An opinion article in the Wall Street Journal argues that following the Chinese governments crackdown on pro-democracy
Question:
An opinion article in the Wall Street Journal argues that following the Chinese government’s crackdown on pro-democracy demonstrators in Beijing’s Tiananmen Square in 1989, “Initiatives to allow public oversight and the rule of law were now strictly off the reform agenda.
a. What does the article mean by “the rule of law”?
b. Why do economists believe that a country’s government needs to operate according to the rule of law if the country is to achieve sustained economic growth?
c. If the article is correct that the Chinese government has not followed the rule of law, what explains the high rates of growth of the Chinese economy? In your answer, briefly discuss whether the government of the Soviet Union followed the rule of law during its period of rapid economic growth and the similarities and differences between how economic growth occurred in the two countries.
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a The rule of law is a concept that signifies a system in which all individuals and entities including the government are subject to and accountable under the law It implies that the legal framework a...View the full answer
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