Political Economy Analysis of China's Transforming Economy

Author: Wang Zhenzhong
Publisher:
Publish Date: 2002-11-01
Features: The author proposes that, at the theoretical level, it is essential to fully understand the thoughts of classical economists, particularly without distorting Ricardo's theory of comparative advantage or narrowly interpreting Smith's theory of government functions. At the conceptual level, it is necessary to establish an effective competitive conceptual foundation in various fields such as commodity competition, environmental competition, and spiritual competition. At the practical level, it is important to implement an effective protection policy framework. Among these, there are three key points: First, it is crucial to correctly understand the applicable principles of "national treatment"; second, it is necessary to properly implement the main provisions of "market access" restrictions; third, it is essential to thoroughly study the severe challenges faced by China's agriculture. In conclusion, the author believes that the purpose of open policies in countries is to promote their own economic development, not the opposite.