"The Special Economic Zones are a window—a window of technology, of management, of knowledge, and of foreign policy. From the Special Economic Zones, we can import technology, obtain knowledge, and learn how to manage. Management is also a form of knowledge. The Special Economic Zones will become bases for opening our country to the outside world, increasing our knowledge, and training our personnel."
—Deng Xiaoping, "On the Construction of Special Economic Zones," 1984
Deng Xiaoping's policies, as described in the passage, most directly reflect which of the following global economic developments in the late twentieth century?
- The spread of free-market economic principles and deregulation within state-controlled economiesCevap
- BThe re-establishment of direct colonial rule by Western powers in East Asia
- CThe adoption of mercantilist trade strategies aimed at accumulating precious metals
- DThe complete homogenization of global culture and elimination of local economic practices
Cevap
The correct answer is the spread of free-market economic principles and deregulation within state-controlled economies. Deng Xiaoping's establishment of Special Economic Zones (SEZs) represented a shift toward integrating market-oriented policies and foreign investment into China's state-managed economy, illustrating the broader late twentieth-century trend of economic liberalization and globalization.
The correct option is correct because the establishment of Special Economic Zones in China under Deng Xiaoping represented a major shift away from a strictly command economy toward market-oriented reforms and integration with the global capitalist economy. This trend of economic liberalization, deregulation, and adopting free-market policies was a defining characteristic of globalization in the late twentieth century.
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Economics in the Global Age