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thegreattransformationinchina w shaoguang zip

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Prof. Wang Shaoguang: At that time, the leaders at all levels accepted the theory of the “trickle-down effect” advocated by neoliberal economists, who suggested that if the “pie” continued to grow, all other problems would eventually be solved. Along with the changing ideology, the Chinese moral economy was transformed into a market society in three stages: 1 - In the first stage (1979–1984), the sporadic market of consumer goods emerged, which played a very limited role in the whole economy. Interference from the government was still strong, and the nonmarket system and relationship still took precedence. 2 - In the second stage (1985–1992), a set of interconnected market systems, such as the commodity market, labor market, capital market, foreign currency market, and land market, emerged. 3 - In the third stage (1993–1999), the market society emerged

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thegreattransformationinchina w shaoguang zip