Selection of Chinese State-owned Firms＇ External Development Strategy：M＆A or Strategic Alhance？

This paper comprehensively compares two expansion strategy manners of firms, and analyses the advantages and disadvantages of M＆A and strategic alliance respectively. Combining with the state-owned firms reforming waves, the author points out that M＆A as external development strategy of state-owned firms is better than strategic alliance.     

Empirical Study on New Issue Long-term Pricing Performance ——Subject to the Hypothesis and Proof of Shell Resource Value

This paper calculates the long-term return of the IPOs in China＇s stock market, we find that the positive abnormal return of new issues lasts for 7 months after adjusted by the market return. The author explains the long-term market performance of IPOs with the concept of ＂Shell Resource＂ and supplies the related proofs.     

Insurance ： The Third Basket

For the general public,instead of focusing on a simple increase in income,their investment and fi- nance decisions should pay much more attention to the rise of actual living stan- dards and managing risk.This requires     

For a Safer World,For Smooth Cooperation

The large trade surplus and production safety problems have tarnished China's image around the world recently. As China's first and largest trade partner, the EU has a lot of influence on its international performance, and given the current situation, increased bilateral cooperation is needed. Development of a smooth dialogue channel is a great opportunity for mutual benefit and future cooperation. Mr. Heinz Zourek, the General Director for the Enterprise and Industry of the European Union's Commission to China,     

Empirical Analysis on Practice of Venture Investment in China

Organizational policy innovation in venture investment is an important measure to prompt making venture capital. This paper begins with introducing limited partnership, corporation and trust funds which are organizations suitable for venture investment, and then combines detailed case at home to analyze, reflect the develooment situation of venture investment in China.     

Transfers and the Samuelson Rule in Stock Externality Provision—Why Do We Need Them Both?

This paper examines the relationship between the Samuelson rule for efficient provision of stock externality and unilateral transfers for equalization of mitigation costs among the agents. Using a generic model of stock externality provisions, we proved that the revised Samuelson rule that allows transfers is a necessary and sufficient condition for efficient provision of stock externalities. In addition, selection of social welfare weights of the agents plays a key role in directions and magnitudes of the transfers. We discuss the implications of the revised Samuelson rule in economic modeling of climate change, an empirical case of stock externality, through numerical simulations in the RICE model.     

＂Improved Product Development Processes Are Necessary＂ ---An Exclusive Interview with Dr. Alastair Bacon,General Manager-Prodrive China

Q： How long have you been in China doing business？ What impressed you most during your stay？ Could you share some examples with us？     

世界范围经济发展的两种根本不同思路——马克思理论和新古典理论经济发展观点的比较

关于世界经济不平衡发展问题,有两种不同的观点。从马克思主义观点上看,造成世界经济不平衡发展的根本原因在于资本扩张,资本扩张使世界形成了"中心"和"外围"的不平衡发展的世界经济结构。而从新古典经济学的观点上看,之所以出现世界经济不平衡发展的局面,根本原因在于世界上存在妨碍竞争和资本流动的因素。关于世界经济未来的发展问题,新古典经济学提出一种趋同论,即认为,一旦消除了妨碍竞争和资本流动的因素,世界经济将逐渐达到相同的水平。马克思主义经济学则根据对现实的资本主义扩张的事实提出世界经济不平衡发展有进一步扩大的趋势。     

建国60年来我国区域经济发展战略演变及基本经验

区域经济发展战略是一个国家经济社会发展总体战略的重要组成部分。我国从建国之初便开始在区域经济发展战略上不断摸索、不断创新,先后经历了均衡发展战略、非均衡发展战略、非均衡协调发展战略三个阶段。分析区域经济发展战略演进历史轨迹,将为我们统筹好区域经济发展提供有益的借鉴和启示。