Date of Award:
5-1987
Document Type:
Thesis
Degree Name:
Master of Science (MS)
Department:
Economics and Finance
Department name when degree awarded
Economics
Committee Chair(s)
L. Dwight Israelsen
Committee
L. Dwight Israelsen
Committee
Reed Durtschi
Committee
Jay C. Andersen
Abstract
The central planning board in China issues orders to each economic agent mainly through two channels, ministries and provinces. These orders become the targets for every specific economic agent. The orders to the Foreign Trade Ministry become the targets for all import and export corporations, provincial foreign trade bureaus, and branch corporations. The activities of all branch corporations comprise China's foreign trade business.
The activities of the foreign trade sector are certainly influenced by features of the entire economy such as the domestic fixed-price system and labor immobility. These factors not only constrain foreign trade activities but also cause inefficiency in the activities. In the case of import sugar and export oil, these impacts are very obvious and they result in the loss of social welfare.
Since the targets in each import and export corporation lack rational relations among themselves, and to optimal economic goals, they stimulate the employees to pursue objectives and to create outcomes which the planners did not expect. Clearly, China must give up these irrational factors in order to develop the Chinese economy rapidly and efficiently. This is the only outlet for its economy.
Checksum
b949ca9c5819aea4342a3aa67e4053e3
Recommended Citation
Jiang, Wei, "An Analysis of Some Effects of China's Foreign Trade on its Economy" (1987). All Graduate Theses and Dissertations, Spring 1920 to Summer 2023. 4091.
https://digitalcommons.usu.edu/etd/4091
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