2005Economic SurveyRequires access

Several Views on the "11th Five - year national Economic and Development Plan"

Wen Guo

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Abstract

The changed economic background has made market as the basic power to allocate resources, while economic plans stand at the second place in such function. Thus, the 11th Five - year economic and development plan should reflect the basic principle of this. Under this, the government should focus its job on the correction of market failure, but not the allocation of resources. The paper argues innovation of framework; contents, emphasis and method of plan development.

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The changed economic background has made market as the basic power to allocate resources, while economic plans stand at the second place in such function. Thus, the 11th Five - year economic and development plan should reflect the basic principle of this. Under this, the government should focus its job on the correction of market failure, but not the allocation of resources. The paper argues innovation of framework; contents, emphasis and method of plan development.

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Available abstract

The changed economic background has made market as the basic power to allocate resources, while economic plans stand at the second place in such function. Thus, the 11th Five - year economic and development plan should reflect the basic principle of this. Under this, the government should focus its job on the correction of market failure, but not the allocation of resources. The paper argues innovation of framework; contents, emphasis and method of plan development.

Key concepts: Plan (archaeology), Government (linguistics), Development plan, Function (biology), Focus (optics), Market failure, Business, Economic power

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