The most important factor that contributed to China's rapid growth at the end of the 1970s and early 1980s was:

Question

Quizplus · Accepted Answer

Institutional reforms, particularly the introduction of market-oriented reforms and opening up to foreign investment and trade, played a major role in China's rapid growth during this period. This allowed for greater economic efficiency, increased competition, and access to global markets and technology. While improvements in physical and human capital, as well as advances in technology, were also important factors, they were largely enabled by the institutional reforms.

The Most Important Factor That Contributed to China's Rapid Growth