Teachers | IN, YohoStaffInfo | |
---|---|---|
Elective, Credits | Compulsory 2 credit [Department of Economics] | |
Syllabus Number | SEM-301 |
What are the principal reasons for the highly successful Chinese economic reform that began in 1978? One may say that they are the strong Chinese economic fundamentals-surplus labor, abundant savings, huge domestic market, etc. But the strong fundamentals have always been there, at least since the 1950s. Why did the Chinese economy not take off earlier?