China and Globalization Essay Example | Topics and Well Written Essays - 2000 words

China and Globalization - Essay ExampleHence, regardless of the final outcome, the Third Plenum and its aftermath represent a delimit moment in the history of the frugal modernization of China.At first, Deng supported modernization with negligible central involvement so as to eliminate the barriers created by centralization, which had pushed China to its 1978 crisis. Eventually, the emphasis remained on modernization, yet with centralized macro-control. Deng had successfully loosened the grip of central planners, who had attempted to diminish, disrupt, and unsettle his Western-based market socialism (Zhang 38). Dengs approaches to economic modernization were rooted in the idea that the inflexibility of Mao Tse Tsungs economic policy should be abandoned. Mao Tse Tung enforced balancing collectivist ideals in a state of Chinas historical economic retardation. Thus, the emerging status of China as a global leader started with the stack of Deng Xiaoping when he became the Communist P artys frontrunner in 1978 (Waters 2).With Dengs rise to power, China started its journey toward global leadershiphip. On the 10th of October 1978, Deng tersely discussed one aspect of his agenda for China. To progress, he thought, China had to attain what he referred to as the four modernizationmodernization of science and engine room, national defense, agriculture, and industry (Waters 2). He believed that China should evolve knowledge of other countries best practices and acquire massive foreign support. As a point of departure for progress, he supported the launching of latest technology and facilities as created by other countries. Dengs recommendation, especially with regard to gaining knowledge from other countries and launching cutting-edge technology, is still considered by incumbent Chinese leaders (Zhang 44).On the 23rd of October 1985, Deng stressed to his government officials that nothing separates a market