'Backfire': a review and extension

Article Abstract:

Bob Zelnick's 'Backfire' condemns the policies of race and sex preferences in the US. Zelnick asserts that efforts to prevent discrimination against US minorities have led to discrimination against other social collectivities. The decision to ban all discriminatory employment procedures against blacks has led to the induction of less competent employers in offices. Zilnick opines that the lower ability of blacks as compared to whites is proved by the academic achievements of black students. Official policies have failed to target the black minorities who form only 49% of the minority beneficiaries.

Portrayals, Minorities, Backfire (Book), Zelnick, Bob

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Modernizing China's banking and financial sectors

Article Abstract:

Financial reforms in China aim to facilitate the transition to a market-based financial system. The 1995 central and commercial bank laws have stimulated the growth of an effective banking system, based on commercialization of state-owned banks and modernization of their accounting system. Phased liberalization has boosted developments in the money and capital markets. The future emphasis will be on setting up of a nationally integrated interbank market and the liberalization of the interest rates and exchange system.

Banking industry, Economic aspects, Financial markets, Deregulation

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Economic reform in China

Article Abstract:

The so-called Chinese Economic Miracle resulted from the introduction of sweeping reforms begun in late 1978 that have since led to a remarkable annual growth rate of roughly 10%. This remarkable pace of economic development contrasts with the failure of China's previous economic 'Great Leap Forward' strategy. China's existing economic success is explained by authors Justin Yifu Lin, Fang Cai and Zhou Li in a highly useful book, 'The China Miracle: Development Strategy and Economic Reform.

Analysis, The China Miracle: Development Strategy and Economic Reform (Book)

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