Word: plannersally
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Jahn and Trump have passed up a much greater opportunity, however: the chance to create an intricately woven place, a true city within a city, complete with streets, courtyards, a variety of building types, maybe even a sense of community. The land is so vast and comparatively cheap (Trump paid...
But life is getting better, fast, for many Chinese. Industrial production has leaped along with food output. Early in 1985 it was increasing at an annual rate of 23%, a pace Deng and his planners judged too rapid. They ordered a slowdown to avoid shortages and worsening inflation. In Mao...
One top economic official in Shanghai gives this reason for retaining at least some production quotas: "Of course we cannot give each factory the right to decide what to produce. What would happen if all of our garment factories produced blue jeans and none produced coats?" The capitalist answer would...
Gorbachev is extending experiments to give selected industrial and farm managers slightly greater freedom in pricing and production decisions. His closest economic adviser, Abel Aganbegyan, has called for a reallocation of investments to modernize factories rather than build new ones and to improve the quality of products. But this rechanneling...
Now Deng and his lieutenants think the time has come to take a much longer step toward a full-fledged market system. Under a plan that went into effect in late 1984, state industry is also run under a contract system. Central planners still set broad production goals, but they...