Mao Zedong's Influence On China And The Global Political Economy

Additionally, the leaders of any country are significant in the relationship of the role of the economic standpoint. Different leaders bring forth different experiences for the country and the global political economy. Similarly, China’s role in the past depended on pervious leader named, Mao Zedong and had many influences that impacted China. During the year, 1949, Zedong came into power for China and his intentions were driven by the method of communism (Yu, 2014). Thus, for communism to exist, markets become closed of and growth of economy is reduced. As a result, communism was his focus even though it is difficulty to grasp. Zedong and the approach of communism allowed for greater government intervention. Such that, “raising …show more content…
The ability of all to be paid equally seem to bring forth justice, but at the same time creates consequences. Hence, citizens of China were emerged in poverty because they could not afford daily essential of human life, for instance, food and water (Wang, 2015). The approach of communism that Zedong takes tended to be unsuccessful. This is because Zedong had, “this strong belief in collective entrepreneurship…with an equally strong skepticism toward centralized state bureaucracy, became an overarching ideology driving Mao’s economic policy” (Wang, 2015, pp. 182). For example, if all were to work under the hands of the government there will be equal distribution of wealth which resulted in equal pay. However, human nature obtain the ability to want and desire more because there are different things that people want and desire with the payment. For example, a doctor that is ill himself, it will require treatment for himself, however, treatment cost money. Thus, if wealth is distributed equal then it becomes hard for even a doctor to receive treatment. This is because obtaining treatment becomes a choice of staying hunger or gaining