1996 and the size of its economy is predicted to surpass that of the United

1996 and the size of its economy is predicted to

This preview shows page 30 - 33 out of 34 pages.

1996), and the size of its economy is predicted to surpass that of the United-States in the following decade or so. As a result, the desperate need to grow as been reduced and therefore greater incentives exist to be careful.-Stability, then, is the result of three societal forces: evolutionary necessity, a less dire need for economic growth due to economic prosperity, and the lesser power of current chancellors relative to the power of Mao and Deng.-Although   technocratic   consolidation   was   a   shared   characteristic   in   the evolution   of   the   Soviet  and   Chinese   regimes,   both   differed   in   how   they achieved this consolidation. oStalin’s planned economy was not as discredited and devastating as Mao’s economic models. As a result the Soviet reform movement concentrated   on   perfecting   the   existing   model   with   mild   market socialism, whilst the Chinese reform movement embraced large scale change and marketization.
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oThe Chinese reform movement was strongly influenced by the East Asian   NICs,   nations   surrounding   China.   These   nations   focus   on developmental   capitalism,   led   by   an   authoritarian   system,   an autonomous economic bureaucracy, cooperation between the public and private sectors, and an export expansion strategy.oChina can be described as a post-totalitarian capitalist developmental state.   The   Soviet   union,   on   the   other   hand,   never   embraced developmental state capitalism. “Developmental capitalism is derived from the East Asian NIC experience and has little to do with the trajectory of a Leninist regime.”oAnother fundamental difference is the retirement policy of party and government officials. Static equilibrium in the Soviet Union, dynamic equilibrium in China. In the latter case, no manager enjoys tenure and all face though market competition. A coupling of economic reform and   political   conservatism,   with   the   end   of   preservation   of   the Communist regime (stability.) The party has also set up a retirement age   scheme   for   certain   party   positions,   whereby   provincial   and ministerial cadres must retire at age 60 (generational replacement).
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Will China become Democratic?
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