Research on the Policies and Means Changes of Macro Regulation and Control of Chinese and Foreign Governments

Cai Chengrong(Tianjin Administration Institute)

Abstract

In the process of economic development, government uses the "visible hand" to achieve macroeconomic regulation and control for "market failure", which has been common knowledge among people after World War II. Comparing policy and means adopted by Chinese and foreign governments in macro regulation and control, we can see that the choice is different in different historical periods and the change of emphasis in macro regulation and control policy and means has the convergence tendency. We can make the following conclusion from research of the change rules of macro regulation and control means in the market economic condition of Chinese and foreign governments: supply-side structural reform in China complies with the basic rules of development of market economy.

Keywords

Macroeconomic regulation and control; Policy means; Laws of economics

References

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Jinping Xi. Speech on the 38th collective learning of the political bureau of the central committee on January 22, 2017[R]. Beijing, January 22, 2017. (in Chinese)

Keqiang Li. Government work report in 2017[R]. Beijing, March 5, 2017. (in Chinese)

DOI: http://dx.doi.org/10.26549/jfr.v1i1.379