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This book presents an innovative economic theory that successfully integrates the "effective market" and the "capable government" into a unified model. Moving beyond the traditional view of market versus state, it demonstrates how these forces can work together organically, drawing key insights from China's economic development story. The work constructs a comprehensive rational synthesis model, assigning balanced weight to both market mechanisms and government action. It establishes corresponding macroeconomic goals and policy frameworks. Building on this foundation, the book offers a unified analysis of economic growth theory and identifies the optimal balance point between government intervention and market freedom. Ultimately, this groundbreaking contribution, rooted in China's successful practice, offers a vital new perspective for understanding modern economies. It positions China's economic model and theory for greater global influence, contributing fresh pathways for development within today's rapidly changing world and the pursuit of a shared future for mankind.
List of contents
Chapter 1: Macroeconomic Theory: History and Outlook.- Chapter 2: Contemporary Economics and Rational Synthesis.- Chapter 3: China s Stories and Innovation in Economic Theory.- Chapter 4: Rational Synthesis Economic Model and Policy Framework.- Chapter 5: Economic Growth Theory: Evolution, Change, and New Perspective.- Chapter 6: Economic Cycle Theory, Economic Crisis, and Golden Period of Development.- Chapter 7: Theoretical Modeling and Empirical Analysis of the Middle-Income Trap.- Chapter 8: Theoretical Model of China s Reform: Model Construction, Interpretation, and China s Practices.- Chapter 9: Innovation in Globalization Theory and Reconstruction of International Trade Rules.- Chapter 10: China s Market Economy Theory: Evolution and Theoretical Modeling.- Chapter 11: Theoretical Model and Deductive Logic Analysis of the Integration of Market and Government.
About the author
Dr. Liang Zong is Chief Researcher at Bank of China and a Senior Fellow at the World Financial Forum. He serves on China's National Manufacturing Strategy Advisory Committee. A prolific author on global finance and the Chinese economy, his published works include The End of Globalization? and RMB Internationalization: Theory and Prospects. He holds degrees from China's leading universities.
Summary
This book presents an innovative economic theory that successfully integrates the "effective market" and the "capable government" into a unified model. Moving beyond the traditional view of market versus state, it demonstrates how these forces can work together organically, drawing key insights from China's economic development story. The work constructs a comprehensive rational synthesis model, assigning balanced weight to both market mechanisms and government action. It establishes corresponding macroeconomic goals and policy frameworks. Building on this foundation, the book offers a unified analysis of economic growth theory and identifies the optimal balance point between government intervention and market freedom. Ultimately, this groundbreaking contribution, rooted in China's successful practice, offers a vital new perspective for understanding modern economies. It positions China's economic model and theory for greater global influence, contributing fresh pathways for development within today's rapidly changing world and the pursuit of a shared future for mankind.
