Early Exploration of Chinese Modernization Road:An Explanation of the Price Scissors of Industrial and Agricultural Products
In the early exploration of Chinese-style modernization road, the scissors difference of industrial and agricultural products played an important role, which provided a material basis for the reform and opening up and the continued exploration of Chinese-style modernization road in the new era. Britain stepped out of the British modernization road through industrialization, and Ricardo made a theoretical response to this, revealing the general law of the modernization road. Ricardo believes that industry is the leading sector of economic growth, and industrial growth needs two conditions: capital accumulation and wage adjustment, which provides a theoretical explanation for the price scissors of Chinese industrial and agricultural products. The practice of mod-ernization in China and Britain shows that agricultural accumulation and non-market means are necessary and effective for industri-al start-up.
Chinese path to modernizationscissors difference of industrial and agricultural productsBritish modernization Ricardo's economic theory