Broader Conceptions of Development: Assignment
Chapter 2 Emerging Property Rights in China
P66 Mgmt. Focus: Broader Conceptions of Development: Amartya Sen
Questions: 1. What prompted the new property law in China? Why did it take so long to actually develop the law?
What promoted this new law was an effort developed for 14 years, and also the change in the economic system, from planned system to a dynamic market-based economy. It took so long because of the conflict between the political system and ideological view. Once the government is based on Marxism, and the new economic system differs with this characteristic of the government, there were ideas conflicts which explain why the new property law took so long.
2. China’s new law has implications for both urban land holders and rural land holders, but it is especially important for the latter group. Explain what China’s new property law means for farmers.
For the farmers this new law is really important because it gives to them more secure property rights. It means that they will not be injured by appropriation of the housing and factory construction. If those companies want to take the farmers lands, they will have to provide compensations.
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Chapter 2 India's Transformation P81-82 Closing Case
Questions: 1. What kind of economic system did India operate under during 1947 to 1990? What kind of system is it moving toward today? What are the impediments to completing this transformation?
The economic system adopted was a mixed economy, but nowadays is moving towards market economy.
2. How might widespread public ownership of businesses and extensive government regulations have impacted (1) the efficiency of state and private businesses, (2) the rate of new business formation in India during the 1947-1990 time frame? How do you think these factors affected the rate of economic growth in India during this time frame?
3. How would privatizations,
P66 Mgmt. Focus: Broader Conceptions of Development: Amartya Sen
Questions: 1. What prompted the new property law in China? Why did it take so long to actually develop the law?
What promoted this new law was an effort developed for 14 years, and also the change in the economic system, from planned system to a dynamic market-based economy. It took so long because of the conflict between the political system and ideological view. Once the government is based on Marxism, and the new economic system differs with this characteristic of the government, there were ideas conflicts which explain why the new property law took so long.
2. China’s new law has implications for both urban land holders and rural land holders, but it is especially important for the latter group. Explain what China’s new property law means for farmers.
For the farmers this new law is really important because it gives to them more secure property rights. It means that they will not be injured by appropriation of the housing and factory construction. If those companies want to take the farmers lands, they will have to provide compensations.
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Chapter 2 India's Transformation P81-82 Closing Case
Questions: 1. What kind of economic system did India operate under during 1947 to 1990? What kind of system is it moving toward today? What are the impediments to completing this transformation?
The economic system adopted was a mixed economy, but nowadays is moving towards market economy.
2. How might widespread public ownership of businesses and extensive government regulations have impacted (1) the efficiency of state and private businesses, (2) the rate of new business formation in India during the 1947-1990 time frame? How do you think these factors affected the rate of economic growth in India during this time frame?
3. How would privatizations,