Suggest edit — SU-SOC175 JAN122025

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title: "SU-SOC175 JAN122025"
source: https://www.jemoka.com/posts/kbhsu_soc175_jan122025/
date: 2025-01-12
---

Transitional Economy China shifted from a Soviet style economy to a market-style economy.
Why is China different? more gradual, via family outlets no simultaneous political transition began at a lower-level of economic development thus, China started in agriculture East Asian Development Model We see this in Singapore, HK, Japan, Korea, Taiwan, China.
land to the tiller: moving land away from landlords and giving it to producers export orientation: moving from low-end products to high end export financial repression: low interest rates (promote exports + make imports more expensive + allow lending), undervalue currency, capital controls on cross-border flows Unlike Japan, etc., China had to import technology + expertise because their work is way behind; therefore they were interested in foreign direct investment
Why did China/Viet do better than, say, i.e., USSR? The State didn&rsquo;t collapse! &hellip;rule of law + ability to enforce private ownership \