Chinese Economy Mathematics & Economics Essay Paper (Essay Sample)
ECN 310 Essay Four China’s Rural Industrialization Due Date: Midnight on Friday, December 6, 2019, via Turnitin on Blackboard Length requirement: 1500-2000 words. In Lecture 9, we learned about China’s rural industrialization. In particular, we learned that there are three regional development models of Township and Village Enterprises (TVEs): The Southern Jiangsu (Sunan) model, the Wenzhou model, and the Pearl River Delta (PRD) Model. Each of these models features a different path of evolution. In this essay, analyze the origin and current status of each model, then answer the following questions: 1. What are the main features of each model? Are they related to any regional or geographical characteristics, e.g., the local culture, proximity to ports or metropolitans, the local population? 2. What do you think will be the future of these models and the provinces that nurtured them? 3. As mentioned in class, TVE and SOE (State-owned enterprise) are two forms of public ownership. One (SOE) has seen many difficulties in the course of its market-oriented reform, while the other (TVE) has shown incredible flexibility and vitality to changing market conditions. What do you think are the main reasons behind the different performances of TVEs and SOEs? 4. Based on your answer to the previous question and what we have learned about SOE reforms in Lecture 8, what do you think could be changed or added to the SOE reforms to make the state-owned enterprises more competitive? FURTHER INSTRUCTIONS: Similar to Essay Three, organize your answers to the above questions coherently so that your essay reads like a comprehensive analysis of China's rural industrialization. You are encouraged to use concrete examples such as specific enterprises under each development model or specific case studies about each of the development models and external sources.source..
The rural industry in China, which originated from rural subsidiary production, has been a key component of China’s Economy for several decades (Chen, 2016). The first wave of China’s rural industry occurred during the people’s commune era, resulting from the government efforts to promote rural industrialization and agricultural mechanization. Nevertheless, this sector experienced meaningful developments during the Chinese reform era, particularly between 1978 and 1996, when the previous brigade and communal enterprises were converted to village or township collective enterprises (Chen, 2016). In addition, during this era, new individual/private or collective enterprises were also established. Township and village enterprises (TVEs) played a vital role in absorbing rural surplus labor force released from the agricultural sector, improved rural income, generated sufficient revenues for local government, contributed to economic growth in these regions, and helped to bridge the rural-urban gap. Further, TVEs provided stiff competition to the state-owned enterprises (SOEs) because they grew out-of-plan, an act that resulted in improvement of marketization in the entire of China’s economy (Chen, 2016). Thus, the sector empowered the transformation of the country’s economy from the command to market economy. Various regions in China adopted TVEs, which are referred to as regional development models of Township Village Enterprises. Particularly, three common models were present in China, and they include the Southern Jiangsu (Sunan) model, the Pearl River Delta (PRD) model, and the Wenzhou model. Each of these models has unique characteristics and has a different path of evolution.
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