice of heavy industry oriented strategy to promote overall industrialization and economic development Hoffmann’s law Political & military situations called for defense improvement Constraints of small market and inadequate demand
This choice was in direct conflict with China's resource endowments and abilit to mobilize resources: “anti-com arative advanta e, leap forward development strate (Lin et al., 1996) Scarcity of capital Scarcity of foreign exchange Inability to mobilize funds