| At the entrance of the 21st century, Chinese economy is facing more open competition circumstance. globlized economy and knowledgenized challenge In drastic market competition,the questions of capital .technology, management and elits weave a curb which holds back the updating of industrial structure of our country. It is proved that the development of our economy is dosely related to world and its technology and management brought forth by capital. The utilization of foreign capital can promote the development of our econmy in such aspects as the adjustment of structure, industrial updating etc.Combining the west related theory of developing economics the paper probes the modern typed gap which occurs in our country todey.The paper also proposes the idea of importing FDI which comes from the analyses of problems and experiences occurred in the course of absorbing foreign capital.The first chapter studies the question of capital gap of our country on the bas is of double gap theory.According to the double gap theory, I-S=M-X,but the both sides aren't equal sometimes because of the independent changes of investrnent. Saving. import and export, so the two gaps of saving and foreign change are unavoidable. Developing countries must attract foreign capital in order to develop their economy.According to statistic information,the saving surpluses the investment every year in our country, and the reservation of foreign exchange is up to 160 billion dollers .so the gaps of saving and foreign exchange do not exist, According to the theory of double gaps, the net foreign exchange flow seams not to exist without great balance of foreign exchange. In fact, our country has been importing FDI greatly. Apparently, it is the rapid development of economy that brings in great demand of investment, and potential market and the good foreign capital policy that attracts foreign merchants.The surplus saving can't be transformed into investment effectively because of the unsmooth course of investment which lies in two aspects :one is that the increase of capital of banks is slower then its debts; the other is that enterprises have no desire for investment because of unpromising market. So it leads to the spare of capital.One of the major reasons for us to import still more foreign capital with a lot of idol funds in hand lies in the fact that we are lacking the motive for economic de in techogdogy and management The second chapter probes the modern typed gap, which stands in the way of our economic development. Economic develop ment includes many factors as follows: the economic growth, the change of economy structure, etc.The increase of economy can promote the development of the economy. In order to emphases the important role of capital accumulation and technology, the author introduces two models.Mordern economy develops by virtue of scientific technology, capital and the management mechanism ,But they are just the mordern typed gap that we must face; namely, the gaps of technology and management ,Our technology lags behind not because we have no money but because the use of capital is unefficient. It is the constraints of system and thoughts that bring about the management gapIn our country, the technology which lags behind limits the development of the economy; capital shortage restrains the progress of technology; lower efficience limits the multiplication of capital, old system restricts the efficiency of capital If we want to break through these constrains, the introduction of FDI is necessary for FDI is the most important short-cut of economic development in developing countries.The third chapter puts on emphasis on the benefit and coot, which come from the importing of FDI.The utilizations of capital is mutual between foreign countries and ours during this 20 years, In this process, only the "two winners" can keep sustainable mutual development.Since the first enterprise of foreign merchant was admitted, the scale of FDI has been constantly enlarged. The great achievements of utiliza... |
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