Political and economic factors - market reforms, Business Economics

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

(1) the political and economic 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 this for other developing countries seeking to follow the same path.

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