POST COLD WAR WORLD
RISE OF CHINA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Great Britain’s Industrial Revolution
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Yugoslavia’s Market Socialism
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Stalin’s Five-Year Plans
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Lenin’s New Economic Plan
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Detailed explanation-1: -How was the Five Year Plan and Great Leap Forward similar? The purpose of both economic policies was to Industrialize and become a modernized nation like the U.S and Japan.
Detailed explanation-2: -The central idea behind the Great Leap was that rapid development of China’s agricultural and industrial sectors should take place in parallel. The hope was to industrialize by making use of the massive supply of cheap labour and avoid having to import heavy machinery.
Detailed explanation-3: -For this, the Chinese modeled their approach on the Five Year Plans employed by the Soviet Union since 1928-a tragic irony given that forced collectivization under the Soviets had resulted in the starvation of between six to eight million people.
Detailed explanation-4: -The Five-Year Plans (simplified Chinese: ; traditional Chinese: ; pinyin: Wǔnián Jìhuà) are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People’s Republic of China.