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THE SoFT INFRASTRUCTURE OF A MARKET ECONOMY
MARKET ECONOMY socialist economies average income
2008/11/22
A Western economist’s first visit toa socialist nation is an eye-opening
experience. One’s first impressions are rather like those from visiting
the poorer regions of our own economies—most visibly ...
China’s transition from a planned economy to a market economy
began atthe endof 1978.When China startedthe process,the government
did not have awell-designed blueprint. The approach to reform
can b...