A Comparative Study of the Change of the Economic Model of Poland after 1989 and Chinas Reform and Opening up

Abstract

The former socialist countries of the Cold War have undergone a transition from planned economies to market economies in the context of economic globalization. This is a significant phenomenon that deserves scholarly attention. The paper focuses on Poland and China as two examples of different reform models, paths, and ideologies. A comparative analysis based on factual data is conducted to explore their transition process and outcomes. The results show that the path of transition each country has chosen has both similarities and differences. Both countries have faced various difficulties and opportunities in their reforms, and have adopted different policy measures to improve their domestic development. The conclusion suggests that there is no single optimal model for economic transition, but rather a diversity of choices and trade-offs that depend on the historical, cultural, and political factors of each country. In conclusion, Poland and China are two examples of countries that have undergone significant economic transitions in the past four decades. They have similarities and differences in their economic structure before the transition, their process of the transition, their growth in the past four decades, and their political and systematic factors in the transition. Their experiences provide valuable lessons for other countries that seek to achieve economic development.