2001年以来亚洲新兴和发展中经济体的资本流动与应对之策

Capital Flows and the Countermeasures in Asian Emerging and Developing Economies Since 2001

从2001年到2007年次贷危机爆发之前,亚洲新兴和发展中经济体国际资本流动的规模逐年增加,迎来了战后国际资本流动的又一次高潮。2008年全球金融危机的爆发使得流入亚洲新兴和发展中经济体的国际资本发生了逆转,金融危机过后,其经济回升势头明显,国际资本又纷纷流入这些经济体。2001年以后的亚洲新兴和发展中经济体的国际资本流动呈现出与以往不同的一些新特点,并造成了三种结果,这三种结果使这些经济体的经济发展面临着新的挑战。

From 2001 to the time before the outbreak of the Subprime Mortgage Crisis in 2007,the scale of capital flows in Asian emerging and developing economies increased year by year.During this period,the new peak of post-war capital flows occurred in Asian emerging and developing economies.In 2008,the world financial crisis＇s eruption caused the international capital flows which got into Asian emerging and developing economies to have a reversal.After financial crisis,the upturn tendency of economic is obvious,and the international capital flows back to these economies.Since 2001,international capital flows in Asian emerging and developing economies have shown some new characteristics different from the past and they have caused three results and brought new challenges to Asian emerging and developing economies.Asian emerging and developing economies should start from five aspects to cope with the situation.