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Unformatted text preview: Differenc e in: Soviet Union China Organizat ion planned som Planned som change to be market som Similar organizational structures: 1) Government/Party Model 2) Five-Year Plans 3)The nationalization of industry 4) State economic planning agencies Operation major source of investment funds was the turnover tax Investment funds came primarily from the operations of state enterprises Process of collectivization of agriculture was more gradual and avoided the destruction of animals and equipment that occurred in the Soviet Union. Reform Minor adjustments made in the Soviet model: Introduction and later abandonment of regional planning agencies to replace or supplement ministries. Agricultural changes: Increase in state farms and decrease in communes Two major disruptions in economic development: 1) Great Leap Forward 2) Cultural Revolution Reform is more successful because it is more flexible Agricultural changes: a shift in emphasis from communes to the smaller brigade and team levels Command economies have abandoned or harshly cut the use of command...
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- Spring '11
- Planned economy, t ransition, ransition economies