New Thoughts on Government Controlling Economy
2004
Market malfunction is caused by the following five aspects, information problem, exterior problem, monopoly problem, short-term action problem and distribution problem,which needs government control. However, government control has some limitations . Therefore,under the condition of socialist market economy, government control should set up new ideas by deepening reform, re-molding government image, advocating study, reining market, strengthening service and forming credit government etc.
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