GEOG 1200 Study Guide - Quiz Guide: Openmarket

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9 Nov 2022
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The chinese case is a good exemplar of the developmental state model in a number of ways. China was one of the poorest countries until the state tried to take active part in the development of speci c sector of the economy. They did this by rstly focusing on improving the agriculture the sector of the country. The collective farms were rst converted into family- leased and operated enterprises in other for surplus production not be wasted but rather be sent to the open market. This allowed the agriculture sector by almost 7 percent. After, the open-market was made available both domestically and internationally and this surplus products were sold at larger shares art the market price. The lessons of china"s success for other poor countries as they should not be wasteful of the products that they make. These products could be sold locally and abroad in other to bring money to the state.

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