The Butterfly Effect in China’s Economic Growth: From Socialist Penury Towards Marx’s Progressive Capitalism 1st Edition

The Butterfly Effect in China’s Economic Growth: From Socialist Penury Towards Marx’s Progressive Capitalism 1st Edition – Ebook Instant Download/Delivery ISBN(s): 9789811598883,9811598886,9789811598890, 9811598894

Product detail:

• ISBN 10: 9811598894
• ISBN 13: 9789811598890
• Author: Wei-Bin Zhang

This book examines the butterfly effect in China’s modern economic development during the period of 1978–2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China’s countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China’s per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world’s second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians.

Table of contents:

1. Cover
2. Front Matter
3. 1. Mao Zedong and the Preconditions for the Butterfly Effect
4. 2. Deng Xiaoping Triggered off the Butterfly Effect
5. 3. Confucius as Cultural Capital in Sustaining the Butterfly Effect
6. 4. Spread Education and Devouring Global Knowledge
7. 5. Economic Growth from Hunger with Animal Spirits
8. 6. Uncertain China with Docilely Educated Population
9. Back Matter

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