Market Reforms Quotes



Zhou , Deng and other Chinese senior leaders carefully studied failures of 200th Century Communist nation economies from Russia to North Korea, and observed the successes of not only the United States and Western Europe, but South= Korea and Thailand å well and decided to transform to a capitalist style market and competitive economy. Zhou organized a cruse on which they invited Western economists and political economists to advise on how to make the transformation. Th Chinese took many of the Western ideas, placed them into a Chinese context, added some ideas of their own and proceeded ahead with the largest and most seectaculkar economic transformation and development in World history.