IIPM Ranked No. 1 B-School In Global Exposre - Zee...
The change in direction of China’s politics was sufficiently credible to encourage millions of entrepreneurs to go into business for themselves.
One of the first acts by the reformist leaders was to signal an improving environment for private property. In marked contrast to today’s massive land grabs, the Chinese government in 1979 returned confiscated bank deposits, bonds, gold, and private homes to those former “capitalists” the regime had persecuted. In 1979, two vice premiers visited and personally congratulated an entrepreneur who was granted the first license to operate a private restaurant in Beijing. As early as 1981, a Communist Party document signaled a willingness to recruit its members from the private sector, a well-publicised gesture. The widely held view that the party only began to recruit capitalists late in the Jiang Zemin era is simply incorrect.
The reformist leaders also began to embark on meaningful political changes. As scholar Minxin Pei has noted, every single important political reform – such as the mandatory retirement of government officials, the strengthening of the National People’s Congress, legal reforms, experiments in rural self-government, and loosening control of civil society groups – was instituted in the 1980s. The Chinese media became freer in the early reform era. This “directional liberalism” of China’s politics either preceded or accompanied China’s economic growth. It was not a result of economic success. The change in direction of China’s politics was sufficiently credible to encourage millions of entrepreneurs to go into business for themselves.
But in the 1990s, the Chinese state completely reversed the gradualist political reforms that the leadership began in the 1980s. Like Indira Gandhi in the 1970s and 1980s, the Chinese state greatly centralised its economic management in the 1990s. It was another reversal from the promising reforms of a decade earlier, the gist of which was delegating decision-making to those best informed about local situations. In 1994, the central government increased the shares of tax revenues going to the central coffers and abolished one of the most innovative Chinese reforms – fiscal federalism. A less well-known development in the 1990s was that the Chinese state centralised the budgetary and other functions of villages. So, even though people were voting in village elections, the officials elected exercised very little power.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
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ZEE BUSINESS BEST B SCHOOL SURVEY
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The change in direction of China’s politics was sufficiently credible to encourage millions of entrepreneurs to go into business for themselves.
One of the first acts by the reformist leaders was to signal an improving environment for private property. In marked contrast to today’s massive land grabs, the Chinese government in 1979 returned confiscated bank deposits, bonds, gold, and private homes to those former “capitalists” the regime had persecuted. In 1979, two vice premiers visited and personally congratulated an entrepreneur who was granted the first license to operate a private restaurant in Beijing. As early as 1981, a Communist Party document signaled a willingness to recruit its members from the private sector, a well-publicised gesture. The widely held view that the party only began to recruit capitalists late in the Jiang Zemin era is simply incorrect.
The reformist leaders also began to embark on meaningful political changes. As scholar Minxin Pei has noted, every single important political reform – such as the mandatory retirement of government officials, the strengthening of the National People’s Congress, legal reforms, experiments in rural self-government, and loosening control of civil society groups – was instituted in the 1980s. The Chinese media became freer in the early reform era. This “directional liberalism” of China’s politics either preceded or accompanied China’s economic growth. It was not a result of economic success. The change in direction of China’s politics was sufficiently credible to encourage millions of entrepreneurs to go into business for themselves.
But in the 1990s, the Chinese state completely reversed the gradualist political reforms that the leadership began in the 1980s. Like Indira Gandhi in the 1970s and 1980s, the Chinese state greatly centralised its economic management in the 1990s. It was another reversal from the promising reforms of a decade earlier, the gist of which was delegating decision-making to those best informed about local situations. In 1994, the central government increased the shares of tax revenues going to the central coffers and abolished one of the most innovative Chinese reforms – fiscal federalism. A less well-known development in the 1990s was that the Chinese state centralised the budgetary and other functions of villages. So, even though people were voting in village elections, the officials elected exercised very little power.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
