Chapter 26 - Assignment 2: Transition to Market Economies in Asia

1. 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?
2. Was the transition successful in each of the countries examined? Explain.
3. 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?