Table of Content

16 December 2006, Volume 26 Issue 12

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THE EURO: PROSPECTS ON THE BASIS OF ITS PRESENT

FANG Fu-qian

2006, (12):  5-10. 

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The euro has had some initial successes over its first seven years included the developing of economic integration in the euro area and the euro has became the second most important international currency after the US dollar.But the euro is still faced with many challenges,especially EU political integration lag behind.The euro will score better in the near future.

INDUSTRIAL GRADS,INDUSTRY INTER-TRANSFER AND THE DEVELOPMNET OF CHINESE MANUFACTURING INDUSTRIES

Dai Hong-wei

2006, (12):  45-50. 

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This paper provides a brief analysis of the definition and formation of industry grads as well as the rule of industry transfer.With the deepening of the world economic integration and the speeding-up of international industry transfer,the rule of international industry transfer should be fully used in the development of Chinese manufacturing.By means of international industry inter-transfer involving in the Chinese manufacturing’s acceptance of foreign industry transfer and the Chinese industry transfer to foreign countries,the structure and level of China’s manufacturing could be improved greatly.

STICKINESS OF EMPLOYMENT INCREASE IN HI-TECH INDUSTRY: "GROWTH WITHOUT EMPLOYMENT INCREASE"

WAN Lun-lai, ZHANG Song-lin, YANG Yan-hong

2006, (12):  51-56. 

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Based on the analysis on changes and characteristics of employees’ and employers’ economic behaviors in hi-tech industry,and the assumption that the only threat to enter the industry is the employees who want to start a firm,this paper tries to prove the two propositions as following:(a) employers do not want to increase employment if the new comers enter with low costs;(b) employees are lack of motives to enter because of the existing barriers to job-hopping.Also,this paper gets two deductions as this:(a) government policies are not helpful for the employers in the hi-tech industry to increase the employment;(b) the wage rigidity resulting from the barriers to job-hopping decreases the labor demand in hi-tech industry.

CREDIT RISK,CORPORATIONS’ QUALITY AND "GROWTH ILLUSION"

CHEN Xiao-hong, HAN Wen-qiang, SHE Jian

2006, (12):  62-67. 

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Debt finance can help SMEs to get the fund,which is good for the growth of SMEs.But the credit risk brought by the debt finance can also influence the SMEs,most of which is latent and unaware.So,some fast growing SMEs depending on the debt finance too much may appear the "Growth illusion",their fast growing is just a flash in the pan.