www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Opinion / Op-Ed Contributors

Anti-corruption campaign will boost economy

By Yao Shujie and Wang Feng (chinadaily.com.cn) Updated: 2015-03-09 07:54

China's GDP only overtook that of the United Kingdom in 2005, that of Germany in 2007 and Japan's in 2010, but today, it is almost four times more than the UK's, three times that of Germany's and more than two times that of Japan's.

One needs to remember that corrupt consumption of luxury goods and dining in expensive restaurants by government officials and businessmen is an "abnormal" phenomenon. It seemingly drives economic growth, but it accentuates inequality and causes social and political discontent.

With the anti-corruption campaign, China can improve political stability and the government can gain trust from the people. These are necessary conditions for social justice and long term economic growth.

In fact whether the anti-corruption efforts are helpful or harmful to economic growth in the short-term depend on the level of corruption. When the level of corruption is low, anti-corruption efforts will lead the economy to grow faster. However, when the level of corruption is high, the short-term effects of the anti-corruption efforts on economic growth will be negative, meaning that corruption's "lubricating" effect dwarfs its "drag" on the economy.

One could then argue that the current level of corruption in China is high, and hence, the anti-corruption campaign being maintained by Xi and Wang might in part have caused the Chinese economy to slow down. But this is only a small part of the full story. The truth is that the long-term effects of anti-corruption efforts on economic growth are far more profound than their short term impact.

In the long term, anti-corruption efforts will reduce the level of corruption, and hence, they will definitely promote long-term economic growth.

Further analysis suggests that if the current anti-corruption campaign is able to reduce the level of corruption by a half, it will generate a long and sustained positive effect on economic growth.

Furthermore, it should be stressed that not only is the anti-corruption campaign beneficial for China's long term economic growth, it will also help create a more equitable, just and harmonious society, which is the necessary foundation for the ruling Communist Party of China to lead the country to its next level of social and economic development.

Yao Shujie is professor of economics at the University of Nottingham and Chongqing University. Wang Feng is an associate professor at Chongqing University.



 

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...
主站蜘蛛池模板: 看中国毛片 | 精品亚洲成a人片在线观看 精品亚洲成a人在线播放 | 成年人激情视频 | 欧美综合在线观看 | 男人使劲躁女人视频小v | 91精品视频播放 | 精品在线视频免费观看 | 欧美极品欧美精品欧美视频 | 国产主播福利片在线观看 | 萌白酱喷水福利视频在线 | 精品精品国产欧美在线观看 | 欧美日韩一区二区中文字幕视频 | 在线播放国产一区二区三区 | 亚洲综合日韩精品欧美综合区 | 国产午夜一级淫片 | 国产伦一区二区三区四区久久 | 久久成人视 | 日本久久香蕉一本一道 | 欧美一区在线观看视频 | 国产一及片| 亚洲欧美日本人成在线观看 | 久久青草网站 | 久艹视频在线观看 | 欧美日韩亚洲第一页 | 深夜国产成人福利在线观看女同 | 国产亚洲一路线二路线高质量 | 午夜精品视频在线观看美女 | 欧美日韩精品在线播放 | 亚洲国产成人久久午夜 | 欧美性三级 | 国产成人18黄网站在线观看网站 | 毛片爽爽爽免费看 | 亚洲手机视频 | 国产视频三区 | 色综合加勒比 | 99精品国产成人一区二区在线 | 欧美成a | 99亚洲视频 | 全部孕妇毛片丰满孕妇孕交 | 波多野结衣在线不卡 | 免费精品久久久视频 |