Titlebook: Economic Lessons from China’s Forty Years of Reform and Opening-up; David Daokui Li Book 2021 Tsinghua University Press 2021 Government an

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https://doi.org/10.1007/978-3-663-02957-1ly. China’s experiences indicate that government can play an active role in the conversion of land usage, by helping reduce the transaction costs of land conversion. In addition, there needs to be top-down overall planning of land usage, including urban planning.

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,Erratum to: Sicherheit der Geb?ude,steady progress of local-currency-based financial deepening is essential for fast investment in the real economy and channeling savings into investment. However, financial deepening is based on financial stability, which requires the government to proactively monitor and mitigate financial risk.

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e fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rat978-981-33-4522-5978-981-33-4520-1

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Book 2021cial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rat

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Rapid Entry and Development of Enterprises,t of blindness and limitation, they occasionally made some irrational decisions in the process of assisting enterprises with their entry and development. A corresponding restrictive system should be put in place to regulate local governments’ behavior as they help with enterprise entry and developme

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