The Great Leap Forward: Anatomy of a Central Planning Disaster

@article{Li2005TheGL,
  title={The Great Leap Forward: Anatomy of a Central Planning Disaster},
  author={W. Li and D. Yang},
  journal={Journal of Political Economy},
  year={2005},
  volume={113},
  pages={840 - 877}
}
  • W. Li, D. Yang
  • Published 2005
  • Economics
  • Journal of Political Economy
  • The Great Leap Forward disaster, characterized by a collapse in grain production and a widespread famine in China between 1959 and 1961, is found attributable to a systemic failure in central planning. Wishfully expecting a great leap in agricultural productivity from collectivization, the Chinese government accelerated its aggressive industrialization timetable. Grain output fell sharply as the government diverted agricultural resources to industry and imposed an excessive grain procurement… CONTINUE READING
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