Machine generated contents note: -- Legacies from Mao * The Political Economy of Reform After Mao * Reform Approach and Framework * Foreign Investment * Foreign Trade Reform * A Comparative Performance * Successes * Anomalies, Challenges * Concluding Observations.
Summary:
"After three decades of reign, Mao left China a structurally rigid and functionally inefficient economy. The imperative for systemic transformation was self-evident. By 2009, China's nominal GDP reached $4.9 trillion. Its 2010 foreign reserve is in excess of $2.4 trillion. China has surpassed Japan as the second largest economy in the world. A statistical analysis of four countries indicates political stability and social calm helped gain the confidence of needed foreign investments. For China, it is foreign investment that has been fueling its export growth which in turn is most instrumental in its development path"-- Provided by publisher.
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