Institutional Innovation of Government in China's Transitional Economy
Yang Mei-zh
Abstract
Yang Mei-zh
Abstract
The basic content of the change of social system in China is the transition from planned economy to market economy.Planned economy is,in fact,a kind of economy monopolized and controlled by government.The transition from planned economy to market economy means the government's monopoly and control over economy must be removed.To a certain degree,it is a kind of self-revolution of government,among which,the adjustment of government policies,the transition of government's functions and behaviors are key to the development of market economy.So deepening economic reform needs institutional innovation of government.
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The basic content of the change of social system in China is the transition from planned economy to market economy.Planned economy is,in fact,a kind of economy monopolized and controlled by government.The transition from planned economy to market economy means the government's monopoly and control over economy must be removed.To a certain degree,it is a kind of self-revolution of government,among which,the adjustment of government policies,the transition of government's functions and behaviors are key to the development of market economy.So deepening economic reform needs institutional innovation of government.
Key concepts: Planned economy, Government (linguistics), Information economy, China, Post-industrial economy, Monopoly, Economic system, Service economy