WORLD WAR II
DECOLONIZATION PHASE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bolivar
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Deng Xiaoping
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Gandhi
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Castro
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Detailed explanation-1: -Starting in 1970, the economy entered into a period of stagnation, and after the death of Mao Zedong, the Communist Party leadership decided to abandon Maoism and turn to market-oriented reforms to salvage the stagnant economy. The Communist Party authorities carried out the market reforms in two stages.
Detailed explanation-2: -The reforms carried out by Deng and his allies gradually led China away from a planned economy and Maoist ideologies, opened it up to foreign investments and technology, and introduced its vast labor force to the global market, thus turning China into one of the world’s fastest-growing economies.
Detailed explanation-3: -The Four Modernizations (simplified Chinese: ; traditional Chinese: ) were goals first set forth by Deng Xiaoping to strengthen the fields of agriculture, industry, defense, and science and technology in China.
Detailed explanation-4: -The adoption of economic reforms by China in the late 1970s led to a surge in China’s economic growth and helped restore China as a major global economic power.