Adoption of Western Views in China - Dissertation Example

The government of the People’s Republic of China opted for economic reforms between the period of 1970s and the 1980s. The initial focus of the reform was the sector of Agriculture in which the introduction of a collective form of agriculture was the main aim of the government of the country. The process of decolonization in the country of China ultimately concluded in the year 1998 and the country experienced the process during the period between the years 1927 and that of 1949. A long process of modernization was experienced by the economy of the country during that period of time.

The period also marked the transformation era of the economy and the experience of huge suffering. Problems arising from internal sources as well as that of the influence of imperialism of the foreign countries made the economy of the country face adversity. The economy of China had been excluding itself from the globalised economy of the world till the year 1978. The economy of the country till the period had been ignorant about the international economic organizations and the global form they occurred newly.

Like most of the developing countries of the world, the people’s republic of China had not been in the need of submitting the control of the country’s social and economic policies in the hands of the international organizations like the international monetary fund as they had in no instances borrowed from these organizations since the period of the late seventies. (Webber, Wang and Zhu, 2002, pp 1- 3) With the reform undertaken by the government of the country, there had been a considerable focus on changing the form of the centre of the agricultural activities of the country to activities related and associated with the households of the country from that of farming.

There also had been a gradual liberalization of the commodity prices in the country through the extensions of the economic reforms that were undertaken. The business enterprise of the country that was under the ownership of the state government was given more independence through the process of economic reforms.