Sources of Chinese Economic Growth, 1978-1996 (Studies on Contemporary China (Oxford Hardcover)) Review

Sources of Chinese Economic Growth, 1978-1996 (Studies on Contemporary China (Oxford Hardcover))
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Sources of Chinese Economic Growth, 1978-1996 (Studies on Contemporary China (Oxford Hardcover)) ReviewThis important book provides both an intensive study of how and why the Chinese economy grew after 1978, and a wide-ranging discussion of the conditions of economic growth. He examines and refutes the simple, capitalist explanation for China's high rate of growth, that Mao's death in 1976 ended socialism, unleashing the productive powers of capitalism.
Bramall argues that a combination of state-led industrial policy and the favourable infrastructural legacies of the socialist era produced China's growth. He shows that industrialisation was the key source of growth, and that foreign trade and foreign investment were less important than usually thought.
He reminds us of the great achievements of the Chinese people under socialism - the spreading of industry, the tripling, between 1952 and 1978, of the area of China that was irrigated, the consistently high investment in the countryside, the development of a transport network, and the great improvements in health and education. He notes that in the 1950s and 1960s China was forced to adopt a strategy of defensive industrialisation in the face of threats from both the USA and the USSR.
In his general discussion of the conditions of economic growth, he shows that, "contra Nairn, Anderson, and others, the British problem is capitalism itself, not the persistence of pre-capitalist structures and institutions." Capitalist rapacity has always held back manufacturing industry, and is now destroying it. Britain is too capitalist, not too feudal. The `left', like Thatcher and the European Union, attack the wrong targets - the Constitution, the monarchy, the House of Lords, the landed gentry.
Bramall shows that, in general, inequalities of property and wealth are the real obstacle to growth and improved living standards. The owners of capital, the ruling class, block economic progress. He concludes, "A radical and effective land reform coupled with an assault on private industrial capital are necessary preconditions for the implementation of successful state intervention in a developing country" - not only in developing countries! To achieve these goals, "for most countries, there is probably no alternative but the seizure of power by armed struggle."Sources of Chinese Economic Growth, 1978-1996 (Studies on Contemporary China (Oxford Hardcover)) Overview

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