. 1) “Over the last decade, China’s GDP has grown at one of the highest rates in the world, Russia’s at one of the lowest. The difference has come mostly from the growth of the new private sector. In China, the new private sector has thrived. In Russia, it has stagnated”. Explain the divergence between private sector evolutions in China and Russia during their transitions from a centrally-planned economy to a market economy.
. 2) Examine and assess how China’s financial system has performed in terms of providing capital to private entrepreneurial firms.
. 3) Identify the main opportunities and challenges for entrepreneurship in China’s high- tech sector.
. 4) Explain why Chinese private entrepreneurs are not mobilising to demand democracy and what the case of “capitalism without democracy” in China can tell us about the dynamics of endogenous institutional change.
. 5) Analyse the determinants of private entrepreneurship in China and critically assess its role in promoting socio-economic development during the reform era.
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