China After The Reform Area - 1377 Words

Term Paper In chapter fifteen of our textbook, Understanding the Political World, it classifies China as a ‘transitional developed country.’ More specifically, China is defined as one of the five BRICS countries. These countries consist of; Brazil, Russia, India, China, and South Africa. The BRICS countries do not share a global region, political systems, or economic systems. The textbook argues that the three main goals of these countries are prosperity, stability, and security. In a 2015 article, published in the Journal of Democracy, written by Carl Minzner, entitled China After the Reform Area, Minzner articulates many of the same ideas about China that Danziger and Smith put forward in the textbook about all of the BRICS countries.†¦show more content†¦438) In chapter 15 of Understanding the Political World, the authors outline the main goals of the BRICS countries. They believe that there are three major items on the agenda of each of the BRICS countries. The first of which is prosperity, followed by stability, and last security. As these ideas relate specifically to China, Danziger and Smith do not say much as to how China looks to become a more prosperous country. The comment that they do make pertains to how China was able to maintain an average growth of just over 10% annually in the economy from 1989 to 2010. They say, â€Å"this has been particularly driven by the export of manufactured goods at prices that are highly competitive in the global marketplace.† (Danziger Smith, pg. 437) In Minzner’s article, he attributes the economic boom that went on in China to â€Å"state-led investments in roads, airports, and housing (which) had loomed large as drivers of economic growth.† (Minzner, pg. 137) But he then highlights how, after 2010, the growth rate of China’s economy dropped and by 2012 it was at 7.7% and continuing to fall. He gives a statement that blatantly explains why this took place. â€Å"Be ijing has systematically undercut its own bottom-up reforms.† (Minzner, pg. 141) He explains this more in depth, but his main argument is that whenever aShow MoreRelatedEconomic Transition of China1069 Words   |  5 PagesTwo Years after the death of Mao Zedong in 1976, it became apparent to many of Chinas leaders that Economic reform was necessary. By 1978 Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofeng, the man who had succeeded Mao Zedong as CCP leader after Maos death (Shirk 35). As Susan L. 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