Journal of Jishou University(Social Sciences) ›› 2012, Vol. 33 ›› Issue (3): 84-88.DOI: 10.3969/j.issn.1007-4074.2012.03.014

• Economics • Previous Articles     Next Articles

Risk Concept Innovation:the Engine of Economic Growth in Western China

  

  1. (1.School of Law and Public Administration,Jishou University,Jishou,Hunan,416000;2.Institute of Agricultural Economics and Development,Beijing,100081,China)
  • Online:2012-05-15 Published:2012-05-21

Abstract: Risk-benefit is what people gain through economic activities.It has two possibilities:risk gain and risk losses,with the former one being the most important kernel.It is risk gain that drives people to engage constantly in all kinds of risky economic activities and ultimately pushes forward the economic development and the progress of human society.The traditional risk concept featuring passive avoidance and lack of innovation is the reason for the slow growth of the western economy.Facing the great opportunity for development,the western region of China should implement the risk concept innovation,actively explore industries featuring high risks but abundant potential profits and adopt a road for economic take-off with moderate risks,modern concept,abundant profits and sufficient protection.

Key words: risk concept innovation, the western china, economic development

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