TITLE

CHINA AND THE WORLD: SELF-RELIANCE OR INTERDEPENDENCE?

AUTHOR(S)
Terrill, Ross
PUB. DATE
April 1977
SOURCE
Foreign Affairs;Apr1977, Vol. 55 Issue 3, p295
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the economic and political modification of the principle of self-reliance of China, as of April 1977. The Trade of China with the world rose very sharply in value during the 1970s, from $3.86 billion in 1969 to about $15 billion in 1975. A certain institutionalization of the international economic involvement of China also appears to be taking place. Ports and other foreign-related communications facilities are being greatly improved. Behind all these developments lies an apparent rejection of strict self-reliance in the sense of buying only what cannot be made and selling only what is left over, in favor of a tentative acceptance of the law of comparative advantage in international economic relationships.
ACCESSION #
4852553

 

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