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Socialist Market Economy
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms. Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism. Some commentators describe the system as a form of "state capitalism", while others describe it as an original evolution of Marxism, in line with Marxism–Leninism similar to the "New Economic Policy" of the Soviet Union, adapted to the cohabitation with a globalized capitalist system. Description The economic reform toward a sociali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic System
An economic system, or economic order, is a system of Production (economics), production, resource allocation and Distribution (economics), distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of Consumer, consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deng Xiaoping
Deng Xiaoping (22 August 1904 – 19 February 1997) was a Chinese revolutionary leader, military commander and statesman who served as the paramount leader of the People's Republic of China (PRC) from December 1978 to November 1989. After CCP chairman Mao Zedong's death in 1976, Deng gradually rose to supreme power and led China through a series of far-reaching market-economy reforms earning him the reputation as the "Architect of Modern China". He contributed to China becoming the world's second largest economy by GDP nominal in 2010. Born in the province of Sichuan in the Qing dynasty, Deng studied and worked in France in the 1920s, where he became a follower of Marxism–Leninism and joined the Chinese Communist Party (CCP) in 1924. In early 1926, Deng travelled to Moscow to study Communist doctrines and became a political commissar for the Red Army upon returning to China. In late 1929, Deng led local Red Army uprisings in Guangxi. In 1931, he was demoted within the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leninism
Leninism is a political ideology developed by Russian Marxist revolutionary Vladimir Lenin that proposes the establishment of the Dictatorship of the proletariat#Vladimir Lenin, dictatorship of the proletariat led by a revolutionary Vanguardism, vanguard party as the political prelude to the establishment of communism. The function of the Leninist vanguard party is to provide the working classes with the political consciousness (education and organisation) and revolutionary leadership necessary to depose capitalism in the Russian Empire (1721–1917). Leninist revolutionary leadership is based upon ''The Communist Manifesto'' (1848), identifying the communist party as "the most advanced and resolute section of the working class parties of every country; that section which pushes forward all others." As the vanguard party, the Bolsheviks viewed history through the theoretical framework of dialectical materialism, which sanctioned political commitment to the successful overthrow o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paramount Leader
Paramount leader () is an informal term for the most important political figure in the People's Republic of China (PRC). The paramount leader typically controls the Chinese Communist Party (CCP) and the People's Liberation Army (PLA), often holding the titles of CCP General Secretary and Chairman of the Central Military Commission (CMC)."How China is ruled" . The () or |
Gang Of Four
The Gang of Four () was a Maoist political faction composed of four Chinese Communist Party (CCP) officials. They came to prominence during the Cultural Revolution (1966–1976) and were later charged with a series of treasonous crimes. The gang's leading figure was Jiang Qing (Mao Zedong's last wife). The other members were Zhang Chunqiao, Yao Wenyuan, and Wang Hongwen. The Gang of Four controlled the power organs of the CCP through the later stages of the Cultural Revolution, although it remains unclear which major decisions were made by Mao Zedong and carried out by the Gang, and which were the result of the Gang of Four's own planning. The Gang of Four, together with general Lin Biao (who died in 1971), were labeled the two major "counter-revolutionary forces" of the Cultural Revolution and officially blamed by the Chinese government for the worst excesses of the societal chaos that ensued during the ten years of turmoil. Their downfall on October 6, 1976, a mere month after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Leap Forward
The Great Leap Forward (Second Five Year Plan) of the People's Republic of China (PRC) was an economic and social campaign led by the Chinese Communist Party (CCP) from 1958 to 1962. CCP Chairman Mao Zedong launched the campaign to reconstruct the country from an agrarian economy into a communist society through the formation of people's communes. Mao decreed that efforts to multiply grain yields and bring industry to the countryside should be increased. Local officials were fearful of Anti-Rightist Campaigns and they competed to fulfill or over-fulfill quotas which were based on Mao's exaggerated claims, collecting non-existent "surpluses" and leaving farmers to starve to death. Higher officials did not dare to report the economic disaster which was being caused by these policies, and national officials, blaming bad weather for the decline in food output, took little or no action. Millions of people died in China during the Great Leap, with estimates ranging from 15 to 55 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xi Jinping
Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, since 2012. Xi has also served as the president of the People's Republic of China (PRC) since 2013. The son of Chinese Communist veteran Xi Zhongxun, Xi was exiled to rural Yanchuan County as a teenager following his father's purge during the Cultural Revolution. He lived in a yaodong in the village of Liangjiahe, Shaanxi province, where he joined the CCP after several failed attempts and worked as the local party secretary. After studying chemical engineering at Tsinghua University as a worker-peasant-soldier student, Xi rose through the ranks politically in China's coastal provinces. Xi was governor of Fujian from 1999 to 2002, before becoming governor and party secretary of neighboring Zhejiang from 2002 to 2007. Following dismissal of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Socialism
Liberal socialism is a political philosophy that incorporates liberal principles to socialism. This synthesis sees liberalism as the political theory that takes the inner freedom of the human spirit as a given and adopts liberty as the goal, means and rule of shared human life. Socialism is seen as the method to realize this recognition of liberty through political and economic autonomy and emancipation from the grip of pressing material necessity. Liberal socialism has been particularly prominent in British and Italian politics. Its seminal ideas can be traced to John Stuart Mill, who theorised that capitalist societies should experience a gradual process of socialisation through worker-controlled enterprises, coexisting with private enterprises. Mill rejected centralised models of socialism that he thought might discourage competition and creativity, but he argued that representation is essential in a free government and democracy could not subsist if economic opportuniti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Meade
James Edward Meade, (23 June 1907 – 22 December 1995) was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "pathbreaking contribution to the theory of international trade and international capital movements". Meade was born in Swanage, Dorset. He was educated at Malvern College and attended Oriel College, Oxford in 1926 to read Greats, but switched to Philosophy, Politics, and Economics and gained an outstanding first. His interest in economics grew from an influential postgraduate year at Christ's College, Cambridge and Trinity College, Cambridge (1930–31), where he held frequent discussions with leading economists of the time including Dennis Robertson and John Maynard Keynes. After working in the League of Nations and the Cabinet Office, he was the leading economist of the early years of Clement Attlee's government, before taking professorships at the London School o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cui Zhiyuan
Cui Zhiyuan (), born in Beijing in 1963, is a professor at the School of Public Policy and Management in Tsinghua University, Beijing andTsinghua University School of Public Policy and Management: Cui Zhiyuan public profile, English version retrieved 6 August 2010 a leading member of the through his work on alternatives to capitalism. Cui first gained fame as a post-graduate student ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Planning
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy. There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. An economy primarily based on planning is referred to as a planned economy. In a centrall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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