BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

MODERNIZATION, REFORMS AND REGIONAL DEVELOPMENT IN CHINA

Author: Aravind.B. Yelery

DOI Link: DOI: https://www.doi.org/10.56888/BIISSj2004v25n1a3

ABSTRACT

As China is heading towards the status of a developed country, fierce contest is taking place between the market and the state. At the start of the economic reforms, the market was seen as the healing factor and the catalyst for China's underdeveloped economy, but globalization and the growing presence of different economic forces have challenged the credibility of these reforms. The regional policy and the increasing gap between the regions is an example of such dichotomy. Development under Mao and Deng Xiaoping was linear in nature. The inward flow of resources in Mao's era and the development of the coastal region under the preferential policies of Deng represented the linear mindset of development. The growing regional economic disparity in China in the post-1978 reforms questions the basic motive of modernisation efforts. This paper presents and analyzes this paradox between reforms and disparity. The accession 10 WTO and the wave of globalization have further made the scenario very critical.