China

Traditional China was predominantly agricultural. Adhering to farming patterns developed everywhere a score of centuries, China could sustain a corrosive level of self-sufficiency, given surcease from natural calamities. For almost trine decades prior to 1949, the incessant ravages of civil disorder, foreign (principally Japanese) invasion, and gross stinting neglect virtually decimated Chinas frail abilities to sustain itself. The first of all railway line of the new PRC government thus was to restore the headland of natural resources to prewar levels. By the early 1950s, the government had succeeded in halting massive starvation. Almost all means of contain and distri howeverion were brought under state control, and vast parcels of land were redistri excepte to the peasantry. During 195357, Chinas first five-year plan stressed heavy industry. Economic ontogenesis was assisted by imports of machinery and other industrial equipment from the former USSR and eastern uni fy States European countries. In return, China exported agricultural produce to them. A major geological prospecting drive resulted in the discovery of mineral deposits that provided a major thrust toward industrialization.

The Great Leap prior of 195859 initially produced sharp gains in industry and agriculture, but the zeal for increased quotas quickly resulted in undue pedigree on resources and quality. The Great Leap was followed by three acerbic years of frugalal crisis brought on by bad harvests and the economic breakdown of the previous period. By 1961, the GNP had fallen to an estimated $81 billion, near the level reached in 1955. By 1965, h! owever, a adjustment of expectations, mate with a careful program of industrial investment, helped the deliverance to recover. Chinas shell out patterns, meanwhile, had shifted radically away from the USSR and toward Japan and Western Europe. During the posthumous 1960s, in the Cultural Revolution period, long-range central economic mean was abandoned in favor of policies promoting local self-reliance....If you postulate to tug a full essay, order it on our website: OrderCustomPaper.com

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