2011•Journal of Taiyuan UniversityRequires access

Relationship between Government and Market in Economic Development

Rong Zhao

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Abstract

In our economic development,the relation between government and market experienced several big historical evolution and still has not found the best conjunction point.Through the analysis of the relation between government and market in the western society,and comparing it with that of China,we can find that there is some problem in our country: the resources are allocated completely by market itself and the government gives excessive intervention to the economy.What kind of relation the government and the market should keep in the economic development should depend on the specific circumstances.In a word,the relationship between government and market should be a process of interaction,mutual promotion and dynamic development.

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What this paper is about

In our economic development,the relation between government and market experienced several big historical evolution and still has not found the best conjunction point.Through the analysis of the relation between government and market in the western society,and comparing it with that of China,we can find that there is some problem in our country: the resources are allocated completely by market itself and the government gives excessive intervention to the economy.What kind of relation the government and the market should keep in the economic development should depend on the specific circumstances.In a word,the relationship between government and market should be a process of interaction,mutual promotion and dynamic development.

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Available abstract

In our economic development,the relation between government and market experienced several big historical evolution and still has not found the best conjunction point.Through the analysis of the relation between government and market in the western society,and comparing it with that of China,we can find that there is some problem in our country: the resources are allocated completely by market itself and the government gives excessive intervention to the economy.What kind of relation the government and the market should keep in the economic development should depend on the specific circumstances.In a word,the relationship between government and market should be a process of interaction,mutual promotion and dynamic development.

Key concepts: Government (linguistics), Government failure, Relation (database), Promotion (chess), Economic interventionism, China, Economics, Market failure

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