Financial Liberalization On Developed And Developing Countries

Since the 70's of 20 centuries, the west developed countries prosper the nation the widespread promoting an aim to replace in the financial liberalism. At the same time, prompted by the developed countries, the developing countries took the reforms, too. Market reform is popular in the world. The financial liberalism was the most important of the market reforms. It pointed the phenomenon of the financial control (repress), reducing the interference degree by the governmental administration, while the foundation of the establishment market mechanism regulates the function. It includes the local and financialliberalism-- abrogates the controls of the interest rate and credit collocation,and the international financial liberalism-cancellation capital controlexchanges and limitation of the foreign exchange.Whether from the research of the theories field or the fulfillment of the financial liberalism of many counties, financial liberalism is always one handle a two-blade sword with its dual effect: On the one hand, it promote the financial development and then promote the economic development; On the other hand, it turn worse the financial frangibility, may cause financial crisis and even leads to economic crisis.After 1978, since the Third Plenum of the 11th Party Central Committee, China bringing about one reform aiming at traditional planned economies. The reforms are being all-round, progress step by step, China-characteristic market economy orientation forward. More than 20 years' market-orientated reforms turns that the decision made by CPC is astute and greatly, Chinese economy's development gets the whole world people focus attention. Advice from others may help one to overcome one's shortcomings as stones from other hills may serve to polish the jade of this mountain. For this reason, the text is based on the fulfillment and theory of financial liberalism by many counties, I look for the theories a pillar for the reformation that match the Chinese state of the nation toascend with the policy of draw lessons from.The full text is divided into four parts totally:The first part begins from the history background of the financial liberalism, through the practice of financial control by the developed counties and the financial oppression by the developing country (region), to explain the reason of the world-side financial liberalism.The second part is to answer theoretically why many counties practiced financial liberalism with the help by clarify the relations of the financial liberalism, finance development and economy development.The third part: From the fulfillment of the financial liberalism practiced by many countries, we come to a conclusion that the policies financial liberalism reach unanimity: to relax the interest rate control and to reduce the credit plan, to mix management of financial corporation and to choice fluctuated rate of exchange, to take the polices of the free fluxion capital, etc. With release of the financial control and market deepening, the financial liberalism took by developed countries acquired the success mostly; While the developing country changed from the financial depression to the financial restriction, the reform was closely connected with national economy strategy from beginning to end. However a lot of developing countries encountered the impact of the financial crisis. Process is the rub, during the course of financial liberalism, the developing countries cannot but to on guard new-financial supremacy. There is a long way to go to establish one new international financial system. At the same time, the developing counties should find their ways out fall back on financial-restriction according to their actually complexion.In the fourth part cent, I put forward my personal relevant suggestions and made a rough sounded out the strategy of the financial liberalism in our country. I think that we should take the financial liberalism reform progress step by step and advance financial-opening steadily and by stages after we enjoyed by WTO.