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Category > Economics Posted 06 Sep 2017 My Price 9.00

HW#3.ww-edit.ECN115B.2016

HW#3.ww-edit.ECN115B.2016

Questions 1: The information on four countries’ trade policy is given in the following

  • Country A: tax for importable is 10%, and subsidy for exportable 15%
  • Country B: tax for importable is 10%, and subsidy for exportable 10%
  • Country C: tax for importable is 15%, and subsidy for exportable 10%
  • Country D: tax for importable is 0, and subsidy for exportable also 0 1.1) Which country has Import-Substitution Industrialization (ISI) policy? 1.2) Which country has Export-Promoting Industrialization (EPI) policy? 1.3) Which country has free trade policy? 1.4) From the empirical evidence of Latin America and East Asia, which country has better prospect of economic growth? Question 2: Read Chapter 5 to 9 in The age of sustainable development by Jeffrey Sachs and answer the following question.
  • In Chapter 5, what are the forces that result in widening inequality in US and many emerging economies?
  • From Chapter 9, list ten recommended steps to Health for All in the poorest countries Question 3: Explain about the reform cycles in USSR. Question 4: Read Jeffrey Sachs’ and Wing Thye Woo’s “Structural factors in the economic reforms of China, Eastern Europe, and the Former Soviet Union”, and answer the following questions:
  1. While Chinese gradual reform was successful, the gradual reform in EEFSU failed although it was similar to the reform in China. Explain the reasons why the economic reform in EEFSU failed in terms of the structural point of view.
  2. What is the mechanism by which the government subsidy slowed down the economic reform in EEFSU?

Question 5: Read Wing Thye Woo’s “The Art of Reforming Centrally Planned Economics: Comparing China, Poland, and Russia”, and answer the following questions:

  1. List three lessons which are in support of the conclusion that the Chinese case proves that gradualism is better than a big bang, and discuss briefly the validity for each lesson.
  2. Jan Winiecki (1991) claimed that in the early stages of transition to a market economy, the fall in output has no impact on the welfare of the population. Give three reasons for this claim.

 

IMPORTANT: Here is two reading materials in the attachment. You need to find the Chapter 5 to 9 in THE AGE OF SUSTAINABLE DEVELOPMENT BY JEFFREY SACHS.

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SophiaPretty
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Status NEW Posted 06 Sep 2017 01:09 PM My Price 9.00

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