Reference no: EM131071808 , Length: 2000 Words

Question :Question 1
Discuss the following in relation to China's market reforms:
(1) the factors on the basis of which China decided to undertake market reforms;
(2) how China's approach to market transition differs from the approach followed by the ex-Soviet economies
(3) to what degree China's peculiar strategy can be considered critical for the success of China's rapid growth
(4) the implications of China's strategy of development under the reforms for other countries in the process of development.

Question 2
Discuss:
(1) the current macroeconomic structure of the Chinese economy (i.e. the engines of China's economic growth
(2) the policies that have led to the current macroeconomic structure
(3) why China's macroeconomic structure is considered unsustainable
(4) what types of changes are advocated.

Question 3
Discuss:
1) how the process of globalization has affected the characteristics of labor markets in the global economy and, more specifically,
2) how the process of globalization has affected the characteristics of the labor market in China and
3) present the international debate on labor standards.

Question 4:
Discuss
(1) The debate on the causes of the 2008/2009 global economic crisis
(2) The channels through which the crisis spread from US to the rest of the world
(3) The policy initiatives that China introduced to respond to the global crisis
(4) Evaluate both their strengths and their problems.