Four Suggestions on Establishing a Legal Environment for a Speedy Transformation of the Economic Development Model

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Four Suggestions on Establishing a Legal Environment for a Speedy Transformation of the Economic Development Model Gu, Xiaorong

Abstract

When China’s 12th ‘Five-year Plan’ established as its main task to ‘speed up the transformation of the economic development model’, the legal system acquired a core role in this transformation. Several instruments, such as policy, economic, and administrative instruments, can transform the economic development model. However, legal instruments should be placed in an irreplaceable position among all instruments. For the next 10 to 15 years, China will shift from ‘limited open’ market to internationalized market, and the legal environment will play an increasingly important role during this process. This paper offers four suggestions for a rapid transformation of the economic development model in China.

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Title	Four Suggestions on Establishing a Legal Environment for a Speedy Transformation of the Economic Development Model
Creator	Gu, Xiaorong
Contributor	University of British Columbia. Peter A. Allard School of Law; Asia Pacific Dispute Resolution
Date Issued	2017
Description	When China’s 12th ‘Five-year Plan’ established as its main task to ‘speed up the transformation of the economic development model’, the legal system acquired a core role in this transformation. Several instruments, such as policy, economic, and administrative instruments, can transform the economic development model. However, legal instruments should be placed in an irreplaceable position among all instruments. For the next 10 to 15 years, China will shift from ‘limited open’ market to internationalized market, and the legal environment will play an increasingly important role during this process. This paper offers four suggestions for a rapid transformation of the economic development model in China.
Subject	Rule of law; Legal mechanisms; Innovation; Informal institutions; Traditional mechanisms; Internationalized market
Genre	Working Paper
Type	Text
Language	eng
Date Available	2017-08-28
Provider	Vancouver : University of British Columbia Library
Rights	Attribution-NonCommercial-NoDerivatives 4.0 International
DOI	10.14288/1.0354800
URI	http://hdl.handle.net/2429/62839
Affiliation	Non UBC
Citation	APDR Working Paper Series, Vol. 2, no. 1
Peer Review Status	Unreviewed
Scholarly Level	Faculty
Rights URI	http://creativecommons.org/licenses/by-nc-nd/4.0/
Aggregated Source Repository	DSpace

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