关键词: 技术革命, 金融危机, 制度大转型, 市场化改革

Abstract: After the Internet bubble burst in 2000,the world economy has approached the turning point that indicates the transformation of the fifth development surge from technology revolution's installation to deployment.Such a change commands the control of economy being shifted from financial capital to production capital,yet to which financial capital responded by a credit bubble.The sub-prime crisis in the US has shown that the free market ideology is becoming the biggest obstacle of economic growth,and the current world economy faces the similar institutional transformation as the Great Depression era did.Because China's reform and opening-up was a direct result of the fifth development surge,in order to deal with the crisis encountered by China's export-oriented economy,China should have deep understandings of the profound implications of the great institutional transformation on China's economic prospects.

Key words: technology revolution, financial crisis, great Institutional transformation