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Disadvantages Of Marketization In China

1663 Words7 Pages

Introduction

China has witnessed tremendous change in its social sector during the span of last several decades. Generally, China’s social sector has experienced four stages of development since the country was established in 1949 (Deng, 2013). The first stage, from 1949 to 1966, is viewed by Deng and other observers as the forming period of Chinese social sector; a large number of sizable the organizations in the social sector were founded, most of which worked on issues related commerce, arts, science and technology. 1966—1978 is identified by Deng as the second stage — the lag period; the Cultural Revolution stopped most organizations from functioning and prevented new social actors from emerging. After the lag period, the redeveloping …show more content…

The integrated essay aim to answer this pivotal question. First, it will document and examine some mainstream academic arguments on the social sector, including its definition and three key roles. Second, it will present and analyze four ongoing marketization phenomena in China’s social sector with real-life examples. Third, it will discuss the pros and cons of the marketization trend with the support of both scholarly and empirical evidence. After presenting some approaches to improve and supervise the marketization in the social sector, the essay will finally draw a conclusion, arguing the marketization trend is overall beneficial for China’s social sector, given a standard evaluation and supervision mechanism can be built to address the potential behavior deviation of the organizations in the social …show more content…

The document shows its appreciation to the inspiring prosperity, but at the same time expresses its concern to the rising discourse on the marketization trend in the social sector, which also caught many scholars' attention. In the context, the marketization refers to incorporate market values and entrepreneurial approaches into the social sector. In the following paragraphs, the essay will put together four categories of phenomenon revealing the marketization trend in China’s social

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