The Great Leap Forward - SOEs
- Created by: sammilaw
- Created on: 22-11-14 14:56
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- The Great Leap Forward 1958-62
- SOEs (State Owned Enterprises)
- Mass mobilisation
- Attempt to bring industry under total government direction
- No private ownership
- States fixed: prices, output targets and wages
- Workers lost incentive/lacked initiative - fixed wages
- 'Iron rice bowl' - guaranteed job and protected wages
- Provided accommodation, medical and education benefits
- Impressive figures but no plan to produce manufactured goods
- Lacked: technical skills, managerial know-how, efficiently run factories & an adequate transport system
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