325-332 Chinese Business and Economy

The completion of at least 125 points of commerce subjects or any of the optional level-2 and level-3 subjects listed in the Asian studies program in the Faculty of Arts.

The subject surveys the contours of the post-1978 economy, the nature of the new household economy, the re-emergence of markets and private enterprise, and the state-dominated urban industrial sector. The roots of the present business and economic system are explored. Two key questions are asked: What was the nature of the economic system before 1949 which allowed growth sufficient enough to feed a growing population without an industrial revolution? Why was China so slow to adopt modern technology? Analysis will focus on the nature of the peasant household economy and handicraft manufacturing, the development of market and transport systems. Detailed analysis is made of the post-1978 reforms and their implication for domestic growth, foreign investment and international trade and the growth of consumer markets.

A 2-hour end-of-semester examination (50%) and tutorial participation and preparation (50%).