Notes On Transparency Of Information In Western China

Transparency of Information is a kind of movement status that true information is exchanged effectively between relative participators with minimum barriers, through active and passive machismo, in order to reach the high-efficiency and perfect based on the admitted view of value of the whole society. Renting-turning of Information is some kind of asymmetry of information in Investment market, which was caused deliberately by government administrators through concealing and distorting true information, in contrast to the natural asymmetry of information, in order to get renting interest.Transparency of Information has close relation with asymmetry of information, which was widely researched by economists. These researches in various fields construct Economics of Information. The fields includes many basic issues, such as Signaling Cost, Viceroy Auction, Agenda for Progressive Taxation, Competitive Sealed Tenders.Asymmetry of information causes Adverse Selecting and Moral Hazard, then harm economy by weakening the efficiency, making barrier to trade and deal, increasing the cost of exchanges, bring uncertainty to the participators.The main theory of economics on how to solve the problem of asymmetry of information and realize the transparency of informationis to design some kind of stimulate and restrict mechanism in the principal-agent frame.Transparency of Information also has close relation with the development of Western China at the same time because it is just one of the most important aspects of soft investment atmosphere. Western China needs urgently some break through in soft investment atmosphere and transparency of information because they are all deficient in Western China.The elementary explorations of the break-through can be summarized as followings:1. Design the Transparency Index of the Western China. The index should be constituted by Transparency-Factors and can be maintained by official or non-official organizations. But non-official organizations are strongly suggested2.Transform the warrant organizations of the Western China to active warrant institutions, which can play important role in Transparency of Information3. Introduce international institutions and rules of accounting, auditing and information consulting into the Western China4. Reforme the administration of the western governments constantly in some fields so they can built up their new function -create and maintain the Transparency of Information5. Make use of modern instruments in Western China, such as Internet, to fasten the development of western Transparency of Information. For example, build a credit system of western enterprises or citizens on Internet, and expand the uses of Internet in trades and auctions...