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论文作者:英语论文论文属性:短文 essay登出时间:2010-01-09编辑:zhangxinli点击率:6887
论文字数:3000论文编号:org201001091117099715语种:英语 English地区:中国价格:免费论文
关键词:Chinathe current financial crisismaintainlong-term stable developmentmeasures
The following will discuss why and how China should adopt Keynesianism to fight the current financial crisis and maintain sustainable development from three aspects: stimulating domestic market, optimizing the import and export structure, continuing to implement macro-economic regulations.
Firstly, stimulating the domestic market is an urgent task for the government. Keynes argued that government policies could be used to increase aggregate demand, thus increasing economic activity and reducing unemployment deflation(Alan, 2002). According to Keynesianism, China should reinforce the domestic market as a way to fend off the global reverberations from the economic downturn.First, 本论文由英语论文网www.51lunwen.org整理提供China’s overdependence on international trade is very vulnerable ,which is sometimes effected by the global uncertainty . According to National Bureau of Statistics of China, in the last few years, the total exports count for around 40% of the China’s GDP. However, the current crisis has greatly shrunk external demand, which has resulted in the closure of thousands of factories and a rise in unemployment, especially in developed coastal areas. Masses of unemployed workers will cause great concern over social and political instability in the next several years. Second, the export-oriented growth model cultivates strong inertia, locking China in at the lower end of the value-added chain. If China is going to keep its position as the “world’s factory” — a place of low-cost assembly lines — the country cannot substantially improve its real productivity in terms of research and development and manufacturing technology. For example, many state-owned firms became assembly lines for foreign-brand cars, and the major profits went to foreign investors. Third, overdependence on international demand has weakened Chinese foreign policy. This external dependency limits China’s policy options when it comes to responding to such issues as human rights, Taiwan, trade friction and even quarrels with Japan over history textbooks. Chinese leaders often face the accusation of not doing enough and being too soft.
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