2000•Journal of Shijiazhuang of University of EconomicsRequires access
The Relation between Market Mechanism and Government Role under the Condition of Socialist Market Economic System of China
Chen An-guo
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Abstract
In the process of construction of socialist market economic system of China, to adjust properly the relation between market mechanism and government role is vitally important The market mechanism should be placed in a fundamental position in the resource allocation of market economy Because of the imperfect competition, economic externalities, market failure could occur Government should create a fair, just and open environment for the market competition Government should take dynamic measures to adjust income distribution, to safeguard the social equity, to maintain the economic stability and eliminate the unemployment and realize the equilibrium, steady growth of economy through the microeconomic policy such as fiscal policy and monetary policy