Economics: Japan and China
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Using the books "Japanese Phoenix" by Richard Katz and "The Chinese Economy" by Barry Naughton, the paper's essays cover a wide array of topics that pertain to Japan's ongoing economic slump and the enormous success experienced by China in its transition from a planned to a market economy, respectively.
From the Paper:"State-owned enterprises, SOEs, were at the heart of the Chinese economy until a wave of reforms aimed at privatizing began in the ...s. State-owned enterprises are significant to China's economy because of their size and number and the subsequent millions of Chinese they employ. Despite intent to reform SOEs, there was no real incentive for the SOEs to change because of government subsidies. Subsidies were required because it was not economically feasible to shut SOEs down..."
Cite this Term Paper:
Economics: Japan and China (2008, December 01) Retrieved July 07, 2020, from https://www.academon.com/term-paper/economics-japan-and-china-124986/
"Economics: Japan and China" 01 December 2008. Web. 07 July. 2020. <https://www.academon.com/term-paper/economics-japan-and-china-124986/>