CAS IR 365 Lecture Notes - Lecture 2: Human Capital, Socialist Economics, Zhou Enlai
20 Sep 2017
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Document Summary
Map (on powerpoint: socialism: the reach of the state, state building: central authority, legitimacy, technocracy, industry, infrastructure. Investment heavy: p. 57, figure 3. 1, 20-40% investment/gdp: heavy-industry prioritized; consumer industry neglected. Policy instablity, fragmentation, & mobilization: why did mao launch disastrous campaigns: 1949-1956: recovery, establishing socialism, 1958-1960: great leap forward, communes: combination of government and economic functions, material incentives: rejected, economic decision: decnetralized, backyard steel mill, 1960 famine. Reorientation: the rise of moderates: 1972: premier zhou enlai; us-china relations, deng xiaoping"s roles, 1976: zhou"s death; mao"s death, coup de tat: gang of four vs. hua guopeng, 1978: third plenum, 11th central committee, deng"s leadership. Legacies: destruction of old systems, rebuilding central authority and political regime, socialist economy: leaps, ceilings, crises, lead to profound dissatisfaction, experimentation inspiration for reform, decentralization.
