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Pooled Individual Strength

By Diane Butler,2014-02-18 17:51
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Pooled Individual Strength

    Pooled Individual Strength?-

    PooledIndividualStrength

    InthethreedecadesbetweenthefoundIngofNewChinain1949andimplementationoftherefom1andopening-uppolicyin1978.ChinapracticedaunitaryeconomicsysteminwhichpublicinteresttookprecedenceoverIhalofindividualsandIoca?ties.Thissystemprovedeffectiveinpoolingandoptimizinglimitednationalresources,especiallydudngtheinitialperiodofthePeople'sRepublicwhentheindustrializationprocesssta~edfr0mscratchItsdrawbacks.however,manifes?nIhelnhibitionofhumaninitiativeandthecountry'smodern—ization,graduallybecameapparentastheChineseeconomygrewSince1978,Chinahasenactedslow

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    4?CHINAT0DAYi

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