POLI 422 Chapter : The Great Leap Forward

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By 1957, the basic transformations of chinese economic and social structures and institutions were complete, and without economic crises and foreign intervention. Underemployment and low labour productivity stemmed from the lack of modern technologies in agriculture, as well as from china"s massive population. High-level equilibrium trap because chinese agriculture had been so successful, there was no need for innovation in technologies nor techniques. For industries, the capital-intensive strategy of the first five year plan, to be continued under the second, required huge investments. Yet, agricultural growth was not nearly proportional to industrial growth (in fact, agricultural growth in the absence of technology had plateaued), meaning that the capital necessary for industrial growth was becoming increasingly more difficult to extract from the countryside. The capital-intensive strategy would also not address unemployment, on the rise due to migration from the countryside. Against this context, relations with the soviets were also deteriorating, as.

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