From Accelerated Accumulation to Socialist Market Economy in China

Download or read book From Accelerated Accumulation to Socialist Market Economy in China written by Kjeld Erik Brodsgaard and published by BRILL. This book was released on 2017-04-03 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: In From Accelerated Accumulation to Socialist Market Economy in China, Kjeld Erik Brødsgaard and Koen Rutten examine China’s indigenous economic discourse and its relation to both economic policy-making and the overall trajectory of development from the First Five Year Plan in 1953 to 2016. In so doing, this volume demonstrates that although the form of the current economic system and its theoretical underpinnings bear scant resemblance to those of the planned economy, economic policy-making still relies on the principle of accelerated accumulation, which lay at the heart of the economic development project in the early years of the People’s Republic.