Reference no: EM13731

Question 1

- Explain the key characteristics of the Chinese economy during the Mao era,

- The socio-economic shortcomings  that China experienced between 1949 and 1976 and (3) the accomplishments that China experienced between 1949 and 1976.

Question 2

Discuss  the subsequent in relation to China's market reforms:

The political and economic factors on the basis of which China decided to undertake market reforms;

- how China's approach to market transition differs from the approach followed by the ex-Soviet economies; 

- to what degree China's  peculiar  strategy can be  considered critical for the success  of China's rapid growth; 

- the implications of this for  other developing countries seeking to follow the same path.
 
Question 3

Show 

- The key differences between the first and the second phase of China's reform, 

- Substantiate your answer with the discussion of specific measures that demonstrate the difference between the two phases, and  

- discuss the socio-economic effects of the two phases of reform.

Question 4

Discuss the current macroeconomic structure of the Chinese economy (i.e.  the engines of China's growth),

- The policies that have led to the current macroeconomic structure,  (

- why China's macroeconomic structure is  considered  unsustainable, and (4) what types of changes are advocated.

Question 5

Explain -  the meaning of  the so-called "global imbalances,

- how they came about, and

- the different perspectives on they how they should be approached (i.e. are they sustainable? Do we need policy intervention? Can we rely on market correction?).

Question 6

Discuss 

- China's exchange rate  regime, 

- how the monetary policy intervenes to maintain it, and

- how it developed over time. Complete your answer by explaining

- why Yang and Heng (2012) claim that a "revalued Yuan would not bring about what these eminent economist and patriotic US congressmen wished for".

Question 7

Discuss 

-  how the process  of globalization has affected the characteristics of labor markets in the global economy  and, more specifically, 

- how the process of globalization has affected the characteristics of  the  labor market  in China  and 

- present the international debate on labor standards.

Question 8

Discuss how inequality, poverty and human development have been affected by China's reform process.

Question 9

Evaluate - the ecological consequences of China's rapid economic growth, and

- the challenges brought about by the need to address climate change.

Question 10

Discuss  -  the policy initiatives that China introduced in response to the 2008/2009 global crisis, and

- evaluate both their strengths and their problems.