Chapter 23 - Assignment 2: Transition to Market Economies in Asia
Chapter 23 - Assignment 2: Transition to Market Economies in Asia
Read the document entitled: "Transition to Market Economies in Asia."
- What is the distinction between the 3rd and 4th type of economic reform discussed in section 2 of this article? Why is it sometimes difficult to distinguish between these two categories?
- Was the transition successful in each of the countries examined? Explain.
- Was a policy of "shock therapy" or gradualism used in each of these countries? Explain. According to this article, what are the advantages of each approach?
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