Macroeconomic Asymmetries in the Eurozone Countries in the Time of Financial Crisis

This paper seeks to highlight the macroeconomic asymmetries and social impacts among eurozone countries which occurred during the time of the financial crisis,emphasising the urgent need to revise the framework of economic governance.The analysis focuses on the growing macroeconomic and social imbalances on a representative sample of selected eurozone member-states(Euro(€)North and Euro(€)South)which had posed a threat to economic sustainability and social coherence.

The Government Regulation of Economy Transformations in Terms of the Multinational Entrepreneurship Development and Technological Progress

In this paper, the mechanisms and principles of economic regulation from the classical and modem approaches standpoints were analyzed, the typical for world economic theory trends of the government＇s economic role elaboration, of the government regulatory authority, reducing in favor of market self-organization was argued. The transnationalization as a factor of government regulation mechanisms modernization was estimated and the perspectives of government and MNC interactions development in the modem world were evaluated. The recommendations for improving the government economical regulation infrastructure and mechanisms due to the conditions of economy globalizing, transnational business developing, technologies progressing were presented

The Transformation of Government Economic Functions in Public Economic Management

Public economics is a science of studying government economic behaviors, and an interdiscipline of politics and economics. As China is at the primary stage of socialism and the development of various domestic causes is still in a period of exploration, it is very important for the reform of the socialist modernization to strengthen domestic administrative management. Society is the subject of national reform and development in the long run, and thus maintaining the stability of domestic social order is not only the prerequisite for the long-term survival and development of China, but also the key requirement of ensuring people to live and work in peace and contentment. This thesis, first of all, introduces the management concept of public economy and the necessity of government＇s involvement in supervising economy. And on the basis of these, the thesis put forward the direction of transforming government economic functions and several precautions that should be noticed in government economic behaviors.

Research to Improve the Effectiveness of the Government＇s Economic Management of Performance Management

Government Performance Management is a new government management pattern. It plays an important role in the development of the local government and an important part of the government human resource management. Since China began to implement its government performance management, it has obtained some initial results. But it is still in the exploratory and improvement stage. Because a lot of problems arise in the actual operation process, so theoretical research and practice experience need to be further improved. Therefore, analyzing the local government perfornaance management problems and exploring strategies to improve the performance management are currently the objective requirements of the socialist market economy construction and governance reform in China and will have great significance.

Market-Based Solutions to Overcapacity：Principles and Measures

This paper takes stock of theoretical economic analyses of overcapacity,reveals the factors that induce actual capacity to deviate from market equilibrium, examines market-based mechanisms to resolve overcapacity, and identifies long-term mechanisms and assurances for market-based solutions to overcapacity. Given the limitations of market mechanism and the government's role, neither the market nor the government is able to resolve the problem of overcapacity on its own. In resolving overcapacity, market and the government should play their respective roles rather than replace one another. While the market is a dominant force in regulating capacity and achieving supply and demand equilibrium, the government should provide institutional assurances for effective market operation. Market-based solutions to overcapacity require the government to provide institutional assurances and create a system where market entities decide to enter and exit the market under effective restraints and incentives with a clear boundary.

Conflict： Efficient State or State Under the Rule of Law？-- The Hungarian Case of the Victory of the Efficient State over the State Under the Rule of Law

This study is seeking an answer as to whether the efficient state and the state under the rule of law are indeed irreconcilable, as well as to whether these two categories are by nature to be seen as contrary concepts. The basic issue is whether efficiency is to be handled as an ＂extralegal＂ category, or whether legal regulation, in accordance with public administration traditions in Europe, can in itself meet the requirement of efficiency. Also the study presents the formation of the issue of conflict between the effective state and the state under the rule of law in Hungary after the election held in 2010 in the practice of economic policy and legislation of the Orban government. We are trying to answer the question of the tendency of power concentration to really menace the principles of a traditionally-formed state under the rule of law, as well as whether the economic policy of the government can be implemented effectively in a strongly centralized political and state administrative system.

Political Parties' Wisdom and Strength for Global Economic Governance Keynote Speech at "The CPC in Dialogue with the World 2016"

Distinguished Guests Ladies and Gentlemen,Friends,It’s a great pleasure to meet all of you in the autumn of the beautiful city of Chongqing to open a window of dialogue and to have an exchange of ideas.First,on behalf of the Communist Party of China(CPC)and the Chinese government,I would like to extend my warm welcome to you and my congratulations on the opening of'The CPC in Dialogue with the World 2016'.Not long ago,the G20

Political Parties Have a Role to Play in Innovating upon in Global Economic Governance:Sidelights of "The CPC in Dialogue with the World 2016"

BETWEEN OCTOBER 13 AND 15,2016,hosted by the International Department,the CPC Central Committee and organized by the CPC Chongqing Municipal Committee,the CPC in Dialogue with the World 2016was held in Chongqing.Themed'Innovation in Global Economic Governance:Initiatives and Actions of Political Parties',the annual event was

