As the third largest economy after the U.S. and Japan, China's startling economic growth has stimulated a growing interest in the economic, social and political factors that catapulted the country to sudden fame. This case begins with a review of ancient and modern history of the country, and then focuses on the dramatic transition in the middle of the twentieth century under Communist rule. Case analysis divides the recent economic reforms in three stages:. Reforms in Rural Areas (1978-84), the financial and corporate reform (1984-88), and current efforts to monetary and fiscal reform, following the crisis in Tiananmen Square in 1989 "Hide
by Deborah L. Spar Source: Harvard Business School 33 pages. Publication Date: September 30, 1993. Prod. #: 794019-PDF-ENG