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Assignment Help Question

REVIEW AND RESEARCH EXERCISE

You are required to identify one relevant economic article or academic paper that is

broadly related to any of the topics covered in the unit and write a 700-800 word critical

review of the article. In your review:

(a) Briefly summarise the main points of the article. Comment on the accuracy of the

writers use of economic concepts

(b) Indicate how the article pertains to topics in microeconomics or macroeconomics. Be

sure to identify the model/models or economic theory/theories implicit in the article. Is the

article well written? Why? Why not?

(c) Indicate what you have learned about microeconomics or macroeconomics from the

article?

You also need to submit a copy of the article you have chosen indicating the source (for

example, name of newspaper or magazine), name of author(s), date of publication and page

numbers. If it is an electronic copy, provide the appropriate web link.

. Some relevant sources of information to get you started are listed below:

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ald

No. of reference required : at least 3.

Article Review: Economic Reform and Openness in China:

Chinas Development Policies in the Last 30 Years

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Brief Summary of Main Points of Article

The article is mainly focused on the development policies of China through the

consideration of institutional economics. The economic development of China in the article is

discussed from three perspectives including political, historical, and cultural contexts. The article

has also discussed economic reforms of China (Tisdell, 2009). In this development process,

author has also discussed the economic challenge and the global eco nomic crisis faced by

Chinese economy. In the article, the future development of China in terms of its economic and

political growth and has also shown that economic development of China has become a growing

interest on international level. In order to exp lore the economic development of China, the author

in this article has used the concepts of economics through having well insight into them and

exploring them with the help of theories of economics. The author has touched both mirco-

economic and marco-economic aspects of the economics. In addition to this, the theoretical

insights are also given value in the discussion by the author. The author has discussed each point

in detail with the support of relevant sources of information. Overall, it can be stated that the

author has maintained a good degree of accuracy in discussion economic concepts.

Article Pertains To Topics in Micro and Macro Economics

The presented article aims to reflect some crucial and effective conceptual framework pertaining

Micro and Macro economics. The article is the theoretical presentation of comparative advantage

theory of economics. The theory states the for the purpose of reflecting the economic growth of a

country, it is essential to have comparative analysis of various economic indicators such as Gross

Domestic production (GDP), interest rate, inflation and employment (Goulb and Hsieh, 2000).

The article has used this concept in reflecting the condition of Chinese Economy in recent 30

years. In relation to this, the article has compared and analysed different economic indicators in

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the most efficient level so that viability and openness of the existing economy of the country can

be judged efficiently. In regard to this theory, it can be presented that this article and its related

information is effectively demonstrated in the article.

On the basis of in depth review of the article, it can be reflected that the presented article

is quite effectively. There are different concepts and theories which have been used in the article

for the purpose of providing theoretical evidences of the statements and claims made in the paper.

Another crucial and positive aspect of the article is that the article is written in a critical manner.

Both positive and negative aspects of theories have been discussed effectively so that both the

sides of the issues can be revealed. In addition to this, structure approached followed in the

article also makes the article effective and efficient one (Tisdell, 2009). All the information in

the article are arranged in the manner that all proper flow of the information can be pertained. In

this way, it can be reflected that from the perspective of the readers this article can be proved an

effective and efficient one.

Learning from the Article about Micro and Macro Economics

The study of this article and its research has given several learning additions from

personal learning enhancement viewpoint. From the reading of this article it has been learned

that in the economic reform of a country both micro economic and marco-economic decisions

play a crucial role. In addition to this, this has also been learned from the article that leadership

practices also play positive and important role in the economic development and reform of a

nation. From macroeconomic point of view, this has been learned from this article that, there are

faced several risk factors and fluctuations in the economic development of the country. This has

also been learned from the article reading and its critical review that in the economic reform

process governmental control is a very essential measure in order to keep the economic growth

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of present and future context in a balanced way (Tisdell, 2009). From the study of this article, a

good learning has been gained about the basic concept of economics as well as the theories and

conceptual frameworks of economics. Overall, this article has been proved a good learning

source to enhance knowledge in the field of economics.

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References

Goulb, S.S. and Hsieh, C.T. 2000. Classical Ricardian Theory of Comparative Advantage
Revisited. Review of International Economics 8 (2), pp 221-234.

Tisdell, C. 2009. Economic Reform and Openness in China:Chinas Development Policies in the
Last 30 Years. Economic analysis & policy 39(2), pp. 271-294.

Wilson, J. 2010. Essentials of Business Research: A Guide to Doing Your Research Project.
SAGE.

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