G20 and Transformation of Global Economic Governance

The Group of 20(known as G20)was founded in Germany in 1999with an aim at handling international financial crisis,in particular preventing a regional crisis from spreading and becoming a bigger one.It is unfortunate that this meeting mechanism(forum)designed for tackling future impact has to play its role.The US and Europe both witnessed an unprecedented financial crisis with

Village Governance by Economic Capable Persons： A New Pattern of Rural Politics in China

Since the 1980s, a whole class of economic capable persons has emerged along with China＇s rural economic development. This class actively participates in grassroots politics and even leads local village governance, creating a unique, novel pattern of village governance in China. This pattern has far-reaching implications for the use of power in China＇s villages and for the management of grassroots communities. First, it represents democracy-based authoritarian politics （democracy-authority politics） and a transition away from traditional rural village ＂squireship＂ governance. Second, governance by economic capable persons surpasses the unitary, centralized People＇s Commune governance, replacing it with a pluralistic model that utilizes grass-roots community management. Third, the self-governing pattern that is emerging, wherein the general public participates in a government that is dominated by an economic capable persons, demonstrates a modification of ideal villager self-governance and also a pragmatic invention based on local political realities. In the long run, this new class emergence has the potential to evolve into a new type of localized politics; with further economic differentiation in rural areas, village governance will become increasingly diversified, where governing by capable persons will be just one feasible option. This pattern is already becoming common in many rural areas, especially those where the nonagricultural economy is relatively developed

The Advantage of Going For Vocational Education

With the entering of the 21st century,information technology has become the world's economic and social development trend,China is beginning to see vocational education as important to maintaining fast economic growth and social stability.Every one wants to have a lucrative career and bright future.That is the reason why most people these days take up vocational education.Vocational education is a type of educational attainment that teaches the student trade skills and aptitudes.Vocational school is a school that provides vocational education to individuals who desire to be trained in job-specific skills.

The Evaluation Model of Government Intervention (GI) and its Optimization

The paper discusses how to reach the equilibrium and optimization GI during the period of economic transformation. The market economy might not work because of its mechanism flaws, based on the assumption that the government is the supplier and the market economy is the demander Of GI, there is an equilibrium and optimization issue. The theory suggests that GI could reach equilibrium through adjusting the government revenue, thus leads to the result of functional complement between the market economy and the GI, and the optimum economic efficiency.

Economic governance and marketisation:understanding the institutional roots of China’s achievements and challenges

As an institutional infrastructure for market economy,law is crucial in underpinning market transaction enforcement.However,it is imperative to recognise the gap between legislative reform and marketisation in China.This paper attempts to explain why China has experienced astonishing marketisation without satisfactory legislative building.It is aimed to explore institutional roots of marketisation by arguing that lawlessness creates challenges to further development while it goes along with the achievement of marketisation in China.Additionally,this research focuses on promoting China’s economic governance.It argues that law is not the only governance mechanism to ensure market transaction enforcement.There are other governance mechanisms such as relational governance and private third-party governance enforcement.Relational governance plays an important role in China’s transition.However,relational governance alone is inadequate in supporting China’s long-term development.Private third-party enforcement can link relational governance with formal governance mechanism.While focusing on the development of institutional infrastructure,it is important to build a governance framework in which the governance mechanism based on formal institution,such as law and government regulations,private third-party enforcement and relational governance are coordinated and complementary.

China and the Middle East Economic Governance in New Era

The Middle East Region has been suffering serious economic difficulties and the governance deficit for a long time,which demands a global response.In this new era,China has become an important actor in the progression of the Middle East economic governance;the contents of China’s participation in the Middle East economic governance include energy,trade,investment,finance and developmental governance.Participation of China to the Middle East economic governance has improved economic climate and the terms of trade for the Middle Eastern countries,and enhanced their sustainable development ability,and also responded to the criticism from the Western countries accusing China of being a free rider with real actions.Compared to the Western countries,China’s participation to the Middle East economic governance exhibits its own characteristics in governance goals,ability,path,regime,contents and governance styles.“The Belt and Road”Initiative marks China’s participation in the Middle East economic governance enters new level.The depth and result of China’s participation in the Middle East economic governance are affected by various factors.

Governance Reforms and Growth： Some Ideas from Economic Theory

Ideas from the theory of incentives and organization are deployed to examine how some aspects of economic governance--primarily protection of property rights, enforcement of contracts, and oversight regulation--can be improved for achieving better economic growth and development. Some suggestions for reform of governance institutions in developing countries are offered.

Risk Governance,Assessment,and Economic Impacts

Due to climate change,growing urbanization,and population migration the social and economic impacts of natural hazards have been increasing worldwide.The challenge for risk science,both methodologically and conceptually,is to integrate robust multi-hazard evaluation models with

Guiding the Global Economic Governance System Reform in the Spirit of BRICS

BRICS cooperation is praised as a typical model of emerging market economies and developing countries.With the joint efforts of Member States,BRICS cooperation has successfully passed through the first decade,and has yielded fruitful results in politics,economy,humanity and many other fields.On the occasion of the start of cooperation in the second decade,the BRICS 5 members