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by: Ms. Ari Lesch


Marketplace > Iowa State University > Economcs > ECON 370 > COMPARTV CAPITALISM
Ms. Ari Lesch
GPA 3.53

Sonya Huffman

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Sonya Huffman
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This 2 page Study Guide was uploaded by Ms. Ari Lesch on Saturday September 26, 2015. The Study Guide belongs to ECON 370 at Iowa State University taught by Sonya Huffman in Fall. Since its upload, it has received 9 views. For similar materials see /class/214437/econ-370-iowa-state-university in Economcs at Iowa State University.




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Date Created: 09/26/15
Econ 370 Prof S Hu man Study Questions 1 Why did Gorbachev s policy of perestroz39ka fail 2 Brie y discuss the main structural economic differences between the East and West 3 GDP is growing at 10 percent per annum labor at 1 percent per annum and capital at 10 percent per annum Labor accounts for 75 percent of income and capital for 25 percent of income Find a the rate of growth of labor productivity b the rate of growth of capital productivity c the rate of growth of total factor productivity 4 Western observers of the planned socialist economic systems typically argued that these systems were distorted What does the concept of distortion mean and why might it be relevant to an understanding of the transition process 5 What characteristics of initial conditions are assessed in studying transition economies How can one measure initial conditions in an economy What is the relationship between an economy s initial condition and its transition to being a market economy 6 Discuss the signi cance of liberalization and its role in transition 7 The early years of transition were characterized as demonstrating a J curve What was the J curve and to what extent has it been relevant to our understanding of the transition process 8 What led to the phenomenon of a collapse of GDP being a general concomitant of liberalization 9 Brie y discuss the disorganization theory for output fall in transition economies According to this theory what are the factors that could prevent the output fall 10 Why was in ation a common feature of transitional states 11 Discuss the concept of the big push What are the policy characteristics that distinguish it 12 What is the gradualist approach to transition Can transition be both evolutionary and have big push How does the evolutionary approach help economists to study transition in ways that the big push does not What use ll perspectives does the evolutionary approach provide 4 UI ON gt1 9 O N O N N 4 N UI What is meant by corporatization Discuss the mechanisms for privatization in Eastern Europe Despite decreased state spending alter the collapse of command economies most governments ran de cits Why De ne the term sterilization policy What circumstances lead to this policy action Do you think that the central bank in a postsocialist state should be independent and insulated from political pressure Although experiences have varied widely from country to country what general initial conditions have profoundly impacted the development of international trade in transition economies Brie y discuss the external liberalization process during transition Speculate as to why CIS countries have largely failed to attract foreign direct investment Do Eastern European countries have the same experience Describe the sources of unemployment in transition economies How does unemployment affect the speed of restructuring and the rate of private job creation during the transition according to the AgnoinBlanchard model Compare and contrast income distribution from the communist era to contemporary times The conventional view is that living standards in transition economies have fallen dramatically due to price liberalization Why might olTicial reports on falling living standards overstate the true effect Have the Eastern European countries or the CIS countries achieved more rapid transition What factors indicate this success


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