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| Author: | Chen, Wenlin |
| Title: | On physical economy, invisible economy and bubble economy: viewing south east Asian financial crisis and Chian's macro economic operation from a new angle (original in Chinese) |
| Journal: | Management World (c)
1998 : 6, p.33-42 |
| Index terms: | ECONOMIC CONDITIONS ECONOMIC ANALYSIS ECONOMIC CRIME |
| Language: | chn |
| Abstract: | The south east Asian financial crisis is attributed to the imbalance of economic structure worldwide, viewed in the light of the operation of physical economy and to the invisible sharp rise in currencies, improper extent of opening in finance and poor ability of financial supervision and management, viewed in the light of invisible economy. As a result, the economic "bubble" was broken, thus inducing the south east Asian financial crisis. China should grasp correctly the interrelation between physical economy, invisible economy and bubble economy and interaction effect, which is of vital importance to macro economic operation and the stability of the whole society. Besides, she should make the operation of physical economy keep a certain speed and high economic returns, and control properly development of invisible economy so as to eliminate bubble economy. |
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