What are major differences and commonalities between the transition from a planned to a capitalist economy in China and Central Eastern Europe?

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1) What are major differences and commonalities between the transition from a planned to a capitalist economy in China and Central Eastern Europe? (explain at least 3 major differences and 1 commonality in the transition process).2) How did inequality change over the 20th century and how did inequality contribute to the Great Recession (or, if you disagree with the argumentation presented in the lecture, why it did not)?






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