Research on the Government Failure

Market adjusting and government intervention are organically mingled together under market economy conditions.It has been tested by practice that market′s function is not universal.Market failure also exists.Identically,the government′s function is also not universal.The failure of government intervention exists too.The reasons of government failure are various and China′s government failure in the process of economic development has its own specialties.The fundamental reason of government failure must be found and effective scientific system must be established to prevent and cure government failure.