The difference of regional economy comes from capital dissymmetry, technology dissymmetry, manpower dissymmetry and the information dissymmetry. In the knowledge-based economic ages, globalization and information exce...The difference of regional economy comes from capital dissymmetry, technology dissymmetry, manpower dissymmetry and the information dissymmetry. In the knowledge-based economic ages, globalization and information exceed any age of the history. It provides the new terrace for the balanced development of global economy. The flows of capital and technology improve the regional dissymmetry of production factor. By establishing circulating channels, the flows of the production factor will be enlarged. This will raise the distribution efficiency of global resources and lead to the global economic growth.展开更多
Reductions in barriers to global trade have not been accompanied by a widespread looseningof restrictions on international flows of capital, especially in China. This study shows thatChina has some of the most restric...Reductions in barriers to global trade have not been accompanied by a widespread looseningof restrictions on international flows of capital, especially in China. This study shows thatChina has some of the most restrictive controls and uses them effectively to bias flows ofcross-border capital heavily in favor of foreign direct investment (FDI) and limit flows ofportfolio and bank assets and liabilities, as well as reducing capital flow volatility. China isnow facing pressure to speed up its opening to all forms of cross border capital. But sinceChina is still struggling to strengthen its domestic financial structure, capital accountliberalization would expose it to considerable risks and potentially high costs.展开更多
文摘The difference of regional economy comes from capital dissymmetry, technology dissymmetry, manpower dissymmetry and the information dissymmetry. In the knowledge-based economic ages, globalization and information exceed any age of the history. It provides the new terrace for the balanced development of global economy. The flows of capital and technology improve the regional dissymmetry of production factor. By establishing circulating channels, the flows of the production factor will be enlarged. This will raise the distribution efficiency of global resources and lead to the global economic growth.
文摘Reductions in barriers to global trade have not been accompanied by a widespread looseningof restrictions on international flows of capital, especially in China. This study shows thatChina has some of the most restrictive controls and uses them effectively to bias flows ofcross-border capital heavily in favor of foreign direct investment (FDI) and limit flows ofportfolio and bank assets and liabilities, as well as reducing capital flow volatility. China isnow facing pressure to speed up its opening to all forms of cross border capital. But sinceChina is still struggling to strengthen its domestic financial structure, capital accountliberalization would expose it to considerable risks and potentially high costs.
