China's innovative open economy system

Author: Wang Shaoxi, Zhang Hanlin, et al.
Publisher:
Publish Date: 2005-03-01
Features: This book focuses on the improvement and innovation of China's open economy policies and legal system. After China's entry into the WTO, it entered a new era of opening up, which we term the period of open economic development. Compared to market economies in other countries that are already relatively mature, China's market economy has a short development history. Under these circumstances, developing an open economy requires us to make substantial adjustments to the domestic legal and policy system based on international rules. The book is divided into four parts: the overall framework of open economy policies and legal systems, case studies of major countries' trade and economic policies and legal adjustments, the establishment and improvement of the legal environment for the domestic unified market, and the basic framework of trade and economic policies and legal systems under China's open economy. The book takes a broad perspective from a global standpoint to study the general characteristics of open economies, rather than limiting itself to the situation of a single country. In terms of research methods, it fully reflects the open nature of the study. Building on the trade policy review mechanism of the WTO, the book applies the economic cost-benefit comparison theory to evaluate the implementation effects of policies and laws. It analyzes the costs of formulating policies and laws and proposes several indicators to measure their benefits. Based on this, it offers suggestions for establishing and improving China's performance evaluation system for policies and laws. The book provides an in-depth analysis of the current state of China's market mechanisms and the gap with open economies, exploring the underlying reasons for market segmentation. It points out that developing an open economy must first establish and improve a national unified market system to achieve the unified implementation of policies and laws nationwide.