Welcome to visit ACADEMIC MONTHLY,Today is

Volume 54 Issue 1
April 2022
Article Contents

Citation: Daogeng ZHANG. Logic of Economic Institutional Change and Reform of China’s Economic System[J]. Academic Monthly, 2022, 54(1): 58-67. shu

Logic of Economic Institutional Change and Reform of China’s Economic System

  • Political economy is a theory that studies the formation, development, and transformation of economic system. Institutional innovation is regarded as one of the greatest innovations of all times. The evolution of economic system follows its own internal logics and basic rules, which are mainly reflected in the following six characteristics: Institutional evolution moves forward with incremental accumulation and marginal innovation; Institutional changes are usually driven by internal crises and external shocks; Institution displays a strong endogenous characteristics; Institutional innovation often relies on building social trust relationships; The benefits of institutional innovation should outweigh its cost; The economic system evolutions principally follow the same trend. The reform of China’s economic system is a modern economic innovation, which is grown from China’s actual national conditions and in line with the trend of world development. Also, it is a self-revolution of the socialist economic system and has greatly contributed to the miracle of China’s 40 years of high economic growth.
  • 加载中

Article Metrics

Article views: 1717 Times PDF downloads: 28 Times Cited by: 0 Times

Metrics
  • PDF Downloads(28)
  • Abstract views(1717)
  • HTML views(297)
  • Latest
  • Most Read
  • Most Cited
        通讯作者: 陈斌, bchen63@163.com
        • 1. 

          沈阳化工大学材料科学与工程学院 沈阳 110142

        1. 本站搜索
        2. 百度学术搜索
        3. 万方数据库搜索
        4. CNKI搜索

        Logic of Economic Institutional Change and Reform of China’s Economic System

        Abstract: Political economy is a theory that studies the formation, development, and transformation of economic system. Institutional innovation is regarded as one of the greatest innovations of all times. The evolution of economic system follows its own internal logics and basic rules, which are mainly reflected in the following six characteristics: Institutional evolution moves forward with incremental accumulation and marginal innovation; Institutional changes are usually driven by internal crises and external shocks; Institution displays a strong endogenous characteristics; Institutional innovation often relies on building social trust relationships; The benefits of institutional innovation should outweigh its cost; The economic system evolutions principally follow the same trend. The reform of China’s economic system is a modern economic innovation, which is grown from China’s actual national conditions and in line with the trend of world development. Also, it is a self-revolution of the socialist economic system and has greatly contributed to the miracle of China’s 40 years of high economic growth.

          HTML

        目录

        /

        DownLoad:  Full-Size Img  PowerPoint
        Return