Econ FINAL part 2

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Author:
kyle.coughlin
ID:
186451
Filename:
Econ FINAL part 2
Updated:
2012-12-02 14:26:27
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Econ FINAL part
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Econ FINAL part 2
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  1. What happened in stage 1 of Deng's gradual transition?
    • agricultural reforms: profit incentive was provided to the peasants
    • foreign reforms: new DFI incentives, special economic zones were created
  2. Stage 2 of Deng's gradual transition?
    • permission for chinese people to start municipal businesses
    • could use their savings to start businesses
    • step towards a free market
  3. Stage 3 of Deng's gradual transition?
    • some privatization of SOE's
    • banking reform
  4. Name of southern province in China with lots of DFI?
    Hong Kong
  5. Why was gradual transition more successful in China then Eastern Europe?

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