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The debacle of Kuomintang government and the formation of a new China after the end of the Anti-Japanese War can be attributed to the Kuomintang government's economic policies which triggered capital flight. Since the cotton textile industry had been the leading sector of Chinese industry from the outset of its modernization, the policy toward the cotton industry was of crucial importance for the Kuomintang government's economic policy.
The inflation of 1948 resulted in shortages of cotton supplies and the Chinese cotton industry fell into dire straits. The Kuomintang government initiated an aggressive control policy which directly precured cotten from producers to ensure a sufficient supply of cotton and established a price-freeze on cotton thread and textiles. The government intended to stabilize prices and suppress the inflation by stabilizing prices of cotton thread and cloth.
However, the control policy failed because of resistance from cotton textile industrialists, who drained away textile facilities and capital to Hongkong or Taiwan around the end of 1948 and early 1949 when prices soared and inflation spiraled out of control. Cotton textile industrialists negative response to the control policy of Kuomintang government rendered the policy ineffective and became a symbolic statement that implied the withdrawal of industrialist cooperation with the government.
The price-freeze policy was a necessary and justifiable emergency response to settle the postwar economic crisis affecting China, although it contradicted the economic interests of cotton textile capitalists. The obstruction from the capitalist class was a main factor in the government's economic policy failure from the beginning. While the aggressive price-controls were in effect, the Kuomintang government was bereft of its political base of capitalists who were the foundation of the Chinese economy and directed its course.
The inflation of 1948 resulted in shortages of cotton supplies and the Chinese cotton industry fell into dire straits. The Kuomintang government initiated an aggressive control policy which directly precured cotten from producers to ensure a sufficient supply of cotton and established a price-freeze on cotton thread and textiles. The government intended to stabilize prices and suppress the inflation by stabilizing prices of cotton thread and cloth.
However, the control policy failed because of resistance from cotton textile industrialists, who drained away textile facilities and capital to Hongkong or Taiwan around the end of 1948 and early 1949 when prices soared and inflation spiraled out of control. Cotton textile industrialists negative response to the control policy of Kuomintang government rendered the policy ineffective and became a symbolic statement that implied the withdrawal of industrialist cooperation with the government.
The price-freeze policy was a necessary and justifiable emergency response to settle the postwar economic crisis affecting China, although it contradicted the economic interests of cotton textile capitalists. The obstruction from the capitalist class was a main factor in the government's economic policy failure from the beginning. While the aggressive price-controls were in effect, the Kuomintang government was bereft of its political base of capitalists who were the foundation of the Chinese economy and directed its course.
목차
Ⅰ. 序論
Ⅱ. 紡織工業의 原棉 부족과 棉花 공동수매
Ⅲ. 8ㆍ19 物價 統制와 綿紗布 價格의 制限
Ⅳ. 綿業統制政策의 실패와 紡織資本家의 動向
Ⅴ. 結論
〈Abstract〉
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UCI(KEPA) : I410-ECN-0101-2010-911-002850672