Compare·12

Author: Wu Jinglian
Publisher:
Publish Date: 2004-05-01
Features: The Comparison provides an academic platform for comparative institutional analysis for readers. Standing at the forefront of theory, it selectively introduces the experiences and lessons of other countries, the theories and practices of transition economies, and the development of comparative studies leadership. It also targets specific introductions of the design of economic reform plans, policy suggestions, and comments from academic circles in China and abroad regarding China's economic reform. This issue of The Comparison covers many topics such as economic theoretical research, government governance, law and economics, media industry, and banking reform. Particularly worth reading is a set of articles on media. These primarily involve the supervisory role of media over the government, society, and economy, emphasizing the importance of media in information transparency and public right to know: The Role of Media in Corporate Governance by Deek and Zingales, and Media Capture and Government Accountability by Besley and Prat; the relationship between media property rights and political economy, the content of government regulation of media, and the problems arising from media industries being captured: The Social of Media Rent-Seeking by Hossop, and Who Owns the Media by Janek and Schleifer. This issue also includes many excellent articles. In The Goal of Scientific Research: Market Competition or Understanding the World, Xu Chenggang repeatedly argues why idealism must take root among some young people, encouraging and nurturing their curiosity, interest in exploration, critical spirit, and establishing a value system of "understanding the world rather than market value." This issue's "Reform Forum" features International Experiences and Implications of Government Participation/Control in Commercial Bank Governance by Hu Zilu, who points out that "China's fragile banking system is the biggest hidden worry for China's macroeconomic and financial stability." The "Frontier" section presents a new work by Nobel laureate in Economics Robert Lucas, The Primary Problem of Macroeconomics.