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El Camino College The Chinese Economic Reforms Essay

El Camino College The Chinese Economic Reforms Essay

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write 4 short essays (500-600word) five paragraphs each essay.

1. One general lesson from China’s reform since 1978 is to “get incentivesright.” Elaborate on this lesson with three examples.

2. One major characteristic of China’s reform is the adoption of “dual-track” systems in reforms. Elaborate on the functioning, advantage, and shortcomings of dual-trackreforms with an example.

3. One common problem in socialist economies is the existence of soft budget constraints. Elaborate on how the soft budget constraint has mattered in the Chinese economysince 1949.

4. Elaborate on what you have learned from reading Xu (2011, Journal ofEconomic Literature).

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