Chinese Five Year Plans: An Economic Catalyst?

  • October 21, 2011
  • LTC Troy D Galloway

China's embrace of globalization in a measured manner is a direct result of the communist nation’s reliance on five-year national development plans to guide its growth and economic reform. This gradualist approach has worked well in moving the economy towards reform while avoiding significant risk. This paper discusses the linkages that exist between the significant Chinese economic success of the last 30 years and the communist five-year plans that have outlined many of the nation’s economic reforms.