Explain the obstacles that countries face

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Explain the obstacles that countries face during economic transition.

Reference no: EM132362670

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Explain the obstacles that countries face : Explain the obstacles that countries face during economic transition.
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China does not have a democratic political system : China does not have a democratic political system. Therefore although China has undergone tremendous economic growth in the past decade
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Rapid accumulation of capital and technological catch-up : China has been transformed from a rural agrarian economy to an urban industrial force through a process of reform, the utilization of a vast endowment of labour

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