Tuesday, June 3, 2008

European and Asian regional financial cooperation Thoughts

First, financial cooperation in the Eurasian region the reality of the significance Economic globalization and regional economic integration and international financial and economic world today is the mainstream of economic development. Regional financial cooperation in the Eurasian region-building, national implementation of financial interaction, complementary advantages, speed up financial innovation, improve the financial ecology, and enhance overall competitiveness of the financial, there is a profound practical significance. 1, the effective integration of the region's financial resources. European and Asian countries, particularly China and Russia have abundant financial resources, through the implementation of a reasonable division of labor within the region, the effective integration of regional financial resources, will have a tremendous economic effects. 2, can accelerate the pace of financial innovation. China, Russia's relatively developed financial sector, the total financial and financial technology in the countries of the Eurasian region are in a leading position, the countries of the region through financial cooperation, promote financial innovation to accelerate the pace of upgrading the level of national financial services and financial overall competitiveness Force. 3, can improve the efficiency of the allocation of financial resources. At present, cooperation within the Eurasian region has been related to infrastructure, industrial investment, commerce and trade, agriculture, tourism, labor, science, education, culture, public health immunization, environmental protection, and other fields, the implementation of cooperation projects can not be separated from the end and the supply of funds Support, if effective cross-border financial cooperation, we can ensure that Central Asia, the Eurasian countries of credit funds, insurance funds, investment funds horizontal rational flow. 4, to promote world economic and financial integration process. At present, East Asia, Central Asia, Europe and Asia within the framework of regional cooperation and sub-regional cooperation is also increasing, while countries in order to improve their international competitiveness must ensure that the factors of production and the rational flow of resources, while also docking EU, ASEAN regional cooperation And enhance regional financial resource allocation efficiency and the level of opening up and maintaining the economic prosperity of all countries, there is a profound practical significance. Second, financial cooperation in the Eurasian region the feasibility of Financial and economic internationalization of the last century as early as the 1970s had Luduan Ni, the further development of the 1980s to the 1990s evolved into a general trend sweeping across the world. Despite several financial turmoil of the financial economy by the international objection, but the financial and economic internationalization is the world's economic development has become an inevitable result of consensus. Both the North American economic free trade zone, or "EU", have fully demonstrated the ASEAN regional cooperation in the development of good posture. From the EU, NAFTA and ASEAN and other international regional cooperation on the success of the experience of regional financial cooperation should meet three conditions: First, cooperation in the region adjacent to each other, and a "leading" the financial status of a core area Attractive enough, radiation and growth in the second is the economic and financial development between regions has a gradient of resources complement each other third is to be a sharing of benefits, win-win outcome of the symbiotic type coordination mechanism. At this point, the Eurasian region compared to other regional economies, has obvious possibility.

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