Globalization and China's "Three Rural Issues"

Author: Center for Sustainable Development Strategy Research, China 21st Century Agenda
Publisher:
Publish Date: 2005-09-01
Features: Based on the premise that "finance and economic growth are positively correlated," this book comprehensively presents the trajectory and context of the development of China's financial institutional thought under the transformation of the economic system, and conducts institutional analysis on this basis. In the process of tracing the evolution of thought, it not only reveals the dynamic process of China's financial system transitioning from inefficient equilibrium to efficient equilibrium, but also integrates institutional evolutionary and historical institutional analysis methods comprehensively. Equilibrium and empirical analysis are also organically integrated into the research. This study, which treats the micro-founded financial regulation mechanism as an essential component of the financial system, not only provides a new perspective for research on the inefficiency of the financial system during China's transition process but also holds strong practical significance for improving macroeconomic performance.