The Pathway Selection of the Economic Reform of China during the Institutional Change

• Main Authors: Chung Yi Wang, 王忠義
• Other Authors: Cheng Ping Shih
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/47484367609951063814

碩士 === 國立臺灣師範大學 === 政治學研究所 === 95 === National Taiwan Normal University Graduate Institute of Political Science Title of Thesis ：The Pathway Selection of the Economic Reform of China during the Institutional Change Student: Chung Yi Wang Advisor: Cheng Ping Shih Ph.D. Abstract The main purpose of this study is to elaborate the relationship between institutional change and economic achievement in China by discussing the integrated relationship of regional economy through the viewpoints of the new institutional economic school. To drive organizational reengineering by establishing the institution and organization increases the competitiveness by utilizing the opportunities created by institution. Organization reduces the transactional cost and gain the profit via institutional change and the formation of new organization to further affect the institutional transition. Since China embarked on reform and opening-up in 1970, it is capable for China to quickly merge the international economic system and accelerate the connection with globalization along with the transition of institutional and economic structures. After the reform and opening-up, China had fully utilized its international strength includes the large-scaled market, the low-priced labors, and the vast territory. In 2006, the foreign exchange reserves of China had already exceeded more than one thousand billion dollars. China is in high-speed economic development and facing the tough challenges of being globalization in 21 century, it has to quickly adjust when facing the internal regional integration to solve the severe problem of regional development inconsistency. This problem concerns the key issue that the future of China is capable of maintaining the steady growth or not. Because of the vigorous economic development, China has more predominance to negotiate with other countries. After joining WTO in 2001, Mainland China began to take the exterior expanding strategy and also actively to participate the economical organization of international regional-integration such as formally signing the comprehensive economic-cooperation agreement with ASEAN. This act not only symbolizes that China has full influence power in East Asia, but significantly means that China desires to substitute Japan for taking the leading position of East-Asia economy. Looking into the future, China will face the more uncertain circumstances and challenges after merging the global trade market. In the China’s 11th five-year plan, China intends to transfer to the strategy of expanding domestic-demand market from the strategy of adjusting export-oriented economy, and balancing regional difference and reducing the surplus of foreign exchange and trade conflict via executing this plan. However, the deficiency of China’s domestic-market is the most serious variable in the China’s 11th five-year plan. If China government fails to properly solve the deflation and unemployment problems, China’s economy will be inflicted heavy losses because of the revaluation of Renminbi. The contradiction of three stages (the differences between city and town, the differences between industry and agriculture, and the regional differences) aggravates the uncertainty of China society, and also possible to impact the economic and political stability in Asia Pacific Zone and the international power equilibrium.