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Comparative Analysis of Contemporary Foreign Socialist Practice and China

Author(s)

Ran An

Affiliation(s)

The University of New South Wales, Sydney, Australia

Abstract

This paper conducts a systematic comparison with the model of contemporary foreign socialist practice in terms of the similarities and differences in the economic model, the model of social development, and the model of political governance between the two. The research finds that, while adhering to the basic principles of socialism, socialism with Chinese characteristics has flexibly introduced the market economic mechanisms and realized great economic growth as well as social progress. It has shown strong adaptability and vitality. It is much more difficult for foreign socialist countries to develop their economy and institute social governance, as the balance between central planning and market mechanisms is important. By this approach, China has assured political stability and policy continuity for the country, ensuring centralized and unified leadership of the Party as another major success factor for China's socialist practice. The research findings in this paper show that the socialism with Chinese characteristics has special advantages in both theory and practice; thus, making it useful reference following might be in the global socialist cause development.

Keywords

Socialism with Chinese Characteristics; Foreign Socialist Practice; Economic Model; Political Governance; Comparative Analysis

References

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