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Search within results (((Chen Xiangguang[Author]) AND 1[Journal]) AND year[Order]) AND OR NOT Title Author Institution Keyword Abstract PACS DOI Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select The Political Economy of Subordinate Financialization Huang Zeqing, Chen Xiangguang Teaching and Research    2022, 56 (4): 77-91.   Abstract （768）      PDF（pc） （10333KB）（469）       Knowledge map    Save The rapid development of globalization has led to the formation of a capitalled global production network and the global circulation of capital, forming a global industrial, technological and value chain in which core countries dominate peripheral countriesThe implementation of the “dual longarm outsourcing” strategy has brought these lessdeveloped countries into the production system under the control of core countries, which has also stimulated the unhealthy development of financial markets and strengthened the dominance of core countries in the global production network and global financial marketThe global expansion and financial leverage of monetary capital, loan capital and virtual capital have promoted the accumulation and circulation of capital on a global scale, and further strengthened the industrial and financial control of the core countries over peripheral countriesWhile incorporating the peripheral countries into the global production network and global circulation, they become subordinated to the core country in terms of the financialization of capital accumulationSubordinate financialization and the accumulation of financialized capital not only create obstacles to the economic development of developing countries, but also encourage financial speculation that involves high risk in these countriesIn particular, the combination of subordinate financialization and the proactive form of financialization may lead to excessive financialization, resulting in financial crisesThe financial development in China should prevent the occurrence of subordinate financialization, avoid repeating the mistakes of some developing countries, and adopt a sound financial development strategy to continuously strengthen the finance sector to serve the real economy Related Articles | Metrics | Comments（0） Select Efficiency as First Priority and Fairness as Indispensable Complement ——Setting up DualSystem of Income Distribution Chen Xiangguang Teaching and Research    1999, (1): 11-16,80.   Abstract （1113）      PDF（pc） （455KB）（1599）       Knowledge map    Save The author believes that we must set up an income distribution system that addresses both fairness and efficiency in order to develop socialist market economy. For this end we should regard the process of income distribution in terms of a procedure of micro income distribution plus a procedure of macro income adjustment. During the procedure of micro income distribution we should emphasize efficiency, while during the procedure of macro income adjustment we should pay attention to fairness, that is, regarding efficiency as first priority and fairness as indispensable complement. Actualization of micro income distribution is through the function of market mechanics, and it is based on the micro income distribution that we carry out the macro income adjustment, which is supported by three measurements: income tax, transfer payment, and income guarantee system. Taking consideration of both efficiency and fairness requires that micro income distribution and macro income adjustment be combined so that efficiency and fairness can be applied to different procedures respectively. Reference | Related Articles | Metrics | Comments（0）