2007•Journal of Guangdong Institute of Public AdministrationRequires access
Reasonable Boundaries of Government Functions under China's Transforming System
Heng Zhang
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Abstract
This paper discusses three reasonable boundaries of government functions under China's transforming system,namely,the depth,the width and the strength.This paper proposes that government should not intervene in fields where market functions well,and central government should not intrude into fields where local governments function well.Besides,the government should comprehend the historical dynamic features of boundaries of responsibilities between the government and the market,the central government and the local government.Finally,government should not intervene in the normal operation of the market even under the condition of market failures if such losses are acceptable by the market.