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The West And The Challenges Of Market-Oriented Reform

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Chapter Summary

With the implementation of the Western Development Strategy, China's West has made much progress. Market-oriented reform in the West has certainly helped farmers increase their income. Market-oriented reform has yielded some degree of success for the East, but the region has also paid a grave price for its development, specifically in terms of environmental degradation and the growing gap between rich and poor. In considering the difference between China's East and West, people first consider the level of economic development as indicated by per capita income, GDP, and so on. The process of western development has been a process of marketization promoted by the state. For China's decision makers, the idea that market-oriented reform could lead to over-marketization is perhaps unexpected.

Keywords: China; economic development; Market-oriented reform; Western Development Strategy



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