Economic Performance, Wage Patterns and the Chinese Revolution: A Review of Three Books on the Economy of the People's Republic of China,
RAND CORP SANTA MONICA CALIF
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In the view of Mao Tse-tung, economic growth is basically determined by two sets of factors the relations of production and the productive forces. The former refers to systems of ownership of assets and distribution of output, and the latter, to technology, capital and human resources. Indeed, the economic development of the PRC since 1949 is a record of how the Chinese leadership had strived to transform the production relations and to increase productivity. The three books under review attempt to evaluate this process from three different angles. The volume prepared for the Joint Economic Committee JEC is primarily concerned with productive forces. The study by Howe focuses on one major aspect of the production relationship wage patterns and wage policy. The book by Axilrod emphasizes the interaction of the production relations and productive forces in the development of the Chinese economy since 1800.
- Economics and Cost Analysis
- Government and Political Science