search query: @author Liu, Shiqing / total: 4
reference: 3 / 4
| Author: | Liu, Shiqing |
| Title: | Low profit growth: main foot of Southeast Asian financial crisis (original in Chinese) |
| Journal: | Reform of Economic System (c)
1999 : 2, p.88-92 |
| Index terms: | PROFIT ECONOMIC GROWTH CRISES PROFIT FINANCING CHINA FAR EAST |
| Language: | chn |
| Abstract: | Through comparing the profit growth and profit level of some developed countries and that of some developing countries from 1980 to 1992, the conclusion was drawn that low profit growth was the main root of Southeast Asian financial crisis. In this article,the prominent weak points in China and the U.S.A.: 1.the profit grows much slower than GDP;(2)the total and the per capita profit rate remains at low level over a long period of time;(3)the gap between two countries' levels of per capita profit rate is further widened; (4)the total index is not optimistic. Due to the lower quality of economic growth of developing countries than developed countries, in "rapid growth" there was crisis concealed which would break out sooner or later. The core of the problem of developing countries economic growth is essentially the problem of profit, not others. |
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