BIZCHINA> Review & Analysis
|
BIZCHINA> Review & Analysis
|
|
Related
Time to revise old ideas of economic security
(China Daily)
Updated: 2008-07-01 11:20 [The author Jiang Yong is a researcher with China Institute of Contemporary International Relations.] The economic security of a country refers to the subjective impression and objective state of the sovereign country that its economic interests are not under threat from internal and external factors and its national economy maintains a relatively stable, balanced and sustained development. For a country to preserve its economic security, the following conditions should be met. The country enjoys an independent economic sovereignty, which not only embodies its jurisdiction and governance of its territory, but more importantly, also embodies its independent decision-making on domestic economic affairs. Among the two, independent decision-making is the key. The country enjoys reasonable protection in its environment, and a stable supply for its normal resources demand and an effective market guarantee for economic development. The country enjoys relative control on internal contradictions, political stability, and a steady and sustained buildup of its economic foundation. The country enjoys a basic balance in its general supply and demand, and a coordinated and reasonable economic structure, and its key industries enjoy continuous strengthening of international competitiveness. It enjoys an international political and economic order beneficial to itself, faces no direct threat to its politics and economy, and the process of its economic development can withstand impacts from the world's economic turbulence. The country's enterprises enjoy a sharp edge in international competition and its government enjoys a strong macro-control and governance ability. Currently, China's economic security situation allows no optimism whether in terms of macro decision-making, industrial competition or micro enterprise development, all of which constitute the three dimensions of economic security of a country. As far as macro decision-making and even legislation are concerned, all kinds of powerful interest groups, especially those overseas, have had increasing influences on these two areas. This will inevitably affect China's reform and opening-up initiative, weaken to different extents its macro-control ability, and compromise government authority. With people's living conditions improving, demands for grains, water and mineral resources have also been on the rise worldwide. Due to a shortage of natural resources and their unbalanced distribution, there have also been an ever-aggravating scramble between countries for natural resources. With a large population, China's per capita occupation of resources is lower than the world's average. The country's sustained and rapid economic development has also contributed to its mounting demands for resources. The conflict between the scarcity and unbalanced distribution of its natural resources and its ever-increasing resources demand has put China's economic security in a challenging position. A review of global economic development tells of a kind of capital operation model: industrial capital is driven by commercial capital, which, however, is manipulated by financial capital. (For more biz stories, please visit Industries)
|
