1. Planned Economy to Market Economy - China and the Soviet Union
This essay firstly aims to explain and analyse the theoretical differences between the two strategies on a macro level and illustrate various achievements and reality with statistics. ... Russia and NTLS Neoliberalism, the core of Neoliberal transition strategy, was initially coined by Milton Friedman who recommended the use of ˜shock therapy' to make a sudden and radical transition within a few years (Kotz, 2000). ... In comparison, China's experience was completely opposite as there was a dual existence of the state sector i.e. a planned economy and the market " the f...
- Word Count: 1874
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate