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Limited Government vs Capable Government?

2016-11-22

财经 2016年30期

Since the reform and opening up, a fundamental question is: What are the key determinants for allowing China to enjoy sustained and long-term economic growth; political, economic and social harmony and stability; and to be innovation driven? Is it to carry out a change in government functional duties by way of market-oriented reforms, moving from an omnipotent government to a maintenance and service oriented government, or to adopt government policies to continue to insist on a capable government?

The essential difference between a limited government and a capable government lies in whether to consider medium to long-term growth or short-term growth, to emphasize reform or not, to rely on systems or policies, and whether to be based on national governance or not.