Transition from Plan to Market – Frontier Topics in Transformational Economics

Author: Jing Weimin
Publisher:
Publish Date: 2003-08-04
Features: Combines institutional analysis with mainstream economics, deepening the explanation of many economic issues and making predictions more effective. Under open economic conditions, competition between countries and regions is increasingly institutional competition, and the advantage of a country or region is increasingly manifested as institutional advantage. This is because institutions are an important variable in determining economic performance. A cost-saving institutional system can not only attract capital, talent, and technology but also provide effective incentives for wealth accumulation, enhancing human motivation, and technological innovation. If China is to maintain sustainable economic growth, institutional development is key. In other words, only