The Comparative Study On Government Administration Of Global Financial Crisis And Its Enlightenment

The latter half of the year 2007 saw the occurrence of sub-prime crisis in the United States which soon spread over other countries and turned into the most severe global financial crisis since the great depression. In view of the strong influence in width and depth of this financial crisis, the governments of the main countries such as the US state, the EU and China have taken various measures to bail out the market, which include those conventional ones like economic, legislative and administrative measures and those unconventional ones to react the crisis actively. And so far, those measures has alleviated the impact to certain degree and revitalized the economy of every countries involved. Consequently, it is very important and urgent to analyze the bailout measures adopted by each government and to reflect on the relationship between the government and the market in the process of carrying out those measures.In the first part, we introduce the purpose of this paper which is to discuss how we can draw on the experience of each government successfully going through this financial crisis, to further analyze the problems and causes appeared in the course of our government coping with this crisis and then to formulate strategies so as to handle the financial crisis effectively and to assure a stable economic growth. Besides, the paper makes a relatively complete analysis of and simple comments on the academic researches at home and abroad on this financial crisis, hence the establishment of the research thinking. Lastly, under the guidance of the Marxism, combined with the current global economic environment and the Chinese situation, this paper uses such methods as comparison and analyses, literatures comparison, classification and induction. Then we make a brief introduction of the five parts of the paper and point out the innovative and week points.In the second part, we first analyze the content of government intervention, and then review the basic theories of government intervention economy on the basis of the method of historical analysis. The paper also analyzes the government reliving actions in the three typical financial crises in global financial history and proves the importance of government intervention in coping with the financial crisis, which lays the theoretical basis for the following study.In the third part, we look back on the measures adopted by countries like the USA and the EU in this crisis, and analyze their performances. Then we illustrate how we can learn from each main government in coping with this crisis. In the forth part, we firstly analyze the influence of this crisis on the economic and social development of China, and then look back to the measures taken by our country and make a performance analysis. At last, under the background of the external impact of financial crisis and the real demands of domestic economic growth and social transform, on the basis of a rational analysis of the experience and lessons of the major countries in dealing with the global financial crisis, we tentatively put forward the political suggestion of a harmonious development of economy and society, with the aim to answer financial crisis effectively and to achieve a good and rapid development of our economy and society.