Advertisements
Advertisements
Question
In what ways does the present Chinese economy differs from its command economy?
Advertisements
Solution
The present Chinese economy has adopted the ‘open door policy’ to generate higher productivity by investments of capital and technology. It differed from its command economy in the following manner:
- It broke stagnancy of command economy.
- Command economy lagged behind the industrial production but Chinese economy recovered it by privatisation of agriculture and industry.
- The present Chinese economy established new trading laws and created Special Economic Zones leading higher rise in foreign trade. During Command economy the international trade was minimal and per capita income was very low.
APPEARS IN
RELATED QUESTIONS
Fill in the blank:
ARF was established in the year ______________________.
What are the objectives of establishing regional organisations?
What are the components of the ASEAN Vision 2020?
Which of the following does not come under ‘Six dialogue partners’ of ASEAN?
Mention any two objectives of ASEAN.
List out the achievements of ASEAN.
What was the impact of the Indo-China Conflict on the opposition parties?
- The CPI, which was in favour of the Soviet Union, grew closer with the Congress.
- The Communist Party of India broke up in 1963.
- Alerted the leaders of India about the situation in the Northeast.
- Nagaland was given state status.
Select the correct answer using the force given below:
When was The ASEAN Regional Forum established?
Which of the following is not the founder member of ASEAN?
‘In recent years India has paid adequate attention to ASEAN’. Give two points to justify the statement.
Name the country whose foreign policy did not give much attention to ASEAN during Cold War.
Bangkok Declaration is related to one of the following?
Which of the following country is NOT a member of BRICS?
Which country among the following is not a member of SAARC?
Two founder members of ASEAN are ______ and ______.
The Circle shown in the ASEAN Flag symbolise ______.
The 13th conference of BRICS in June 2021 was held in which of the following countries?
Which of the following are the components of the ASEAN Vision 2020?
Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
Why did ASEAN establish Free Trade Areas (FTAs)?
Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
How ASEAN Economic Community would resolve economic disputes?
Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
Which countries have already moved fast to negotiate FTAs with ASEAN?
This conference led to the establishment of a global action plan to promote sustainable development in 1992, Brazil. This is ______.
Which among the following countries is one of India's largest trading partners among the SAARC countries?
Select one of the most appropriate statements for the ‘ASEAN WAY’ - ______
Explain the three main pillars of the ASEAN Community along with one objective of each.
