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The Policy Change And Innovation Of China's Economic Growth

Posted on:2002-12-31Degree:MasterType:Thesis
Country:ChinaCandidate:Z X HuangFull Text:PDF
GTID:2206360032954827Subject:Political economy
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If we make a comprehensive survey of the whole course of the economic development of China, it is not difficult for us to notice that there have existed the following problems with the Chinese economy: one is that fluctuation of economic growth was too frequent, industrial pattern was out of balance and quality of growth was low during the whole period of centrally planned economy; another is that regional gap of the economy has been wider and wider and unbalanced economic growth between the eastern and western regions of the country has been worsening. Where have the above problems come? The government's economic policy, to say a fact, should take the major responsibility. This article will focus its attention on the relationship between economic growth and government's economic policies and give a trial analysis of results and effects of making changes of policies and bringing new ideas to the economic policies on the country's economic growth on the basis of a theoretical framework. Ⅰ One needs a theoretical guidance while conducting a systematic study of issues of economic growth. The first chapter of this article studies the relative theories about relationship between economic growth and economic policies. Firstly, I define economic growth as "growth of an economy can be defined as long-term growth of the capability to provide the people of own country with more and more varied economic goods." The concept of " economic goods" here includes not only material products but also the invisible products of services. In terms of its more extensive implication, economic growth is a long-term dynamic course and growth of modern economy is by nature a matter of economic structure. Secondly, through discussion and analysis of the various theories of economic growth in the course of evolution and transformation of western theories on economic growth, I try to show the cognitions of sources of economic growth of the various economists so far and analyze the different roles in economic growth played by the production factors such as capital, labor and technology in the various historical stages, then I show the significant influence of a country's system on economic growth. On the other hand, an economic policy made and implemented by the state or the government as a formal norm of social action is by nature an established system and has the functions of encouragement, allocation, insurance and restriction. An economic policy has not only the active role of promoting economic growth but the negative role of stopping an economy from healthy growth. An economic policy will play such active roles as direction of investment, regulation of economic interests, promotion of healthy and orderly development of the economy, etc. At the same time, it may also play a negative role when wrong policy is made, an economic policy ceases to be effective, making and implementation of an economic policy is delayed and an economic policy goes against other policies. Besides, nature, characteristics, factors, and policy system of economic policies are discussed in this chapter.ⅡThis article approaches the issue of policy changes for economic growth under the system of centralized planned economy in the second chapter after a brief discussion of the theories in relation to the relationship between economic growth and economic policies in the previous chapter. The content of chapter Ⅱ is consisting of three parts. The first part has a descriptive discussion of the general situation of the economic growth in the period of centralized planned economy in terms of economic growth rate, fluctuation of economic growth, industrialization and industrial pattern, rate of urbanization, and income and consumption of urban and rural citizens in order to foreshadow the analysis of policy changes in the following part. The second part discusses the presumed grown and realistic background for economic policy making, trying to examine the historical social and ideological background against which an economic policy is worked...
Keywords/Search Tags:Chinese economic growth, policy changes, bringing new ideas to policies
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