One might ask, how both of these countries with a Communist government could achieve such high level of economic growth, hence in order to understand how their transformation led to today's development, it is important to compare and contrast gradualism with shock therapy economic reform approaches. ... Third, it allows trial and error and mid-course adjustment (World Bank, 1991). ... Gradualist approach to reform can be defined as a sequential implementation of minimum bangs (terminology from Williamson, 1991). ... This can be used as a powerful argument against shock therapy, espe...

• Word Count: 2154
• Approx Pages: 9
• Grade Level: Undergraduate

By the end of 1949, the situation had radically changed with the success of the Chinese Communist People's Liberation Army (PLA) against the Nationalist Chinese. ... Although he signed agreements in 1949, he was disappointed in how far short of independence the French provisions were. ... It was a serious tactical error, being sited too far from major centres where support resources were, and the enemy's capabilities were grossly underestimated. ... Committed to the cause of an independent non-communist Vietnam, he accepted Bao Dai's offer on condition he had full authority over...

• Word Count: 4606
• Approx Pages: 18
• Grade Level: Undergraduate