The Great Leap Forward - SOEs

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  • 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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