金融危 机与中国的应对方法.pptVIP

China Innovations in Development Strategy New government role local/central governments have more resource choice than private sector in unequal competition in the global market, especially compete with multi-national companies Mixed economies have better stability and lower cost in providing social insurance in learning uncertainty Market instruments (price, interest rates, exchange rates, rent) can be guided by development strategy in catch-up competition New check balance created by competition by deeds between central local governments, regional partnership, and official rotation China’s Growth Potential 8% in the next decade Economic scale: Catch Japan in 2010 Catch US in 2030? Still a developing country with moderate per capita GDP new development mode? Changing World after the Crisis Decline of American power dollar status Increase of European voice Rise of Asian economy Western value based on freedom, democracy, rule of law how to break monopoly capture by interest group? Alternative approach based on innovation, coordination, rule by experiment how to transfer leadership wisdom into social institution? References downloadable at / Ping Chen, “From an Efficient to a Viable International Financial Market,” in R. Garnaut, L. Song and W.T.Woo eds. China’s New Place in a World in Crisis: Economic, Geopolitical and the Environmental Dimensions, Australian National University E-Press and The Brookings Institution Press, Canberra (2009) Ping Chen, “Equilibrium Illusion, Economic Complexity, and Evolutionary Foundation of Economic Analysis,” Evolutionary and Institutional Economics Review, 5(1), 81-127 (2008). Ping Chen, “Complexity of Transaction Costs and Evolution of Corporate Governance,” Kyoto Economic Review, 76(2), 139－153 (2007). Ping Chen, “Evolutionary Economic Dynamics: Persistent Business Cycles, Disruptive Technology, and the Trade-Off between Stability and Complexity,” in Kurt Dopfer ed., Evolutionary Foundations of Economics, Chapter