Open AccessEconomic System Reform and Restoration of Confidence in Economy
Author(s) -
Baodong Ren
Publication year - 2010
Publication title -
international journal of business and management
Language(s) - English
Resource type - Journals
eISSN - 1833-8119
pISSN - 1833-3850
DOI - 10.5539/ijbm.v5n6p133
Subject(s) - inflation (cosmology) , currency , government (linguistics) , consumer confidence index , economics , economic recovery , economic policy , business , monetary economics , macroeconomics , linguistics , philosophy , physics , theoretical physics
It is of particular significance to restore confidence during economic crisis. Government’s financial policies, currency policies and other supporting policies will help to restore confidence to some degree. But, excessive reliance on government policies may result in another wave of inflation and economic crisis. As a result, the reform in economic system and the improvement of economic environment should be fundamentally relied on to restore confidence, which will help to upgrade industries, innovate technologies, develop economy harmoniously as well as to restore the confidence of investors and consumers, hence benefiting long-term and sound economic development