Compared with reforms in the 1980s, China's reforms in the 1990s were more consensus based. included state-sector downsizing. emphasised "reform without losers". included particularistic contracts with powerful incentives to the SOEs. None of the others is correct.
Question
Compared with reforms in the 1980s, China's reforms in the 1990s were more consensus based. included state-sector downsizing. emphasised "reform without losers". included particularistic contracts with powerful incentives to the SOEs. None of the others is correct.
Solution
The statement is asking for a comparison between China's reforms in the 1980s and 1990s.
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"More consensus based" - This suggests that the reforms in the 1990s were more agreed upon or accepted by a majority, compared to those in the 1980s.
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"Included state-sector downsizing" - This implies that the reforms in the 1990s involved reducing the size of the state sector, which could mean reducing the number of state-owned enterprises or the number of people employed in the state sector.
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"Emphasised 'reform without losers'" - This suggests that the reforms in the 1990s were designed in such a way that no group or sector would be negatively affected, or at least that the negative impacts would be minimized.
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"Included particularistic contracts with powerful incentives to the SOEs" - This implies that the reforms in the 1990s involved creating specific contracts for state-owned enterprises (SOEs) that included strong incentives for them to perform well or achieve certain goals.
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"None of the others is correct" - This option suggests that none of the other statements accurately describe the differences between the reforms in the 1980s and 1990s.
Without more specific information or context, it's difficult to definitively say which of these statements is correct. However, these are the general meanings of each statement.
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