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JPB333/JEB103/JPB363/JEM167 - Comparative Economics

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Which of the countries that we have discussed during the second half of the semester have been using administrative barriers to the mobility of labour? Briefly outline the functioning of the system and comment on its possible implications for access to education.

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Let us assume that a revolution just happened in North Korea. You have been appointed to the position of a special advisor on North Korean reform, your task is to discuss the possible future scenarios of development and provide policy recommendations. Therefore, try to prepare a brief memo outlining:

1) What are the risks and benefits of fast reunification with South Korea?

2) Whether you expect the suitable reforms to follow the logic of the Washington Consensus. Ideally, use examples from the economic history of neighbouring countries: how much did they really or not rely on market policies during their development?

3) Finally, choose 2 possible privatization methods and discuss what kind of implications for the restructuring, quality of governance, but also the future of North Korean economic elites they might have.

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Imagine that you are member of a team which attempts to outline future risks and opportunities for the EU. Specifically, you have been asked for an opinion on the future of countries with the state capitalism model. Therefore, prepare a memo that will:

1) Outline what the term means. Are there any specific or distinct versions of state capitalism?

2) Outline the system's main advantages and weaknesses. Do not forget to discuss the stability of the model.

3) Attempt to speculate on its implications for the future development of the countries with such a model - compare it with either the "managerial capitalism" in general or with a particular variety of market economy that can be found in an EU country.

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Which methods of privatization are more likely to preserve the role of incumbent economic elites? Please explain how this can work and provide some examples.

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Which of the following claims on price liberalization and its effects are true?

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How would you describe the current model of functioning of Chinese economy? Is traditional (textbook-like) market economy or a traditional Soviet-styled central planning? Explain similarities or differences between the current Chinese economy and the two afore-mentioned models.

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How would you describe the role and development of stock markets (stock exchange and OTC) after mass privatizations (voucher privatizations)?

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Which of the following reasons can at least partially explain the remarkable long spell of fast growth in Chinese economy, especially the features of China’s growth performance which contrasted with the performance of Central European economies?

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Some transition economies decided to privatize the state-owned enterprises into the hands of insiders – managers and employees of the companies (the MEBO method). Why would they do that?

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Which of the following claims on the changes in global incidence of state capitalism are true?

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