Economic Reform And Openness In China : Critical Article Review

Question

Economic Reform And Openness In China :

Critical Article Review

Answer Solution

REVIEW AND RESEARCH EXERCISE You are required to write a 700-800-word critical review of one relevant economics article or academic paper that is broadly related to any of the unit’s topics.

In your analysis:
(a) Briefly summarizes the article’s main points.

Comment on the author’s use of economic concepts accurately.
b) Explain how the article relates to macroeconomics or microeconomics topics.

Make sure to identify any economic theories or models implied in the article. Is the article written well? Why? Why not?
(c) Describe what you learned from the article about macroeconomics or microeconomics.

In addition, you are required to submit a copy of the article that you have chosen, indicating the name of the author(s), the publication date, and page numbers, as well as the source (such as the name of a newspaper or magazine).

Give the appropriate web link if the copy is electronic. The following is a list of useful resources to get you started:
The Sydney Morning Herald, The Australian Financial Review, The Economist, Australian Economic Review, Economic Record, and No. of need to be mentioned: least three
Review of Article: China’s Economic Openness and Reform: The article examines China’s development policies over the past 30 years by taking institutional economics into account. Hire a professional essay and assignment writer to complete your academic assessments. ]

Flexible rates that fit everyone’s budget. Brief summary of the main points of the article.

The political, historical, and cultural contexts of China’s economic development are all examined in this article. China’s economic reforms have also been the subject of the article (Tisdell, 2009).

The author has also discussed the Chinese economy’s economic challenge and the global economic crisis during this development process.

The future of China’s economic and political growth is discussed in the article, as is the fact that China’s economic development is drawing international attention.
The author of this article utilized economic concepts by gaining a thorough understanding of them and investigating them with the assistance of economic theories in order to investigate China’s economic development.

Both macroeconomic and microeconomic aspects of economics have been discussed by the author. In addition, the author gives weight to the theoretical insights in the discussion.

Each point has been discussed in depth by the author, supported by relevant sources of information.

Overall, it can be said that the author has discussed economic concepts with a fair amount of accuracy.

Topics in Micro and Macro Economics are the focus of this article, which aims to present an important and useful conceptual framework for micro and macroeconomics.

The comparative advantage theory of economics is theoretically presented in this article.

According to the theory, comparative analyses of various economic indicators like employment, interest rates, inflation, and Gross Domestic Product (GDP) are necessary to accurately reflect a nation’s economic expansion (Goulb and Hsieh, 2000).
This idea was used in the article to show how the Chinese economy has been in the last 30 years.

In this regard, the article has compared and analyzed various economic indicators at the most effective level so that the country’s current economy’s viability and openness can be evaluated effectively.

Regarding this theory, it is possible to argue that the article successfully demonstrates the theory as well as the information it contains.

Based on an in-depth analysis of the article, it can be concluded that it is quite effective. In order to provide theoretical support for the assertions and claims made in the paper, the article makes use of a variety of concepts and theories.

The fact that the article is written in a critical manner is another important and positive aspect. In order to reveal both sides of the issue, theories’ positive and negative aspects have been effectively discussed.

Additionally, the article’s structure and approach contribute to its effectiveness and efficiency (Tisdell, 2009). ]

The article’s information is arranged so that the correct flow of the information can be observed.

In this manner, it can be seen that this article is, from the readers’ perspective, effective and efficient.

Learning from the Article About Micro and Macro Economics From a personal learning enhancement perspective, the study of this article and its research has provided several learning additions.

The reading of this article has revealed that both macroeconomic and microeconomic decisions are crucial to a nation’s economic reform.

In addition, the article reveals that leadership practices also play a positive and significant role in a nation’s economic development and reform.

From a macroeconomic perspective, this article reveals that the country’s economic development is subject to multiple risk factors and fluctuations.
The reading of the article and its critical analysis also revealed that governmental control is a crucial component of the economic reform process in order to maintain a balanced economic growth in both the present and the future (Tisdell, 2009).

A lot of knowledge about economics’ theories and conceptual frameworks, as well as its fundamental concept, has been gained from reading this article.

In general, this article has been found to be a useful learning resource for expanding one’s economics knowledge.