An Analysis of Financial Globalization, Financial Security and Financial Evolution——Based on the New Classical Diagram
- 经济学院－已发表论文 
We took a deep and thorough theoretical analyses , using the new classical diagram , on such propositions as financial globalization , financial security and financial evolutions , through which we drew these conclusions : the so - called financial globalization was an irreversible trend in our generation , which was decided by the logic of economic development and the characteristics of finance it self ; thus , there was only one way leading to a positive circulation of native development and world development , to conform this t rend. For the developing count ries , there was always a conflict between the actions of conforming the trend of financial globalization and accelerating the opening progress of native finance and the ones of defending the native financial security and vindicating her financial profits. To fulfill the above double - missions , the key was to boost the evolution of financial innovations. Compared with the technological innovation , the institutional innovation was much more important , because given an almost setttle - downed international paradigm system thus almost systemized institutional circumstances and st ructure ,the acquiesced information based upon the above - mentioned system in the international financial bargains always had the bargainers from the different institutional circumstances take the information inferior position , and then resulted in financial loss. Only the developing count ries change this situation could they minify the institutional financial risks and stop such financial loss , which calls for a continuing evolution of financial institutions and using referring to or even imitating the western financial institution pattern. In China , because of the historical reasons , there are countless flaws in the financial system ,which means enormous great institutional financial risks. The entry into WTO endues China with thegreat mission of defending the native financial security in opening international competition circumstances , which calls for an endeavoring and perseverant financial institutional evolution , leading to the final internationalization.