chapter 8 Flashcards

(30 cards)

1
Q

when did India and Pakistan get independence?

A

1947

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2
Q

when did china get independence?

A

1949

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3
Q

when did India introduce its first five year plan?

A

1951

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4
Q

when did Pakistan introduce its first five year plan?

A

1956

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5
Q

when did china introduce its first five year plan?

A

1953

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6
Q

China’s growth rate during 1980s-1990s

A

10.3%

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7
Q

When did china introduce reforms?

A

1978

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8
Q

When did Pakistan introduce reforms?

A

1988

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9
Q

When did India introduce reforms?

A

1991

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10
Q

why do the three countries have the similar development strategies?

A
  1. all the three nations have started towards their development path at the same time
  2. all the three countries adopted economic planning as their core Development strategies
  3. till 1980s, all the three countries had similar growth rates and per capita income
  4. all the three countries introduced economic reforms as development strategies
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11
Q

reasons for slowdown of growth of Pakistan economy

A
  1. political instability
  2. volatile performance of the agricultural sector
  3. reform process introduced in Pakistan
  4. over-dependence on remittance and foreign aid/ loan
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12
Q

development of Pakistan in late 1950s and 1960s

A

Introduced a variety of regulated policy framework for import substitution based industrialisation

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13
Q

development of Pakistan in 1970s

A

nationalism of capital goods

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14
Q

development of Pakistan in late 1970s and 1980s

A

initiatives to private sector were offered

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15
Q

development of Pakistan in 1970s

A

economic reforms were introduced

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16
Q

development of China in 1949

A

one rule party

17
Q

development of China in 1953

A

announcement of first five year plan

18
Q

development of China in 1958

19
Q

development of China in 1965

A

GPC revolution

20
Q

development of China in 1978

A

economic reforms

21
Q

great leap forwards champion

A
  1. it aimed at industrialising the country at a massive scale
  2. In urban areas, people were encouraged to set up industries in their backyard whereas, in rural area communes form land collectively
  3. through commune system in 1958, there were 26000 communes covering almost all the farm population
22
Q

problems faced by GLF champion

A
  1. a severe drought caused havoc in china killing about 30 million people
  2. when Russia had conflicts with china it withdrew professionals from china
23
Q

The great Proletarian cultural revolution

A

Under the cultural revolution, students and professionals were asked to work and learn from the real life situations prevailing at country side

24
Q

three types of economic reforms

A
  1. introduced reforms in phases
  2. concept of dual pricing
  3. special economic growth
25
Introduction of reforms in what phases
1. initial 2. second
26
initial phases in introduction of reforms in phases
reforms were introduced in agricultural, foreign trade and investment sector
27
second phases in introduction of reforms in phases
reforms were introduced in the industrial sector
28
concept of dual pricing
this means fixing the prices in two ways; farmers and industrial units were required to buy and sell fixed quantities of inputs and outputs on the basis of price fixed by the government and the rest were sold at the market price
29
special economic zones
China adopted the 'open door policy' as a major economic reform initiative.
30
Factors leading to rapid growth in Chinna
1. land reforms 2. long existence of decentralised planning 3. establishment of infrastructure in the area of education and health