What are the basic characteristics of the traditional economic development model?

The so-called economic development model refers to a special type of national economic development strategy and its productivity growth mechanism and operating principle in a certain period, including a series of elements such as economic development goals, models, development priorities and steps. Under the condition of certain production technology, the realization of economic development strategy will eventually be restricted by a country's available resources. Under the traditional planned economy system, China has chosen a development model that emphasizes quantity growth and extension. This development model has the following characteristics:

(1) is a catch-up development model with high-speed growth as the main goal.

(2) It is a development model implemented by government administrative forces.

(3) It is a development model with tilted economic structure. This development model is essentially at the expense of the slow development of agriculture, light industry and other industrial sectors.

(4) It is an extensive development model. The remarkable feature of this development model is the pursuit of extended expanded reproduction model, which continuously increases the number of products through a large amount of labor and capital investment.

(5) It is a closed economic development model.

Although this traditional economic development model has played a certain positive role under specific historical conditions, its disadvantages have become increasingly exposed with the passage of time. For example, the economic structure is seriously unreasonable, high accumulation and high input are accompanied by low efficiency and low output, unbalanced regional development, serious waste of resources and ups and downs of economic development. This development model has inherent conflicts with the market economy. Under the condition of socialist market economy, it is imperative to change the mode of economic development in order to make the national economy develop stably and harmoniously for a long time, realize the optimal allocation and the most effective utilization of resources.