Institutional Change In China's Economic Growth Since The Reform And Opening Up Research

The Chinese reform and opening up is just the process of system innovation, which push Chinese economic growth in growing sustained and fast. It is the most fundamentally basic experience during more than the past 20 years. Nowadays, it is more necessary to study the relationship between economic growth and system innovation because China is now in the process of economic transition and system reform. As the foundation of human beings society's survival and development, economic growth is one of the most important fields of study on economy for long. But as an external variable long before, institution has always been a fixed hypothesis. Now, School justifies the hypothesis. They explore and trace the source of economic growth from the aspect of institutions, which make a wide and tangible background for economy growth. From 1960's to 1990's, Prof North issued a range of papers and books, which formed the institutional change theory, including property right, state and ideology. He pointed out that efficient economic organizations are the key to the economic growth; institutional change is the dominant power for economic growth and depress. The paper, according to the thought of Marxism, point out that state institution plays a decisive role for Chinese economic growth on the basis of Prof North's theory outlines. The paper is composed of four parts. The first chapter mainly discusses the general law of the evolution of the institutional change theory. Based on the Chinese reform and opening up, with Chinese present economic construction, the second chapter analyses the institution in the course of Chinese economic growth, and their contribution to Chinese economic performance. In the third chapter, through the analysis of Chinese economic growth, I reveal the defects of institution in China's economic development. In the last chapter, I bring forward the strategies for institution innovation, which can rectify these drawbacks and ensure Chinese economy's developing continually, steadily, rapidly and healthily. There're 2 new amendments of the paper. Firstly, it studies Chinese reform and opening up systematically by using innovative institutional theory. Secondly, it points out the relation of Marxism and the West Economics Theory.