China Struggles to Reform

Charles F. Bingman

Abstract


The most important role of governments in the world today is to deal with the state of their national economies. Of the 200 or so countries in the world, perhaps half are in some form of serious economic dilemma, and most of the rest face major challenges to keep their economies up with burgeoning demands on them. After the fall of the U.S.S.R., the 15 nations that emerged from it and the countries of the former Soviet bloc in eastern Europe are all struggling to abandon their Soviet style governments and economies and accommodate to a “market tested economy” that few of them really understand. Most of the nations of Sub Saharan Africa have economies that are so weak that they are scarcely able to support even basic public services, especially when the country is in the hands of tyrannical and incompetent governments mired in wars, rebellions and the incursions of terrorist war lords. In the Far East, state socialist governments are also being forced to abandon much of their socialist economies and retreat slowly and reluctantly into some form of market economy. The countries of the Middle East deteriorate because of armed conflicts. Unfortunately, these realities come at a time when the more developed countries of the world are evolving into a complex new “globalization” world which widens the gap over the struggling less developed economies.

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