Reform Era

The Reform Era refers to a period of significant change and modernization across various countries, notably in China from the late 1970s onward. During this time, governments introduced new policies to improve economic growth, reduce poverty, and modernize institutions by encouraging foreign investment, privatizing state-owned enterprises, and reforms in education and technology. This shift aimed to adapt to global changes, boost living standards, and create more open and efficient economies, moving away from strict, centralized control. The Reform Era often marks a turning point toward more dynamic, market-oriented development.