1. Chinese Economy (Late 1970's to Present)
China has been a remarkably successful economy since its adaptation of market-oriented reforms in 1978. ... In 1986 the government introduced a policy package which is often referred as economic reform (Doi Moi). ... First, a gradualist approach may avoid excessive cost, especially for the government budget (Dewatripont and Roland 1992; Nielsen, 1993). ... Fourth, it helps a government to gain incremental credibility (Fang, 1992). ... China's economic reforms can be divided into separate eras. ...
- Word Count: 2154
- Approx Pages: 9
- Grade Level: Undergraduate