Evolution of Dual Economic Theory and Inspiration for Reality

Up to now, dual economic theory has experienced evolution for half a century and it has played an un neglectable part in guiding the practice of economic development in developing countries. Since the1980s, with the rapid development of new growth theory, new trade theory and branches of new institution theory, dual economic theory has made new development, whose application is reflected in much empirical research. On the basis of making emphasized comment, the paper analyses the trends and characteristics of dual economic structure in China.