One similarity in the economic thinking of Deng Xiaoping and Mikhail Gorbachev during the 1980s was their recognition of the need for reform to revitalize their stagnant economies. Both leaders aimed to introduce market-oriented policies to improve efficiency and productivity, albeit in different ways; Deng focused on opening China to foreign investment and implementing Special Economic Zones, while Gorbachev sought to infuse elements of market economics through his policies of perestroika. Despite their communist ideologies, both leaders acknowledged that economic liberalization was essential for their nations' growth and modernization.
allowed elements of capitalism within a communist economic system
Political, Economic, Social, and Thought.
B. V. Gorbachev has written: 'Mirovaia sistema sotsializma' -- subject(s): Economic conditions, Foreign economic relations
Deng Xiaoping
Deng Xiaoping
Deng Xiaoping, your welcome
Answer this question… Deng Xiaoping promoted free market policies, while Mao Zedong opposed noncommunist economic systems.
False. The Soviet Union underwent a forced transformation from an agricultural to industrial economy 60 years before Gorbachev - under Stalin. Read all about it on Wiki Answers. Gorbachev is known for quite a different transformation of Russia: from an administrative command economic system and totalitarian society (loosely referred to as Communist) to a democratic society and market economy.
Deng Xiaoping
Deng created an economy that blended socialism and capitalism.
Deng Xiaoping implemented economic reforms such as opening up China to foreign investment, establishing special economic zones, and introducing market mechanisms. He also promoted technological advancements, encouraged entrepreneurship, and initiated policies to increase efficiency in agriculture and industry, leading to significant economic growth and modernization in China.
a move toward increase capitalism