风险投资的制度分析

风险投资运作过程中存在委托-代理关系,存在信息不对称.信息不对称带来"逆向选择"和"道德风险"问题.从制度经济学角度考虑,设计一套行之有效的激励和约束机制能够最大限度地减少"逆向选择"和"道德风险"的发生,提高投资市场的运行效率.     

When All Roads Lead to Beijing. Assessing China’s New Silk Road and its Implications for Europe

The Belt and Road, unveiled by President Xi Jinping in late 2013, is China’s most ambitious geo-economic and foreign policy initiative in decades, combining a land-based Silk Road Economic Belt and a sea-based 21st Century Maritime Silk Road which connect China to Europe. With this grandiose initiative, Beijing seeks to tackle industrial overcapacity at home and acquire political influence abroad through investment. Sitting at the end-point of the maritime Silk Road, Southeast Europe and the Mediterranean have been the main focus of investment in infrastructure projects so far. If managed successfully by both sides, China’s Belt and Road could be a great opportunity for a European continent that is still struggling to recover from the crisis. What is urgently needed in Europe is a comprehensive response to China’s new initiative, with the focus not only on the economy and trade, but also on the monetary and financial aspects of the Belt and Road, including discussion of the political and security implications of Beijing’s inroads into Europe and its neighbourhood.     

Political parties and public investments: a comparative analysis of 22 Western democracies

When do political parties push for public investments in education, research, and infrastructure? Existing literature has mainly answered this question by pointing to parties’ state?market ideology. In contrast, this article presents a novel argument highlighting the role of parties’ aspirations to office and their ambitions to maximize votes. It builds on the idea that investments not only constitute redistributive tools for politicians, but also work as public means to foster economic growth in the long run. This unique feature makes investments attractive for parties with high office and vote aspirations, because they anticipate government responsibility in the future and can use investments’ dispersed growth effects to appeal broadly to a large, heterogeneous pool of voters. Support for this claim is found through time-series cross-sectional analyses of party manifestos from 22 Western democracies between 1947 and 2013. Results also indicate that parties’ positions on the second social value dimension matter.     

国家经济安全与外国投资法律问题

国家经济安全问题产生的原因在于经济规模的扩大、世界经济全球化和区域经济一体化。发达国家的经济保护措施等。外国投资①会产生产业控制、市场侵占、资源争夺等危害,也会带来增强国内企业实力、促进市场合理竞争、缓解就业问题等好处,因此应当针对本国经济的主要矛盾,因时因势地决定外资政策。我国现行外资立法存在着缺乏统一政策制定和协调部门,外资投向的产业政策不明、竞争法不完善等问题,应当采取一系列立法措施加以解决。     

Green economy,Scandinavian investments and agricultural modernization in Tanzania

‘Green economy’ is a broad concept open to different interpretations, definitions and practices ranging from the greening of current neoliberal economies to radical transformations of these economies. In Africa, one emerging and powerful idea in the implementation of the green economy seems to be to use a green agenda to further strengthen development as modernization through capital-intensive land investments. This has again reinvigorated old debates about large-scale versus smallholder agriculture. Influential actors justify large-scale ‘green’ investments by the urgency for economic development as well as to offset carbon emissions and other environmental impacts. In this contribution, we discuss the case of the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) to give examples of how the green economy may materialize in Africa. SAGCOT is presented by the Tanzanian government as well as investors and donors as a leading African example of an ‘investment blueprint’ and as a laboratory to test green growth combining profitable farming with the safeguard of ecosystem services. In particular, we discuss three Scandinavian investments within SAGCOT, their social implications and their discursive representations through the public debates that these investments have generated in Scandinavia.