Research On The Basic Characteristics And Guard Against Contemporary International Financial Crisis

Marx believed that as long as capitalism exists, the economic crisis is inevitable. Theeconomic crisis and currency crisis are rooted in the inherent contradictions of the capitalistmode of production, namely, the production of conflict between the possession in the form ofsocialization and the cost of production of capitalism. This contradiction is also the rootwhich will cause the capitalism to decline and disappear finally. Although Marx did notanalyze the theory of the financial crisis comprehensively, it is still to adapt to today’ssocial and economic development.In this thesis, the theoretical research and literature analysis summarize the financialcrisis theories of Marx, which becomes the theoretical basis of the new century throughanalyzing several major financial crises. Despite Sismondi and Malthus proposed economiccrisis theory before, their views are wrong, even so, it is still worthwhile for us to refer tosome points they mentioned. Marx’s theory of the financial crisis as the theoretical basis ofthis article runs through the whole thesis. By analyzing the evolution of the1994Mexicanfinancial crisis, the Asian financial crisis in1997and the American crisis in2008, especiallythe international financial crisis and the reasons for the outbreak, the characteristics it can besummed up the characteristics of the contemporary financial crisis.Along with China’s foreign economic development and the footsteps of the Chinesetoward globalization, China is aiming to the gradual expansion to the world. Faced with moreand more financial risks, how to prevent the financial crisis is becoming the major problemChina and the rest of the world are eager to solve. In the last chapter this article focuses on theways China has been taking measures to prevent the financial crisis. The basiccountermeasures from financial innovation, combination between the government and market,participation in the reform of the international finance proposed a method against financialcrisis, which makes the thesis meaning and convincing.