英语论文 ：How can China fight the current financial cr[1]

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How can China fight the current financial crisis and maintain long-term stable development?

After three decades of reform and opening, China#39;s economy has always maintained high-speed development. GDP from around 362 billion Yuan in1978 increased to around 30 trillion Yuan in 2008, which had grown by over 80 times(National Bureau of Statistic of China ,2009) .However, although China has benefited from globalization in the last three decades, China has also got many serious troubles from globalization, such as environmental problems, inequality and corruption. In addition, the current global financial crisis is one of the big troubles from the current neoliberal globalization and the dream of free market capitalism has been shattered (Wolf, 2008).

Neoliberalism is a political philosophy, a continuance and redefinition of the neoclassical theories of economicscentral principle of neoliberal policy. The central principle of neoliberal policy is untrammelled free markets and free trade including free capital flows（Chang，2007）. Neoliberal movements ultimately changed the world#39;s economies in many ways, such as growth in international trade and cross-border capital flows, elimination of trade barriers, cutbacks in defense spending and in public sector employment, higher living standards, increasing technology transfer and innovation. However, its negative effects are also very serious. More and more economists claim high inequality is spurred by neoliberal policies which produce profound political, social, economic, health, and environmental constraints and problems. Unfortunately, all these disasters have happened in China.

So, how can China respond to the financial crisis and further development? In this paper, Keynesianism is highly suggested to lend guidance to fighting the financial crisis; furthermore, improving education can help China maintain long-term stable development.

Keynesianism is a macroeconomic theory based英语论文