chapter  5
35 Pages

Institutionalization of Agricultural Reform and Open-door Policy

This examines the institutionalization of the open-door which have a decisive role in from a command economy into a market economy. The reform provided the reform-minded elite with necessary stimulus and pressure to initiate market-oriented measures, out the old economic while the success of the in China to the outside world strongly demonstrated that not only foreign and but also market mechanisms could be introduced into China. the results were not what had been when the reform was started in 1978. The will show

ont~n-~am)r policy, which were intended to be created a market-oriented economic

environment that market economy.