An analytical Reading for the Experience of Economic Reform in China
Dr. Abdul Karim Jaber Shinjar Al-Issawi1
Saadoon Rashid Khudair Al-Zubaidi2
1
– Professor of International Development College of Administration and Economics University of Al- Qadisiyah
2- PhD student Development College of Administration and Economics University of Al- Qadisiyah
* Extracted research for a doctoral thesis tagged (the experience of the socialist market in China and how to
benefit from it in Iraq)
Abstract: The Chinese economic reform is currently considered an economic miracle amongst nations; hence, this experience
is exemplary experience to be followed by the states that are transitioning from political and economic stages to completely
different ones. China changed from an underdeveloped and primitive society to a developed, civilized, and prosperous society
that competes with the most advanced industrial states. During the period of this transition, China adopted thoughts and
strategies that conform to the beliefs of its society that has a rich heritage dating back to thousands of years; therefore, China
has achieved an economic development that outweighs what is happening in various industrially advanced states. As a result,
China economy is rated second highest economy next to the US economic balance; in addition, it is expected that the Chinese
gross domestic product will outbalance that of the US in the third decade of this century, although its population represents
18% of that total population of the world.
