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Butterfly Effect in China's Economic Growth

Name: Butterfly Effect in China's Economic Growth
Brand: Springer Verlag, Singapore
SKU: 9789811598883
Price: 40724 HUF
Availability: InStock

From Socialist Penury Towards Marx's Progressive Capitalism

Szerző: Wei-Bin Zhang

Nyelv:

Kötés: Kemény kötésű

Kiadó: Springer Verlag, Singapore

Elérhetőség: Beszállítói készleten

Küldés 10-13 napon belül

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This book examines the butterfly effect in China's modern economic development during the period of...

Információk a könyvről

Szerző

Wei-Bin Zhang

Nyelv

Angol

Kötés

Könyv - Kemény kötésű

Kiadva

2020

oldal

213

EAN

9789811598883

ISBN

9811598886

Enbook ID

33269418

Kiadó

Springer Verlag, Singapore

Súly

454

Méretek

148 x 210 x 17

Teljes leírás

This book examines the butterfly effect in China's modern economic development during the period of 1978-2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China's countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China's per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world's second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians.