A Comparative Analysis Of Economic Development Model Between China And Russia In Post-financial Crisis Era

How will the change of the economic structure of the world lead by the financial crisis influence China and Russia which are both in dramatic transforming?What cause the financial crisis in the transforming economy and what are the transmission system and the influence in the reality?How will the financial crisis beat the established route of the transformation in China and Russia?What is the inner reason of the institution?How will the Chinese and Russian modes develop in the future?This paper researches on the transformation of Chinese and Russian economic modes.It uses the model structured mathematical model and Comparative Institutional Analysis together as its research methods.The paper deeply analyzes and compares the transmission system,performance and influence of China and Russia under the financial crisis lead by American Sub prime Crisis in 2008.The paper also provides a brand new explanation for their distinct modes of transformation route,the characteristics of institution and performance.Besides,the paper systematically researches the trend of the economic transformation mode of the two countries after crisis in the future.Strength of character is tested in a crisis.After the creative destruction of the financial crisis,the impetuous of the country was removed.The people in the whole world can see the reality and disease of the economy in the two countries.There are important meanings both in theoretical and practical for the Comparing Research of Economic Development Modes of China and Russia in the Post-financial crisis era.As for theoretical meaning,the financial crisis provides a kind of brand new version for people to compare and research the Chinese and Russian economic mode so that we can give a brand new explanation and judgment for their different characteristics and performance in the past 30 years.As for practical meaning,in the Post-financial crisis era when opportunity and challenge both exist and in front of the complex international economic situation,researching and dealing with the crisis have become the first topic in the economic academic area in the entire world.While based on the transformation characteristic,it is of importance to trace and analyze the mechanism and influence of the financial crisis transmission and to assess the current effect of the anti-crisis policy.It is also no doubt important to catch the good opportunity in the Post-financial crisis era when the economic structure of the world is in adjustment so that China can overtake developed countries and really get rose.Generally speaking,the global financial crisis has brought great influence on the economy of the two countries.Beaten by the global financial crisis,Russian economy has suffered great destruction that the economy has declined widely.But the macro-economy of Russia is still under control.Meanwhile,Chinese economy increases continuously which is unique in the 'BRICS'and China has fast grown as the second powerful country in terms of the economic aggregate.However,the long-term effects of the financial crisis have emerged so that it is reluctant to think optimistically of the Chinese economy under crisis in the future.Concretely speaking,there are delicate and large differences in the performance of financial market,macro-economy,and the social thought and ideology areas between the economies of the two countries,which are the essential points to understand the economic modes of the two countries.The reflects the common point of the economy of the two countries,that is,trade is the main channel for the global financial crisis spreading to the substantial economy of the two countries.This phenomenon is highly correlated to the export-oriented strategic of the two countries.Because Russia has persisted its strategic of resource-based economy development mode for a long time,the wave of international price for those materials such as oil and resource is the key point of the global financial crisis's influence on the substantial economy of Russia.Meanwhile,China has persisted its strategic of investment-driven economy development mode.When the consumption ability of European dropped,Chinese export order widely reduced,which will worse the increasing expectation in the long run.Meanwhile,the old route has been abolished but the new route has not been established.Companied with contradiction and conflict caused by institutional transformation in economy and society,there hides huge endogenous crisis factors in the entire process of transformation in the two countries.Once these factors are combined with transmitted financial crisis,they will bring huge destruction to the economy of the two countries.From the structured model,we can conclude the follows.In the after-crisis time,Russian mode of 'controlled democracy adds resource-based economy' has been changing delicately and heavily.It is certain for Russia to change its economy from resource-based to innovation-based and its mode from controlled democracy to new moderation of erasing of Stalin Mode.As for China,it is important to transform the market and increasing style in the future.Only transforming from the investment-driven economy of 'high investment,high export,low consumption' to domestic demand-driven economy,together with political reform which is centered in the rule of law can China have sustainable,fast and healthy development.Compared with relative research in domestic and abroad,the Comparing Research of Economic Development Modes of China and Russia in the Post-financial crisis era has breakthrough and innovation as follows.Innovative research versionThe research on transformation and crisis is not a new area.However,compared with the subject 'the influence of financial crisis on the transforming economy'chosen by the domestic researchers,I develop a new method and research the transformation in the view of crisis.The paper deeply analyzes and compares the transmission mechanisms,performance and influence of China and Russia under the financial crisis lead by American Supreme Crisis in 2008.The paper also provides a brand new explanation for their distinct modes of transformation route,characteristic of institution and performance.Besides,the paper systematically researches the trend and effects of the economic transformation mode of the two countries in the Post-financial crisis era Researchers have achieved a series of results about transformation in different views and layers,while it is practically a blank area on researching and comparing the transformation modes through financial crisis.Innovative research methodI use structured mathematical model and Comparative Institutional Analysis together as my research method.What's more,I research the problem in the way of case-analysis and multi-subject combination.These methods match with the requirement of comparison research and make the discussing and solving of problem more directed.Meaningful and operative research conclusionIn the view of strong reality and in front the complex situation after crisis,based on the transformation characteristic,it is of importance to trace and analyze the mechanisms and influence of the financial crisis transmission and to assess the current effects of the anti-crisis policy.It is also no doubt important to catch the good opportunity in the Post-financial crisis era when the economic structure of the world is in adjustment so that China can overtake developed countries and really get rose.My research has profound meanings in reality and political innovation.At the same time,I am lack of skills and experiences about CIA and structured mathematical model,especially I can't get access to the raw source about Russian history and current situation,which are the challenges to carry forward my research.I wish to make more progress in the future research.