The Political Ecology Analysis Of The Local Government’s Debt Risk

The Audit Commission released its latest audit results of national government debtby the end of2013,it indicates that by the end of June2013, the national localgovernment debt has reached17.9trillion yuan, compared with10.7trillion yuan in2010increased by67.3%. There are a number of local government debts had reached tothe international warning line, and the risk of local government debt problem is soserious that test Chinese economic and social security of defense. To monitor localgovernment debt risk, every local government has taken different coping strategies, butthe actual effect of that is not idea because the policy and objectives of control anddefuse local government debt risk in practice has been constrained by politicalenvironment factors. This paper tries to use political ecology theory to examine theChinese local government debt risks in new perspective based on the summary ofexisting research by the experts and scholars in and out of China. Political ecologytheory regards the local government debt as a life unit and the economic, political,cultural and social environment generated by local government debt risk as anenvironmental system of that. Through the ecological, systematical and nonlinearexamining to ecological environment system of the local government debt risk, andanalyzing political ecology and environmental risk factors that generated the politicalecology of local debt could lead to explore the political ecology of risk prevention andcontrol paths.The article is divided into five parts to deep analyze the political ecology reasonswhich leads to local government debt. Firstly, the introduction of existing researchresults and political ecology theory of local government debt risk supervision; Secondly,describing the status of local government debt, and the risk may lead by politicalecology, economy and social-cultural ecology, and to resolve the reality of local government debt risk aspirations; Moreover, thinking deeply to exploremulti-dimensional ecological reasons which result in local government debt risk fromthe economic environment, institutional and cultural environment, and administrativeenvironment perspectives; Then, introduce the United States, Japan and Australia localgovernment debt supervisory experience, and to develop our risk management strategiesbased on their beneficial experiences; Finally, I will try to put forward three paths tosolve local government debt risk, including economical ecology, cultural ecology andadministrative ecology.