Economic Development Strategies of China after WWII Essay

Economic Development Strategies of China after WWII - Essay Example Deng did not held office as the China’s President or head of state, Premier, or even as the General Secretary or as the leader of the Communist Party, but still he is regarded as the â€Å"paramount leader† of the Peoples Republic of China mainly because of his far-reaching and successful economic reforms, which only transformed China to the current superpower status. So, when China’s developmental strategies after World War II are focused, it naturally refers to Deng’s economic reforms and the related developmental strategies. Considering this fact, the discussion will about how Deng’s reforms and developmental strategies, particularly his strategies to introduce foreign investment and technology into China’s economy, giving autonomy to state-owned enterprises, and the establishment of Special Economic Zones (SEZ) led to China’s optimum economic development. Deng came into the picture in the late 1970s when the patriarch of the Chinese Communist movement, Mao Zedong passed away in 1976 and importantly China was under a very pitiable economic condition. That is, under Mao regime, China following the footsteps of the erstwhile Soviet Union mainly developed many heavy industries, without diversification. This strategy provided little benefits for the average Chinese and even the normal consumer goods were scarcely available. So, â€Å"there was a prevailing sense among Chinas leaders that the economy was in crisis, and unless something drastic was done to improve human welfare, the survival of the regime itself was at risk† (Schuman 127). However, the leaders following Mao’s ideology wanted to continue the same economic strategy laced with Communist principles. On the other hand, Deng wanted to take the Chinese economy in an all-new direction. Instead of tinkering with the existing communist economic system, Deng wanted to la unch

Professionalism and the accounting profession Essay

Professionalism and the accounting profession - Essay Example The last section provides a personal interpretation of accountancy as a profession. Accountancy as a Profession The rise of professionalism in the United Kingdom is an issue that has gained much emphasis in the literature. The discourse comprises basic issues like what makes up a profession and how professionalism is attained (Lal, 1988). The discourse about how professions have reached their current status has evolved significantly over time, somewhat demonstrating different ideological or theoretical perspectives. Until the 1960s, the dominant theoretical perspective among social scientists exploring the professions was structural-functionalism or functionalism (Jones, 1995). They, largely inspired by the works of Emile Durkheim, look at the role of certain phenomena in cultural and social processes. Structural-functionalism assumes that the development of institutions and, for that matter, professions, usually was a normal outcome of the fact that they played functional or purpose ful roles in society (Roslender, 1992). This explanation, when used in the discourse of the professions, involved examining the array of functions carried out by professionals, and resulted in a complementary and imperceptive traits-based model of the professions. The trait-based paradigm comprises a set of theoretically distinct characteristics or qualities, like responsibility and broad knowledge, which are believed to embody the core attributes of a profession. The trait model is characterised by a particular disagreement amongst its advocates as regards the exact arrangement of components distinctive to professions (Larson, 2012). This is a problem which the ahistorical functionalist model of the professions has successfully avoided. Functionalists believe that the core elements of a profession are commonly restricted to those believed to be of practical or purposeful importance for the client-professional relationship or the society in general (Roslender, 1992). The manner in w hich accountancy has attained its professional status is also the emphasis of contemporary literature and debate. Most of the established histories of accountancy are classified under functionalism (Cherreson, 2003). Several scholars have argued that the histories of major professional accountancy organisations, like the Society of Incorporated Accountants and Auditors (ICWA) and the Institute of Chartered Accountants in England and Wales (ICAEW), â€Å"tend to assume not only that accountants are supremely necessary to society but also that the major factor enabling their current success has been their form of professional association† (Matthews, Anderson, & Edwards, 1998, p. 4). Furthermore, according to Matthews and colleagues (1998), several British scholars view accountancy as evidently an essential instrument for guaranteeing the most favourable yield or best productivity in any economy. According to trait-based perspective, the emergence of professional organisations w as a natural, and smooth, development intended to furnish professionals with the training or education needed to help them carry out vital functions in society. Because the title ‘profession’ was mostly confined to law, medicine, and the Church until the early 19th century, professions were eventually characterised as altruistic, functional, institutions (Brown,