In both China and India, the shift toward a command-based economic sys

QUESTION

In both China and India, the shift toward a command-based economic system has produced large gains despite weak property rights and endemic corruption.

Indicate whether the statement is true or false.

ANSWER

FALSE
Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption. In both countries, the shift toward a market-based economic system has produced large gains despite weak property rights and endemic corruption.