Since the 1990s, Western companies have invested a fortune in the Chinese economy, and tens of thousands of Chinese students have studied in US and European universities or worked in Western companies. None of this made China more democratic, and now it is heading toward an economic showdown with the US.
argue that the strategy of economic engagement has failed to mitigate the Chinese regime’s behavior.
While Chicago School orthodoxy says that humans can’t beat markets, behavioral economists insist that it’s humans who make markets, which means that humans can strive to improve their functioning. Which claim you believe has important implications for both economic theory and financial regulation.
uses Nobel laureate Robert J. Shiller’s work to buttress the case for a behavioral approach to economics.
莫斯科——德米特里·梅德韦杰夫当选俄国新总统几乎已成定局。但他五月继任后能否改善俄国的经济状况却远没有那样确定。
有一点可以肯定,弗拉基米尔·普京政府似乎留给了俄国经济一片光明的未来。经济增长在1999到2008年平均达到了7.2%。外汇储备一直保持在国内生产总值的30%,从绝对数量看居于世界第三位。股票市场已经上涨了20倍之多。中产阶级正在购买外国轿车,出国渡假和去寿司店用餐,而民意调查则显示生活满意度已经普遍有所提高。
俄国的经济成功应该部分归功于高企的石油和商品价格。但石油也并非俄国经济的全部。2001年的税制改革刺激了民众的工作积极性,通过实行13%的固定所得税率有效地降低了逃税行为——13%的税率是全世界最低的所得税率之一。其他措施还包括放开企业注册和申领执照的手续,限制审查,改善小企业和企业主的生存环境。保守的宏观经济政策和金融行业改革降低了利率,推动了投资和消费的繁荣景象。民众的实际收入达到原来的三倍,而贫穷和失业现象则降低了一半。
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in