Tuesday, November 10, 2015

Zhongcai Office Director Liu crane won China s top economics awards are considered

Zhongcai Office Director Liu crane won China's top economics awards are considered here the core think tank

Photo: network Development and Reform Commission, eight major

On November 8, the 16th (2014) Sun yefang economics awards ceremony, the central financial and economic leading Group Office Director Liu crane, with its published in 2012 of the comparative study of the two global crises, reap awards.

Reportedly, 2010 central fiscal do had started "two times global big crisis of compared research" subject, invited people's Bank of China, and silver prison will, and Academy of social sciences, and State Development Research Center, and Peking University, units related research personnel participate in, on in the 1930 of the 20th century of big depression and 2008 outbreak of international financial crisis for compared research, by Shi any zhongcai do Deputy Director, and State Development Research Center Party Secretary of Liu crane served as subject group leader.

The study's overall report is the comparative study of the two global crises, Liu crane for the paper's authors. In 2012, the paper, published in the 5th issue of the journal.

Sun yefang Economics Prize Committee of the comparative study of the two global crises of the highly, calling it both at home and abroad about the 2008 international financial crisis "an important representative of". They of awards Word wrote, papers will 2008 international financial crisis put in Centennial to world economic development of big background Xia, system, and full and deep to compared has it and 1929 big crisis of difference points and same points, from technology long cycle changes, and income distribution gap had big, multiple aspects analysis has crisis produced of deep reasons, discusses has crisis of again distribution effect and States strength of relative transfer, proposed 3 points important policy thinking, not only in at produced has important effect, now seems is science and right of.

Statistics show that Sun yefang Economics Prize economics, China is by far the highest awards, known as "China's Nobel Prize", in 1983, comprises Yu Guangyuan, Xue muqiao, Yao Yilin, song ping and other academic institutions, the political celebrities jointly initiated the establishment. Since 1985, established and named after, the award selection, is awarded every two years. Li keqiang, Zhou xiaochuan, and Wu Jinglian, and Li Yining, Lou Jiwei, Chen, Lin and other all won awards.

This times and Liu crane papers while award of also has back history--Marx doctrine economics in China of spread Qian history, and inclusive sex development and social fair policy of select, and China reform: history, and logic and future, and high investment, and macro cost and economic growth of continued sex, and competitive savings motivation: China continued growth of gender proportion and savings rate, and China enterprise in the of unions and workers welfare, works and papers.

Media reports earlier, as Director of the Office of the central financial and economic leading group, Deputy Director of the national development and Reform Commission, 62-year old Liu crane was involved in a number of national reform plan design, is believed to be China's economic policy think tank, the future of China's economic development theory "trader".

Today, Liu crane papers received this honor, which is described?

The paper pointed out that the population structure of two crises, technical conditions, the developed economies and social systems, the degree of globalization and emerging countries rise and the global economy are not the same. But also a lot of the similarities of the two crises.

First of all, the two crises is the common background in the aftermath of major technological revolution. "Harbinger is that in the future when major revolution occurred after, not only need to recognize its progress, seize its opportunities, but also to give full meaning to the major change would emerge fully estimate the impact shock and challenge. "Pointed out in the article.

Secondly, before the crisis, have experienced an unprecedented economic boom, birthplace of the crisis the Government has adopted a laissez-faire economic policy. Moreover, the precursor to crisis when the income gap is too large. "This one has to do with globalization, the Internet, and the development of knowledge economy and economy virtualization level, changes in the population structure of different countries have more relationships. But the most prominent manifestations are separation of nominal ownership and real control over the means of production, the concentration of power into the hands of few virtual economic elite. "

In addition, in the context of public policy space be squeezed through a small, populist policies taken by Governments of developed countries are often helped fuel the crisis. The article pointed out: "populist promises to change the public's welfare expectations, increased dependence on Government, also relaxed his fighting determination is extremely negative, corrosive. Fatal problem is that once the public welfare expectations were not met, social psychology soon reversed, and defiance of authority, refused to change and is hostile to the success of the intense atmosphere. "Before the crisis, mass psychology are speculative in the extreme conditions continue to make themselves believe it could be reason to get rich overnight.

Crucial is that both crises were associated with monetary policy. After the outbreak of the crisis, policy makers always face populist, nationalist political ideology and economic problems of the three challenges, market forces continue to challenge convincing Government policy, which makes the situation even worse.

Liu crane warned in the text: "of particular importance is, in self-logic process of the crisis there will always be unexpected events, a series of out of control and a miscarriage of Justice has occurred frequently. "

In addition to the proposed rule of crisis, this paper also observed the solution of the crisis: "only developed into the most difficult stage of the crisis, it is possible to force an effective solution, this solution is often a significant theoretical innovation. "

Liu He explained in the text, this theory might argue about the global economy's most substantial and difficult issues: the world's total demand and capital, technology and labor in the global macro configuration imbalance situation, coupled with economic growth in some countries in dire straits, bringing both their socio-political issues, are quick to spread around the world. However, there is no clear idea how to solve this problem.

Finally, he drew attention to the crisis with a strong redistributive effect, "it will cause the power transfer of power and the significant changes in the international economic order." In his view, allocated by the crisis is not just a country's wealth and strength comparison between countries. Overwhelming the redistributive effects of the crisis, the world economic order would continue to grow steadily, but major irreversible change.

  Sun yefang Economics Prize Committee Director former Director Zhang zhuoyuan, China Academy of social sciences, Institute of Economics said in an interview with the globe and people magazine they believed Liu crane was in place this paper summarizes: "the judge especially after the 2008 crisis trends, now appears to be accurate, such as slow recovery, there will be new problems, and so on. Finally came to the revelation, for example set the bottom line thinking, to grasp the strategic opportunity period in China, such as significant changes in the contents of current policy is forward-looking, indicative significance. "