May 14, 2025

Barbara Kolm and Miguel Del Valle on China's rise from poverty

In the 70s, China was among the poorest nations in the world.  Civil war and mismanagement by central authorities had torn the country apart.  Mao Zedong’s vision of self-reliance destroyed agriculture, devastated the economy ‘and led to mass starvation as people’s communes were established and resources were forcibly shifted from farming to heavy industry.’ (Dorn 2023)  The death of Mao and subsequent rise of Deng Xiaoping enabled a series of reforms that would turn the country away from central planning and toward a market-oriented economy. 

~ Barbara Kolm and Miguel Del Valle, "Free Trade Under Siege: Analyzing Contemporary Trade Policies," Free Trade in the Twenty-First Century (p. 237)



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