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The Study on the Legal System of the Socialist Market Economy with Chinese Characteristics

  • Journal of International Business Transactions Law
  • Abbr : IBT
  • 2019, (25), pp.61-83
  • DOI : 10.31839/ibt.2019.04.25.61
  • Publisher : The Institute for Legal Studies Dong-A University
  • Research Area : Social Science > Law > Private Law > International Commercial Transactions Law
  • Received : March 29, 2019
  • Accepted : April 23, 2019
  • Published : April 30, 2019

WEI, QIANG 1 WANG, YANG 2

1중국청도대학
2동아대학

Accredited

ABSTRACT

Market is one of the means to allocate social resources, and the economic form formed by allocating social resources by means of markets is market economy. The ownership nature of social resources is divided into public ownership and private ownership, and the ownership nature of resources allocated by markets determines the economic system. The economic form formed by the allocation of public ownership resources by markets is the socialist market economy. The market economy and the rule of law are the two cornerstones of modern civilization. The rule of law embodies the development direction of human social progress and is also an important manifestation and important carrier of the objective laws of human political development, economic development and social development. The development of Chinese socialist market economy is in its infancy, so a complete law is needed as a guarantee. The success of the socialist market economy with Chinese characteristics in theory and practice has largely benefited from the positive role of the rule of law in economic construction and the internal unity of the socialist market economy theory and the rule of law. A good rule of law environment will provide strong support for the healthy and orderly development of the economy, and the realization of the rule of law cannot be separated from its cornerstone - the full play of the legal system.

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