Theory of Market Rule Formation

Author: Zhou Jun
Publisher:
Publish Date: 2005-01-01
Features: The formation of market rules is a process of transforming behavioral rules from the traditional economy into modern market rules. In their historical development, Western developed countries have gradually established market rules, while most developing countries today have not effectively addressed the issue of market rule formation, which is one of the underlying reasons for their limited economic development achievements. This book employs an interdisciplinary research methodology to systematically examine and analyze the types, methods, pathways, obstacles, and driving forces of market rule formation in underdeveloped countries. It highlights the unique characteristics of market rule formation in developing countries compared to the historical formation of market rules in Western countries and argues that both the East Asian miracle and the East Asian financial crisis are closely related to market rule formation. The book concludes that market rule development in developing countries is an arduous and complex task, and only by establishing an integrated advancement mechanism can the process of market rule formation be effectively promoted.