Author(s): LIU Yun-liang
Pages: 19-24
Year: 2015 Issue:  4
Journal: Journal of Nanhua University(Social Science Edition)
Keyword:  governance capabilities; Outlines Economic Law; governance based on law; resource allocation;
Abstract: The Third Plenary Session of the 11th Central Committee of the Communist put forward a new political notion, name-ly, to modernize national governance system and capabilities. Outlines of Economic Law echo the essential needs of regulating the government''s new function of economic management, reconciling the relationship between government and market in accordance with law, and regulating the resource allocation conducted by the government. The most significant value of Outlines of Economic Law lies in the fact that market plays a decisive role in assuring resource allocation. Outlines of Economic Law are the basis to rule the market e-conomy and will facilitate the modernization of governance capabilities.