China’s leaders going back to Deng Xiaoping have made the case that the country could—and should—pursue economic reform before political reform. Now, they are pursuing neither. Why? Economic reforms, initiated at the end of 1978 by Deng, have enriched state institutions, and these institutions have been able to translate economic success into political power. They […]
Between 1978, the year Deng Xiaoping’s sweeping economic reforms were launched, and 2011, China’s GDP increased by an average of 10 percent annually, three times that of the global economy. Now the boom times may be over. Read Here – National Interest
Most observers are gloomy about the prospects for serious economic reform in China. But they ignore a central lesson of recent Chinese history: reform is possible when the right mix of conditions comes together at the right time. And the very circumstances that facilitated the last major burst of economic reform in the 1990s are […]
THE whiff of agrarian reform has hung over North Korea since early summer when DailyNK, a Seoul-based defectors’ website, reported a plan to allow farmers to sell more of their harvest at market prices rather than lower, state-set ones. This week it grew stronger after two Western news agencies reported that farmers would be free […]
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