How did China find its way?

How did China find its way?
  • 2020-08-04
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Perhaps if you ask who is the commander of China's economic development, I must say that economics, China brought economics to the command position, learned from the world without prejudice and worked for four decades without claim!

According to the International Iranian Stone Exhibition, Peyman Molavi, an economist, in a note discusses the role of economics in China's current position in the international economy;

China is hotly debated these days, both internationally and domestically! Globally, China is slowly emerging from its previous role and is ready for change based on the cycle of chondratifs and hegemony.

The Kondratif cycle, which began with the rise of Britain and reached its zenith, declined from 1873 to 1896, and the United States emerged, and with the modern chemical and food industries, this position has gone up to two thousand and now the world is in transition! Most experts have bet on China.

But in the midst of the US-China trade war, you rarely see anyone who narrates intellectual development in China without prejudice! As many have prejudiced in the past decades, they have questioned the growth of the United States and taken many opportunities from the economy!

But China and its movement towards its development orbit has an interesting story.

Many still call China a communist country, either intentionally or out of ignorance! We want to see how change and the will to change have ended here in a country with billions of people.

In 1980, a group of reformist economists, including Xu Mokiao, published a report and a document containing the main lines of reform in China, which included the reform program and the organization of enterprises according to economic efficiency, production of goods, market role alongside the program and focus. Further economic de-escalation was for the use of officials.

Former Chinese Communist Party President Li Xi'an wrote after reading this document: I read the text twice and did not understand it!

It tells the story of the deplorable state of economics and economics at the beginning of the Reformation in China, an economy that had been in vogue since the 1950s but was modernized and in need of development.

The work began with the restructuring of the discipline, and all political power unreservedly supported it. The famous Oxford economist has an important point to make in this regard: While there is theoretical saturation (in the field of economics) in Eastern Europe and the Soviet Union, practical proposals have put pressure on leaders who did not want or could not initiate fundamental reform. But in China there are leaders who are eager for reform but lack the theoretical necessity and work plan!

Things have changed so much that there may be as many economics professors in China these days as there are in Britain! Economic departments that from neo-liberalism to market-oriented socialist approaches have all nurtured the Chinese economy intellectually for thirty years.

China, unlike many countries that are omnipotent, openly sought different opinions! The Ford Foundation and the American Economic Association were key players in establishing the field of economics. Yes, imagine a country that had been at loggerheads for years and was helping its rival face-to-face to move from such a failed economy to a market-oriented economy. Of course, the game was good for both, and China's $ 1 billion market is attractive to American investors. !

The American Economic Association was led by Gregory Chow, a Princeton professor of economics, and a student of Milton Friedman!

Friedman himself was invited to China to give a speech! Friedman's expertise in price analysis as well as anti-inflationary orientation was fundamentalist, and this was appealing to the Chinese because they had been dealing with inflation for years!

Price reform in China was at the forefront of the agenda, and over time in 1984 the reformists overcame the proponents of centralized planning, and over time non-market prices disappeared from the Chinese economy, and when the path was clear they moved seriously and without delay. Every day, programs were no longer questioned with hatred and stumbling blocks to development, and this was due to the unity of thought in Chinese politics!

China's economy came close to many of the world's great think tanks, from the Atlas Institute, the Manhattan Institute to the Unirol Institute, and many other think tanks, and the country hosted major economic summits!

Contrary to popular belief, and perhaps that of economists in Iran, in order to provide a management theory tailored to China's evolving economy, executive management programs began as a joint American-European initiative in 1984, and by 2005 more than 60,000 companies, all Created based on Western education (yes Western)! In the 1990s, Western economics gave way to modern economics. Most academic textbooks were from American publishers. In 2000, a quarter of Chinese students were either studying economics or management!

Perhaps if you ask who is the commander of China's economic development, I must say that economics, China brought economics to the command position, learned from the world without prejudice and worked for 4 decades without claim!

What do we do in return? We still do not accept economics, we still see ourselves as a scientist in all matters and without the need for the world! We have chosen the path of trial and error and we have not yet drawn a clear vision! Not for yourself and not for the community!

* ILNA