Research Article

Inspiration and Innovation of Informal Economic Governance under Socialism with Chinese Characteristics: Reconstruction of Street Vendor Governance Model in Fuyang City

Authors

  • Jiahe Guo School of Public Administration, Political Science and Administration, South-Central South University for Nationalities, Wuhan 430000, China

Abstract

Vallholder economy is an important driving force for urban economic and social development in the new era. Under the background of socialism with Chinese characteristics, through comparative research, empirical research, investigation and analysis, this paper concluded that the street vendor economy is informal, long-term and complex. For the governance of Chinese street vendors, we should learn from the theory, absorb foreign experience based on the national conditions and urban status, and find the breakthrough of governance from the root. Formulate “flexible” flexible policies, optimize space politics, divide and rule, break through the constraints of regularization, reconstruct and innovate the economic governance model of Chinese street vendors, and realize the “Sinicization of governance concept, local governance policy and contemporary governance model”. The research has enlightenment and reference significance for enriching the development of political economy theory, innovating the informal economic governance model and developing the informal economy in the new era.

Article information

Journal

Journal of Humanities and Social Sciences Studies

Volume (Issue)

6 (5)

Pages

39-45

Published

11-05-2024

How to Cite

Guo, J. (2024). Inspiration and Innovation of Informal Economic Governance under Socialism with Chinese Characteristics: Reconstruction of Street Vendor Governance Model in Fuyang City. Journal of Humanities and Social Sciences Studies, 6(5), 39–45. https://doi.org/10.32996/jhsss.2024.6.5.7

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Keywords:

Informal economy; socialism with Chinese characteristics; innovation and reconstruction; multiple integrated governance model and comparative research.