【摘要】 资本过剩又称为流动性过剩,是因为缺少有利可图的投资机会而使资本闲置,形成了相对多余的资本。2008年次贷危机后,西方各国出现了全面资本过剩的现象。与以往相比,本次全面资本过剩现象所处的时代背景、人口因素、劳动生产率水平、科技进步程度、相关国家治理能力等都有很大的差异,也给世界经济带来了明显的挑战。它导致资金脱实向虚,经济复苏进程缓慢且曲折;造成社会财富再分配,加深国际国内的矛盾与冲突;推动新一轮科技革命,产业转移升级加速进行;引发贸易保护主义抬头,全球化停滞甚至逆转。面对这些挑战,我国应当通过防范化解国内外风险、深化市场化改革、坚持对外开放等措施来加以应对。更多还原

【Abstract】 The capital surplus,known as excess liquidity,is a kind of relatively redundant capital because the capital is idle due to the lack of profitable investment opportunities. After the subprime mortgage crisis in 2008,there was a phenomenon of overall capital surplus in Western countries. Compared with the past,the background,demographic factors,labor productivity,scientific and technological progress,and related national governance capabilities of this phenomenon are quite different from those of the past. The capital surplus also brings obvious challenges to the world economy. It leads to fund flow from the real economy to the virtual economy. The progress of economic recovery is slow and full of up and downs. It also results in the redistribution of social wealth and the deepening of conflicts at home and abroad. It can promote a new round of scientific and technological revolutions and accelerate industrial transforming and upgrading. It can trigger trade protectionism. Finally it can lead to globalization stagnation and reversion. In the face of these challenges,China should take measures such as defusing domestic and international risks,deepening market-oriented reforms,and persisting in opening up to the outside world to cope with this complicated situation.更多还原