Which of the following is a not feature of dualistic trade regime by the late 1980s?

Question

BlackTom AI · Accepted Answer

To evaluate what characterized the late-1980s dualistic trade regime, we should examine how import rights, export processing, tariffs, and zone-wide policy were typically structured.
Option 1: 'The import rights were given to for most domestic manufacturing enterprises.' This claim would imply broad, favorable import rights granted to the majority of domestic manufacturers. In reality, the dualistic regime often restricted imports for domestic firms and reserved freer import access for specific entities such as foreign-invested enterprises (FIEs) or export-oriented units. Therefore, this statement describes a situation that is not aligned with how import permissions were generally allocated, making it an incorrect feature of the regime.
Option 2: 'Under the EP regime, exporters, predominantly foreign-invested enterprises (FIE), were allows to sidestep the entire import controls, and regulatory monopolies.' The Export Processing (EP) framework typically offered duty-free or simplified access for raw materials and components used in export production, effectively reducing or bypassing some import controls for exporters. This aligns with the intended goal of encouraging export activity and was a characteristic feature of the regime, so this option points to a true aspect of the system.
Option 3: 'China had in place a system of high tariff.' While tariff levels evolved, the reform era pursued tariff reductions and the creation of special zones with favorable treatment to stimulate growth and integration into world markets. Describing the regime primarily as having a high-tariff system would not capture the overarching liberalization trend of that period, making this statement not representative of the dualistic regime’s typical tariff posture.
Option 4: 'China created a gigantic EP zone throughout the entire coastal, with the boundary extended far beyond the SEZs.' The development of export processing zones and related coastal incentives extended beyond a single SEZ, creating a broad coastal zone strategy to attract investment and export-oriented production. This description matches the broader pattern of zone-based policy during that era, and thus constitutes a feature of the regime.

SP25_ECON_363_1 Problem set for week 5

Which of the following is a not feature of dualistic trade regime by the late 1980s?

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