Study On The Institutional Innovation During The Course Of China's Countryside Marketalization

The economic system reform directed toward marketalization in China started from the countryside. The countryside marketalization is an important part of China's economic marketalization. It's an urgent demand and an important act to improve the socialist market economy system, to build new socialist countryside and to build moderately prosperous society in all respects. At present, the marketalization level of the countryside is obviously lower than that of the whole economy in China, so the countryside marketalization should be promoted forcefully. This paper centers on how to boost the countryside marketalization progress by institutional innovation with the help of theories from Market Economics and New Institutional Economics.First, the paper introduces the relevant theories and the general progress about the countryside marketalization reform. It mainly outlines theories on marketalization and countryside marketalization, institutional and its evolution that are relevant with the study. It analyzes the relationship between marketalization and institutional innovation and indicates that the nature of marketalization is institutional innovation. It reveals the general history of the countryside marketalization reform in recent 30 years and deduces that the institutional innovation has run through the whole course of the countryside marketalization reform and been the important condition and motive force for the countryside marketalization reform to be boosted, that the institutional innovation should be well valued to further the reform.Then, the paper analyzes the current situation of the countryside marketalization at the institutional level. It assesses the present marketalization level of the countryside in overall and concludes that the countryside marketalization level is noticeably lower than that of the whole economy. It demonstrates main problems met with the countryside marketalization at present and derives that the root cause lies in the institutional bottleneck of the countryside marketalization, including the two-element organization institutions between the cities and countryside, the countryside land property institutions, the peasant organization institutions, the countryside financial institutions, the administering institutions, the informal institutions and so on.