汉译英!谢谢~~~~~~~

来源:百度知道 编辑:UC知道 时间:2024/05/27 04:34:18
2.两种汇率制度在大国与小国之间的比较
在我们分析汇率制度对FDI的影响之时,还必须考虑不同国家的规模与背景。最简单的比方,诸如中国和菲律宾两种类型的国家,市场规模不一,即便是同一种汇率制度,其影响程度也应该是不一样的。所以,在我们的分析之中,分大国情形与小国情形来分别讨论。

(1)大国情形:以中、美为例。

在一个开放的大国经济中,不管是实行固定汇率制度还是实行浮动汇率制度,它都可以很好的吸引FDI,也就是说,大国经济所执行的汇率制度对FDI的影响相对较小。例如,像中国这样的大国经济,其巨大的市场潜力可以抵消汇率波动对FDI的不利影响。对于中国这种规模的市场而言,海外投资者在中国生产的产品可以直接在国内销售,而不需出口,可以避免了由于汇率波动带来的双重损失。
反观美国,作为一个浮动汇率制度国家,其内流的FDI在1993-1999年一直呈上升趋势,而这一时期,美元汇率也一直呈上涨趋势,2002年以来,FDI快速下滑,这与同期美元汇率下跌也紧密相关。显然,汇率制度对FDI的影响相对较小,更多可能是汇率涨跌趋势对FDI的影响。

2. Two types of exchange rate system in the big and small countries a comparison between
Exchange rate system in our analysis of the effects of FDI, one must also consider the size of different countries and backgrounds. For example, the simplest, such as China and the Philippines, two types of countries, different size of the market, even with an exchange rate system, the extent of their influence should be different. Therefore, in our analysis, sub-major powers and small countries where the respective cases to the discussion.
(1) big country circumstances: to China, the United States as an example.
In an open economy, the great powers, whether fixed or floating exchange rate system, exchange rate system, it can be very good to attract FDI, in other words, the country's economy by the implementation of the exchange rate system, the impact of FDI is relatively small. For example, such as China's largest economy, and its huge market potential can be offset by e