China's economic reforms : pointers for other economies in transition?

China's two main economic problems before reform were low incentives to workers and the misallocation of resources among sectors. These problems were theresult of a development strategy oriented toward heavy industry. By improving material incentives, China's reforms created a flow of new resources and allowed them to be allocated to sectors suppressed under pre-reform strategies. The onset of reform in China was not allowed to disrupt production from existing resources. Instead, the newly created resources were permitted to accrue and to flow into the more productive, often light industrial sectors, thus stimulating continuous growth of the national economy during reform. Low incentives and the suppression of nonpriority sectors are common features of the legacy of economies in transition from central planning that based their development on the rapid growth of heavy industry. China's approach may be of interest to them. Among lessons China learned are that: (a) Autonomy must be granted to micromanagement units and preserved to improve the incentive structure and create a new flow of resources. (b) While maintaining essential minimum levels of production in the pre-reform priority sectors, autonomous enterprises must be permitted and encouraged to allocate new incremental resource flows to the previously suppressed sectors. (c) In parallel, the distorted policy environment and planned-allocation system must be progressively reformed to bring them into line with the new system of incentives and modus operandi of autonomous enterprises.Banks&Banking Reform,Municipal Financial Management,Water and Industry,Economic Theory&Research,Environmental Economics&Policies

Assisted optimal state discrimination without entanglement

A fundamental problem in quantum information is to explore the roles of different quantum correlations in a quantum information procedure. Recent work [Phys. Rev. Lett., 107 (2011) 080401] shows that the protocol for assisted optimal state discrimination (AOSD) may be implemented successfully without entanglement, but with another correlation, quantum dissonance. However, both the original work and the extension to discrimination of $d$ states [Phys. Rev. A, 85 (2012) 022328] have only proved that entanglement can be absent in the case with equal a \emph{priori} probabilities. By improving the protocol in [Sci. Rep., 3 (2013) 2134], we investigate this topic in a simple case to discriminate three nonorthogonal states of a qutrit, with positive real overlaps. In our procedure, the entanglement between the qutrit and an auxiliary qubit is found to be completely unnecessary. This result shows that the quantum dissonance may play as a key role in optimal state discrimination assisted by a qubit for more general cases.Comment: 6 pages, 3 figures. Accepted by EPL. We extended the protocol for assisted optimal state discrimination to the case with positive real overlaps, and presented a proof for the absence of entanglemen