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Go
Green
Revolution
(GG Revolution)
The 19th century had the Industrial
Revolution, the 20th century had the IT revolution and now the Go
Green
Revolution is for the 21st century.... |
Overview
It
has been only in recent years that the economy of China has improved. Early in
history, it was an agricultural controlled culture, manned by the peasants.
Essentially, it was an economy owned by a unitary public. It was a weak economy
in which there was an unbalance between industries.
At
first, China had a potentially progressive economy, however it seemed to
diminish during the 13th and 14th
centuries. One due to the massive amount of manpower available, which in turn
discouraged the development of time saving methods.
The
other was the strict rule of the government, one that didn’t encourage
personal initiatives and creativity. It lacked vitality and life. Because of its
weak economy, it fell easily to political powers stronger that itself. By 1949,
China was ready to reconstruct the country.
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Unfortunately,
most of the industries were around the coastal regions, where most of the
foreign companies had set up business. It was during this time that economic
policies were set into play. First, it was important to strengthen the role
agriculture played.
Second, the imbalance with industry between the coastal
regions and the inner regions needed to be corrected. In order to do so, a plant
was built in towns without industry, closer to where the raw materials could be
obtained. To open up desert areas for further expansion, they improved land
drainage, river control and dam construction. Also, they laid out improved roads
and further expanded the railway system.
By 1976, another five-year plan was set
into motion. Reforms were introduced in agriculture and industry. Mainly to
encourage private, profiteers to the economy.
It was during the 7th five-year
plan that the economy began to improve. Prices, taxation, credit and wages were
regulated. Also, coastal regions and towns were given economic privileges,
including better working conditions. These led to a larger increase in the gross
national product. It also led to higher levels of inflation and helped to
decrease the budget deficit.
The 8th five-year plan was a
continuation of improving raw material production.
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By 1992, state controlled industry
declined, given precedence to the private industries. Since reformation, many
outside foreign companies have been interested in China. However, most of the
interest has been relegated to the coastal areas. Those on the interior of China
have had the least growth.
This is one of the problems faced with economic
growth. Another is the loss incurred by the state run industries. In turn, many
workers are leaving the inland industries and head to the coastal provinces for
better work.
The
ninth five-year plan put together new objectives. One of which was to continue
with the plan for modernization in an all-round way. Also, to raise people’s
standard of living and have poverty almost erased. Basically, establish the
basis of a socialist market economy. By 2010, China hopes to double the gross
national product of the year 2000, to bring people to an even more comfortable
standard of living.
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China
has maintained favorable trade relations with other countries since the 1990’s.
Unfortunately imports from South Korea, Japan, Taiwan and Hong Kong are higher
than exported goods. These countries generally are importing machinery,
transport equipment, and chemical products into China. The three top trade
partners are Hong Kong, Japan and the USA.
Another source for the upkeep of the
economy is the reliability on tourism. The riots and trouble in Tiananmen Square
abruptly stopped all tourism in the area. With "Visit China Year"
designated in 1992, tourism increased to about 4 million. Unfortunately,
problems with not enough hotels, bad accommodations and not many flights into
the area, are slowly pulling down the potentially high tourism trade. Airports
can usually be found in the Special Economic zones and around the coastal areas.
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Extra
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