国际资本流动的原因、路径和趋势

International capital flow: Sources, paths and trends

20世纪90年代以来,国际资本流动速度进一步加快,通过促进国际贸易发展和提高国际市场效率两个方面,推动了世界经济的快速增长。文章介绍了近年来国际资本的流动规模,各类国际资本(如国际直接投资、证券投资)的流动形式及国际资本流向格局,指出国际资本流动既使世界经济失衡表现为一种动态均衡,也推动了世界产业结构的调整。

Since the 1990s, the increase in international capital flow has promoted the rapid growth of the world economy by means of facilitating international trade and enhancing international market efficiency. With an introduction to the size, pattern and orientation of international capital （for instance FDI and FPI） flow, this paper points out that global capital flow creates a dynamic equilibrium amid global economic imbalance and enhances the adjustment of global industrial structure.