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20 August 2003, Volume 37 Issue 8 Previous Issue    Next Issue

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The Size and Efficiency of Financial Development under Financial Repress in China CHENG Hua WANG Bu-he 2003, (8):  32-38.  DOI: Abstract ( )   PDF (2849KB) ( )   The financial sector in China has developed rapidly, especially in terms of the financial size. However, as the Chinese government still keeps a tight control over financial development in many aspects, the market mechanism of the banking sector and the capital market cannot function well. As a result, the financial intermediary and financial market have showed low efficiency with respect to allocating social financial surplus and promoting removal of social capital stock. This has also led to the fragility of the financial system itself. The author concludes that in China the progress of financial efficiency does not keep pace with the progress of financial size. References | Related Articles | Metrics

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Theoretical Exploration of Globalization of Monopoly Capital Ql Lan 2003, (8):  42-47.  DOI: Abstract ( )   PDF (2603KB) ( )   The author observes that the core of economic globalization lies in globalization of the capital, with globalization of the monopoly capital as its essence. This article, then, is meant to discuss the new phenomenon and new issues of globalization of monopoly capital with regard to the reality of monopolistic capitalism in the light of Marxist theories on monopoly capital, with reference to the latest relevant research findings in the West. The focuses of the discussion include the conception of monopoly capital, the meaning of globalization of monopoly capital, the developmental stages of globalization of monopoly capital and their special features, the causes that account for the rapid development of globalization of monopoly capital, the nature of globalization of monopoly capital, the function and impact of globalization of monopoly capital, and tendency of globalization of monopoly capital as well. References | Related Articles | Metrics

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An Analysis of the Basic Trends of Contemporary Pluralism in the West CHANG Shi-yin 2003, (8):  64-69.  DOI: Abstract ( )   PDF (2728KB) ( )   Since the emergence of the post-industrialized society in the 1970s pluralism in the West has turned its attention to culture. Two trends of pluralism political ideas are particularly worth mentioning: the radical pluralism and the mild pluralism. The former emphasizes establishing plural as a consequence of eradicating unitariness, while the latter stresses social integration on the basis of plural. The author holds that it is not right to consider "unitariness" and "plural" as conflicting concepts. The article concludes that a balanced relationship of "unitariness" and "plural" realized on the basis of a dialectic relationship of the society and the state is recommended. References | Related Articles | Metrics