Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Economics 3500
Final Examination
Fall 2009
[You need answer both questions 1 and 2. You may go to the following web-link to find some
references for the answers:
http://homepages.utoledo.edu/gchang/publication/. You are encouraged to search on line
and library for additional information and relevant references. You may use additional pages for
each of the questions.]
1. What are the main reasons causing the Chinese famine during the period of Great Leap
Forward? What is the uniqueness of this famine, in terms of the cause, as compared with other
famines in the history? States the reasons given by Chang and Wen (1997 Economic Development
and Cultural Change), and using the theories we discussed in the class to explain how a system
failure would cause such a human catastrophe.
2. What is the "Shock Therapy" approach suggested by Jeffrey Sachs? Which country(ies) adopted
the Shorck Therapy approach? What was the immediate consequence of the implementation of the
"Shock Therapy" approach? Why the inflation and recession last much longer than initially
thought?