By John Ross
It is simply an objective fact that China has made in total the greatest contribution to human well-being of any country – in particular to the most historically oppressed sections of humanity, those therefore of special interest to socialists throughout the world.
The following article by John Ross, on why China’s economy is so successful, was previously published on the website China & the world economy.
My article ‘China’s socialist model outperforms capitalism’ established factually two key conclusions for global economic and social development.
The following article by John Ross, on the world’s four fastest growing economies and China’s economic model, was previously published by Socialist Economic Bulletin.
First published: May 1996
The most conclusive indictment of the economic policies which have devastated Eastern Europe and the former Soviet Union since 1989 and 1991 is their contrast with the spectacular success of the reform of the world’s second major centrally planned economy – China – a model now being increasingly applied in Vietnam and Cuba. China’s success shows that the suffering inflicted upon the peoples of Eastern Europe and the former USSR, under the guidance of the IMF, was totally unnecessary.
[Continued from Part 1] The virtuous circle of the Chinese economic reform As the consumer boom took off however, it had an increasing knock-on effect upon the state-owned industrial sectors of the [Read more]
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