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China: Its Ascent as an Economic Powerhouse

In: India, China and Globalization

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  • Piya Mahtaney

Abstract

Communism premised its existence on utopian egalitarianism. Such idealism is wonderful in theory but its attempted enactment had rather turbulent and painful consequences for China. The immediate aftermath of communism in China was nearly not half as tempestuous as what ensued about a decade later. The advent of the Great Leap Forward (1958–60) and the Cultural Revolution (1966–77) unleashed a period of tumult and uncertainty that drove the country to catastrophic outcomes (even if one takes into account some of the gains that emanated from the Great Leap Forward).

Suggested Citation

  • Piya Mahtaney, 2007. "China: Its Ascent as an Economic Powerhouse," Palgrave Macmillan Books, in: India, China and Globalization, chapter 9, pages 83-96, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59154-7_10
    DOI: 10.1057/9780230591547_10
    as

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