Reform and Opening to the Outside World

As a country, China is considered to be the most quickly developed nation in this modern era, by only taking the length of one generation to become a super power in comparison to other nations that took a far longer time. During the time span from 1949 to 1978, China had clearly demonstrated a sign of tremendous progress through sectors such as politics, economics and education but after the reform of communist policy and by opening to the outside world, China has reached to their greatest leap. In this paper I will closely examine the drawbacks and benefits, China has received after 1978’s policy reform and opening to the outside world.

During the Mao Zedong regime China as a country had kept most of its global connections with other countries at a minimal level. Even though history might indicate that China was doing well before the reform, many industrial and agricultural plans had failed to prosper. China’s contemporary economic structure made it impossible to interact with the rest of world at ease. China realized by reforming policy they could obtain many advantages that can easily hinder the growth rate of the economy

The word ‘reform’ might be misleading, so China made it clear that they’re not going to change socialist system in a completely different way but simply improve and develop, what it stood for. The main purpose was to abolish the drawbacks of centralized economic systems in China, which in turn creates a new system that will posses a strong market force and a thrall planned economy. China needed to make up for import foreign funds and new technological advancements required to boost the growth rate of the economy. The basic goal was to increase industrial production and improve living standards for all social classes.

On the safe side, the policy reform and opening to the outside world in 1978 was implemented at the countryside of China. Agriculture is the backbone of the economical development of China. History...