Relationship Between Government and Market in China(1978-2015)
Yang Guang-fe
Abstract
Yang Guang-fe
Abstract
Since 1978, China has experienced great changes in social economic development. Under leadership of government, the as an important resource allocation has embedded into China's economic and social fields. This is a gradual development different from many western countries. Here comes question:how does government interact with market or vice versa? Based on key policy documents since opening up and reform, we review relationship between government and market, finding that relationship between two has shifted from pattern of government, weak to government, strong market. In context of deepening reform, China needs to further define boundary between government and market, optimize double strongpattern, and promote coordinated social economic development.
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Since 1978, China has experienced great changes in social economic development. Under leadership of government, the as an important resource allocation has embedded into China's economic and social fields. This is a gradual development different from many western countries. Here comes question:how does government interact with market or vice versa? Based on key policy documents since opening up and reform, we review relationship between government and market, finding that relationship between two has shifted from pattern of government, weak to government, strong market. In context of deepening reform, China needs to further define boundary between government and market, optimize double strongpattern, and promote coordinated social economic development.
Key concepts: China, Government (linguistics), Context (archaeology), Government failure, Economic system, Resource (disambiguation), Market economy, Economics