| ID: |
HARP-669 |
| Title: |
Smashing the Iron rice Bowl |
| Source: |
Foreign Affairs, Volume 77, Issue 4, p 67 |
| Parties: |
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| Dispute Resolution Organ: |
|
| Year: |
1998 |
| Pages: |
0 |
| Author(s): |
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| Keywords: |
capitalism, China/Chinese, economic, social, and cultural rights, employment, government, human rights, market economy, planned economy, reform, social security, socialist market economy, state-owned, subsidies |
| Abstract: |
The Chinese government’s aim to achieve a “socialist-market economy” lies upon the success of reform of state enterprises. However, there is still much contradiction that arises when socialism is merged with capitalism. China’s dilemma is that it is afraid to smash the iron rice bowl because it fears that the social stability that has sustained its reform program would shatter with it. Nevertheless, state-owned enterprises are floundering as subsidies are withdrawn. The budget subsidies that once sustained state enterprises and kept the iron rice bowl intact dried up as the capital needs of modernizing enterprises soared while their fiscal contributions plummeted. The government still offers some subsidies, but it will soon have no choice but to close down most state enterprises. As many as 15 million workers will be unemployed and many thousands are likely to take to the streets in protect. |
| Secured: |
False |
| Download Article: |
Available here |
Keywords: capitalism, China/Chinese, cultural rights, economic, employment, government, human rights, market economy, planned economy, reform, social, social security, socialist market economy, state-owned, subsidies
