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Analysis of Relationship between Effi cient Market and Promising Government based on the Theory of Middle-income Trap
Author(s): 
Pages: 36-41
Year: Issue:  1
Journal: The Beijing Federation of Trade Unions College Journal

Keyword:  Third Plenary Session of the 18th CCPeffi cient marketpromising governmentmiddle income trap;
Abstract: Third Plenary Session of the 18th CCP mentioned, economic reform is fully focused on deepening the reform, the core issue is to deal with the relationship between government and the market, and the market plays a decisive role in the allocation of resources. This fully embodies the spirit of emancipating the mind, seeking truth from facts. In order to cope with the problem of the middle-income trap of the developing country, it is of great significance to carefully analyze the relationship between effi cient market and promising government based on the theory of middle-income trap. And it is necessary for the market to give full play the decisive role in the allocation of resources. And government should protect property rights, maintain macroeconomic stability and overcome market failures.
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