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15min chapter
Odd Arne Westad on how China First Joined the Global Capitalist Economy
Odd Lots
China's Economic Reform and Political Control
This chapter examines the interplay between economic reforms and political stability in China, drawing comparisons to the Soviet Union's experiences. It highlights the Chinese Communist Party's cautious approach in balancing market liberalization with strict political control, as seen in Coca-Cola's entry into the Chinese market. The discussion also reflects on historical perspectives that shaped China's economic evolution, including geopolitical influences and the ongoing implications of past Communist Party decisions.
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Discover
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