Problem 1
Explain the relationship between this pair of terms: a. International Monetary Fun b. stabilization program
Problem 1
Explain the difference between these terms: a. shock therap b. perestroika
Problem 1
Explain the relationship between the terms in each of these pairs: a. developed nations less developed countries b. human development index infant mortality rate
Problem 2
What makes privatization a challenge in transitional economies?
Problem 2
What does the state of a nation's infrastructure say about the country's level of economic development?
Problem 3
How can a nation develop its human capital?
Problem 3
Why is per capita GDP a more useful statistic than overall GDP when comparing nations?
Problem 4
Why are special economic zones important to the growth of the Chinese economy?
Problem 5
Why are health and longevity statistics useful in determining a nation's level of development?
Problem 5
In what way(s) is privatization an element of China's shift to a market economy?
