The Enlightenment Of Thatcher'S Economic Policy To China'S Economy

< p style= "text-align: left >" generation "Iron Lady" Mrs. Thatcher has thrown hand in hand. Although her a href= "http://sjfzxm.com/news/index_cj.as" > economic policy < /a > much controversy, but she has relaxed the reform of state-owned enterprises and the supervision of the government, through the market economy, let the old capitalist country of England reappear the economic power.

These are very worth looking at in the key period of reform in China.

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< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201304/10/2013041009004087023.jpg "/" < < > >

< p style= "text-align: center > > Thatcher's economic reform: < a href=" http://sjfzxm.com/news/index_s.asp > > market economy < /a > replace government intervention < /p >

In May 3, 1979, Mrs. Thatcher, the Conservative leader of the British Conservative Party, won the election of prime minister and entered Downing street. She began her 11 and a half year Thatcher era (the three prime minister).

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< p > but Mrs. Thatcher is faced with the mess left by the previous government.

Britain's economy has been weak for many years, and inflation has reached a high of 27%.

Once in office, Mrs. Thatcher began a radical reform.

The core idea of its reform is to replace government intervention with free trade, encourage market opportunities and private enterprises, and oppose nationalization and centralization.

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< p > she first streamlined the government so that a large number of civil servants could be laid off or pferred into the competition mechanism.

Then, a wave of privatization and market opening will be launched.

The state-owned enterprises such as BP, BT, and natural gas were all sold to the private sector.

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< p > she also pushed the budget cuts and reform the trade union system, curbing inflation by raising interest rates and controlling the growth of money supply. This strategy is called monetarism.

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In addition to Mrs. P, Mrs. Thatcher supported Britain's accession to the EU to gain freedom from the a href= "http://sjfzxm.com/news/index_c.asp" > trade < /a >, but she strongly opposed joining the euro area.

This policy has been adopted, and Britain has not joined the euro zone so far.

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Mrs. P finally guaranteed Britain's economic growth. < Thatcher >

Under its control, inflation in Britain dropped from 1975 of 27% to 2.5% in 1986.

From her second term, the British economy began to maintain steady growth.

In her third term, the British government's fiscal deficit since 50s has finally turned into a surplus.

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< p > < strong > Deregulation: seeds for economic problems < /strong > /p >

< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201304/10/2013041009004126234.jpg "/" < < > >

In the financial crisis of P style= "text-align: center" in 2008, Britain was hit harder than the United States and the European Union.

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< p > but radical reform has activated the economy, but it has also led to the increase of unemployment rate and the sharp increase of the gap between the rich and the poor in Britain. It has also made Mrs. Thatcher in a great controversy.

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P tight monetary policy has led to a sharp rise in sterling, which has seriously hurt the manufacturing industry in Britain, and high cost credit has further hampered the development of enterprises.

The British economy plunged into recession in 1980 and 1981.

The overburdened enterprises have laid off workers and the unemployment rate has soared.

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Mrs. Thatcher decided to reform the local tax on the basis of property and replace it with "poll tax" to reduce the deficit and force local governments to reduce public expenditure. P

This is a kind of right to vote for all people, regardless of whether the rich or the poor pay the same amount of tax.

The move was fiercely resisted.

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At the same time, Mrs. Thatcher was opposed to the position of deepening the European integration process, which led to the division of the conservative party, which eventually led to the resignation of Thatcher.

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Madam P, Mrs. Thatcher pursued a free market economy and asked the government to relax supervision. Although it has boosted the British economy, it has also planted seeds for some of the economic problems that later emerged in Britain.

These include reducing the number of manufacturing bases in Britain and loosening regulation of the banking sector.

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< p > but she relaxed the reform of state-owned enterprises and the supervision of the government, and restored the economic power of Britain's old and old capitalist country through the free market economy.

These are worthy of China's scrutiny and reference in the crucial period of reform.

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< p > < strong > revelation to China: the determination and execution of reform < /strong > < /p >

< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201304/10/2013041009004165435.jpg "/" < < > >

< p style= "text-align: center > > Thatcher's economic policy is of reference to China in the period of reform.

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< p > strong > China is also facing challenges from market reform and the reduction of the role of the government.

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The market reform of state-owned enterprises starting from 90s has opened the road of China's economic gradual abandonment of the original socialist way, and the reform of state-owned enterprises marked by "letting go of the big and small businesses" has opened a prelude to P.

However, in recent years, the deepening of the reform of state-owned enterprises has been stagnant. The suppression of the private economy marked by the "iron incident" in 2004 seems to indicate that the direction of China's state-owned enterprise reform has been reversed.

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In 2005, when the State Council issued the 36 item to encourage the non-public sector of the economy, the private economy was once seen the dawn of development. But with the outbreak of the global financial crisis in 2008, the government's intention to get out of the economic contraction by supporting the state-owned enterprises is more and more obvious. P

Whether it is the direction of supporting the ten industries or the capital support of huge bank credit, large enterprises are the main beneficiaries.

In the field of aviation, energy, steel, real estate and other fields, the private economy has to withdraw from the market under the "intervention" of all levels of government.

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< p > despite the 36 opinions issued by the State Council on promoting the development of private investment in May 2010, because of the lack of rules, private enterprises are increasingly squeezed in their operation and financing. Even in Wenzhou, there are a lot of vicious incidents such as breach of credit default by private enterprises, business owners running away or even killing themselves.

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< p > although the government has also launched a pilot scheme for financial reform in Wenzhou, but in the context of maintaining stability, it only avoided the expansion of the private financial turmoil in the short term, and did not produce substantial results for loosening financial controls and solving the financing difficulties of private enterprises.

During this period, we can see that the government's "visible hand" has been interfering in the market economy, and the market reform has even regressed.

For this reason, experts, scholars and entrepreneurs have appealed to the government to relax control and promote state-owned enterprises and market-oriented reforms, but little effect has been achieved.

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< p > in fact, Mrs. Thatcher also encountered strong resistance during the reform of the ice breaking period.

When she tried to contain powerful unions, she narrowed the size of the government by completely privatizing and closing inefficient state-owned enterprises, and even led to a confrontation with the striking coal miners in the 80s of last century.

It has also become one of the most intense labour disputes in British history.

Although the name of her "Iron Lady" came from the Soviet Union, her iron hand in carrying out and implementing the economic policy was admirable.

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< p > it is gratifying to note that at the beginning of this year, the voice and action of China's economic reform suddenly enlarged and speeded up.

The Ministry of Railways and the Energy Bureau, led by the Ministry of reform and the Ministry of railways, led to the reform of the Ministry of economy, "anti-corruption", five rules of the real estate country, 8 and 71 of the CBRC.

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< p > however, no matter whether the two sessions of the National People's Congress or the Boao forum just closed, the appeals and arguments about promoting market reform, relaxing the threshold of entry and deregulation of private enterprises are still very intense.

The determination and execution of the new government reform is still a very big test.

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< p > < strong > epilogue < /strong > < /p >

Mrs. P, despite many controversies and merits in economic policy, Thatcher's persistence in market economy and her determination to reform are undoubtedly worthy of China's scrutiny and reference.

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