Week 7 Homework Submission: Chapter 12: Review Questions 1, 2, and 3
Review Questions 1: What is transition?

Review Questions 2: How does “Transition” differ from liberalization?

Review Questions 3: Should the evolution and devolution of institutions and mechanism be considered “transitions”?

Chapter 13: Review Questions 1, 5, and 8
Review Questions 1: What are the four main contemporary system strategies?

Review Questions 5: Three of the five great power systems do not depend heavily on the rule of the contract law. How have two of them succeeded despite this handicap?

Review Questions 8: Why is workaholism a key element of three of the four successful great power systems? Does the leisure ethic pose a threat to Continental European prosperity?

ECO 250 Comparative Economic Systems Week 7 Homework Submission Answer