Virtual Economy And Economic Crisis

From 1980s, the economic globalization developed much faster, the world economic pattern changed tremendously. Under the new historic conditions, developed capitalism countries have economic crisis seldom; on the other hand, financial crises broke out frequently around the world. The financial crisis, which burst out in U.S. from 2007, recommends the Marxist Theory of Economic Crisis to be the hotspot in economic research.Based on the previous research, this study redefines the conceptions of economic crisis and financial crisis, and ascertains their interactions from the view of virtual economy. Demonstrating some developed capitalism countries utilized their dominant position in the world economy, expanded their virtual economy consciously. Their guile led the world finance at a high risk level, and resulted in financial crises erupted frequently.The key points of this dissertation are following:First, a detailed review from all previous theories and studies in the world, relating with Marxist Theory of Virtual Capital, redefining the virtual capital and connotations of virtual economy, discriminating the logic illation and operational flow of virtual economy.Second, a historic note is made by comparing all the progresses of economic crises and financial crises in the passed hundreds years, illustrating the evolutionary path of economic crisis, expanding the connotation of Marxist Theory of Economic Crisis. And the result shows, following the economic globalization and economic virtualization, economic crises can be differentiated by occurring in different sections, and indicates the financial crises are the economic crisis which occurred from virtual economy section.Third, analysis by synthesis are doing on economic globalization's conception, performances, causation and impacts, and in the meantime, economic globalization is proved to be the root of change from real economic crises to financial crises. Furthermore, virtual economies over expanding are the reason of financial crises burst in some developed capitalism countries.Finally, revaluate China's present status in the world economy from manufacturing, foreign trade and the finance; forecast how current U.S. financial crisis impacts our society; besides give out some suggestions to keep continuable development facing the trends of economic globalization and virtualization.