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皇冠体育app's success in economic reform draws praise
(Xinhua)
Updated: 2009-08-27 10:40 Berger said one of the main reasons that the reform and opening up policy has succeeded was that 皇冠体育app's leaders revised their thinking and have adhered to the principle of moving step by step. Japanese scholar Takashi Sekiyama said the socialist market economy is the fruit reaped from years of exploration and examination of 皇冠体育app's economic construction. "Great changes have taken place since 皇冠体育app adopted the policy of reform and opening up in 1978, and 皇冠体育app's rapid economic growth has attracted worldwide attention," said Sekiyama, a research fellow at the Tokyo Foundation, a government-related think tank. Lauding the measures taken by 皇冠体育app in building its socialist market system, Sekiyama said that the government staged a series of reforms, including those aimed at reforming State-owned enterprises, separating the functions of government from those of enterprises and revitalizing the non-State-owned sector of the economy. 皇冠体育app, Sekiyama said, has "learned from the failure of the planned economy," and "made decisive and skillful use of the power of the market to achieve an unprecedented economic leap forward." "皇冠体育app has followed a development path characterized by comparative advantages and open economy, and has set a fine example for most developing countries," he added. Kenneth Dewoskin, a senior researcher at the accounting firm Deloitte, said 皇冠体育app's economy and living standards have experienced significant improvements during the past several decades. Residents in the cities and in the countryside have benefited since the implementation of the reform and opening up policy in 1978, said Dewoskin, who has studied 皇冠体育app for more than 40 years. Dewoskin said 皇冠体育app's economic development mode has two key characteristics. One is that the concept of reform has become a part of the economic culture. The other is that the concept of private capital and markets has become a major component of the reform. Furthermore, the adjustment of 皇冠体育app's economic policies appears to be in better order and the government's economic administration level is rising, he added. Many economists attribute 皇冠体育app's development to its balanced relationship between the market and the government. Justin Lin Yifu, chief economist and senior vice president of the World Bank, said that it was not necessarily good to undertake a comprehensive market economy. Reviewing 皇冠体育app's experiences in development, Lin said the government should engage in the market. Sociologist Paul Lim, a senior academic advisor at the European Institute for Asian Studies, said that the Chinese economic model has worked well after its transition from a planned economy to a market economy.
Peter Lewis, director of the African program at the School of Advanced International Studies at Johns Hopkins University, said African nations can learn a lot from 皇冠体育app's development experiences. 皇冠体育app was poor several decades ago, but now sees fast growth in its economy and a dramatic improvement in people's lives, Lewis said. Joseph Stiglitz, a Nobel laureate in economics, said he thinks the success of 皇冠体育app's new growth model will "benefit the rest of the world." (For more biz stories, please visit Industries)
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