1. This new leadership has abandoned all talk of economic imperialism in favor of market economics. 2. In market economics narrow considerations of short-term market advantage dictate behaviour. 3. As far back as the Middle Ages, price promotion was used as a way to develop market economics. 4. And although the embrace of market economics is generally weaker the farther east one travels, all the candidate countries seem to be shifting toward such policies. 5. And return on investment is less of an impediment in nations not wedded to market economics, such as China. 6. Both are now members of ASEAN, the Association of Southeast Asian Nations, and espouse market economics. 7. Both groups remain committed to the principles of market economics. 8. A colorless figure who stayed out of the limelight at the top of the party, Chen deeply mistrusted Western democracy and resented market economics. 9. All of this clashes with basic market economics, which holds that prices are supposed to rise as demand does. 10. But he never pretended to believe in market economics. |