主权债务、融资能力与国家兴衰——应对全球债务格局之变

发布时间：2018-04-25 16:31

本文选题：主权债务 + 融资能力　；参考：《欧洲研究》2014年01期

【摘要】：主权债务不只是政府管理宏观经济的一种"中性"政策工具,在历史上,它起源于"国家间政治",本质上所体现和承载的是对一个国家长期稳定与繁荣具有决定性意义的融资能力——大规模、低成本和可持续地吸引全球资本。这种能力关乎每个国家的兴衰存亡,任何国家都会竭尽全力去维护自己的这一能力不受损害和侵蚀,因此,融资能力具有"排他性"和"竞争性"。作为一国融资能力最为重要的载体,主权债务也就不可避免地成为大国间权力博弈的重要领域。当今全球主权债务格局正在发生根本性的变革,西方发达国家债台高筑,成为债务国;而以中国为代表的新兴经济体则积累了巨额的西方发达国家的债权,成为债权国。应对全球主权债务格局之变所带来的挑战,是中国对外战略所要面对的严峻考验。
[Abstract]:Sovereign debt is not just a "neutral" policy tool for government macroeconomic management. It originates from "inter-state politics" and essentially embodies and carries the financing capacity that is decisive for a country's long-term stability and prosperity-large-scale, low-cost and sustainable attraction of global capital. This ability is vital to the rise and fall of every country, and any country will do its utmost to protect itself from damage and erosion. Therefore, the financing capacity is "exclusive" and "competitive". As the most important carrier of a country's financing ability, sovereign debt inevitably becomes an important field of power game among great powers. Nowadays, the global sovereign debt pattern is undergoing a fundamental change, with the western developed countries becoming debtor countries, and the emerging economies, represented by China, accumulating huge debts of the western developed countries and becoming creditor countries. Coping with the challenges posed by the changing global sovereign debt pattern is a severe test for China's foreign strategy.
【作者单位】：国务院发展研究中心世界发展研究所;中共中央党校国际战略研究所;
【分类号】：F811.5

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