Refletions on the Downsizing -for -Efficiency Policy
The implementation of the downsizin g -for -efficiency policy has played a positive role in promoting the econ omic system reform in our country,but we must realize that this policy may have a negative effect.It will induce deflation and demand decrease,lower the effic iency of financial and monetary poli cy,and bring about some social probl ems.Therefore,when the policy is implem ented,macro -control must be enforc ed.Meanwhile,enterprises must fur ther understand this policy and the government must further perfect relative systems and regulations.