Blindly opposed to industrial policy is not responsible for roselip

Industrial policy is not blindly opposed to be in charge of the China Economic Forum 50 Yifu Lin as the responsibility of economists not because of fear of failure and any industrial policy industrial policy are totally against, or because the industrial policy is a necessary condition for economic development of the unconditional support of all industrial policies, but to clear industrial policy success and failure. In order to help the government, in the use of industrial policy, reduce failure and improve the probability of success. If there is no industrial policy, there will be no economic development in many countries, but the industrial policy has not been successful in catching up with the developed countries and developing countries. In the developed countries and the economic development of developing countries, industrial policy is necessary because not only have the entrepreneurial technology innovation and industry to promote economic development of the upgrading of individual efforts, also need the government to help entrepreneurs solve the coordination problem of entrepreneurs own difficult to overcome the externality and the corresponding hardware and software infrastructure. Because no matter in developed countries and developing countries the government can use the resources are limited, not what possible technological innovation and industrial upgrading are what might help, only strategic use of its limited resources so to help to make the greatest contribution to the economic sustainable development of the industry. This kind of selective use of resources to help entrepreneurs in some industries to overcome externalities and coordination problems is the industrial policy. The development of the national economy and no industrial policy will not be successful, but many of the industrial policy is not successful, therefore, as the economist’s responsibility is not because of fear of failure and where industrial policy industrial policy are totally against, or because the industrial policy is the economic development of the necessary conditions on the unconditional support of all industrial policies, but to study clearly industrial policy success and failure reason, in order to help the government in the use of industrial policy, reduce failure and improve the probability of success. From the perspective of the new structural economics, this paper analyzes why the economic development needs industrial policy to be successful, why the majority of industrial policy fails, and how to develop effective industrial policy. The essence of a country’s economic development is an increase in per capita income, the premise is the increasing level of labor productivity. There are two ways to improve labor productivity levels: one is through technological innovation, improve product quality and production efficiency in existing industries; two is through industrial upgrading, the existing factors of production labor, land and capital are allocated to higher value-added industries. According to the analysis of the new structural economics, both of them need to be combined with "effective market" and "promising government". "The importance of effective market, guide the entrepreneur according to the comparative advantage of factor endowments to select the technology and industry, similar products produced products in domestic and international market, cost will be the lowest, only the most competitive enterprises, in order to obtain the maximum profit, the entire economy will create the largest surplus and capital accumulation the comparative advantage from labor or natural resource intensive to capital intensive industries, upgrade for existing technology upgrade to more capital intensive and high value-added new industries, new technology)相关的主题文章:

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