The Investigation and Correction of the Mainstream Macroeconomics Theory in China’s Economic Practice

Thinking Based on “China Miracle”

DOI

10.2991/aebmr.k.210803.039How to use a DOI?

Keywords

China, Economic growth miracle, Mainstream macroeconomics, Investigation and correction

Abstract

Revealing the causes and mechanism of economic growth has always been a hot and core issue concerned and studied by economists and governments all over the world. To analyze the causes of “miracle of economic growth” in China’s 40 years of reform and opening up has gone beyond the scope of the determinism of production factors of economic growth in mainstream macroeconomics. Based on the analysis of the representative views on “China’s economic miracle”, this paper studies the influencing factors of economic growth from multi-level, multi perspective and multi dimension. It holds that in mainstream economics, capital, labor, natural resources and technology are only the direct causes of a country’ economic growth. However, the system and its changes, culture and national characteristics, government and its intentionality, which have been ignored by mainstream economics, are the internal reasons or basic support that determines the sustained economic growth and social prosperity of a country.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jing Cang
AU  - Fang Liu
PY  - 2021
DA  - 2021/08/04
TI  - The Investigation and Correction of the Mainstream Macroeconomics Theory in China’s Economic Practice
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 290
EP  - 296
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.039
DO  - 10.2991/aebmr.k.210803.039
ID  - Cang2021
ER  -