| The bad effect that Asian fiancial crisis took on our country is to be reflected in the economic growth pace finally.In the meanwhile, that the economic growth pace in recent years has showed a tendency to fall down also exerts a restrictive influence on the economic growth pace obviously. According to estimation, the effect of both two factors above will cause the economic growth rate to fall down two percent in the future.our country beset with difficuties at home and abroad, to tap the talent power to enlarge domestic demand is the only way to make a continuous and speedy economic growth,moreover, our economy depends on domestic demand."How to explain the Great Depression is not only the contribution to intelligence but also is the key question to deal with the problem which relates to the western modem civilization crisis." (Don Patinkin and J o Clark Leith, 1978). the research on macro-economy in recent years looks closely at not only the Great Depression that took place in capitalistic society in the 1930's, but also the Roosevelt's New Policy that heal the Great Depression, So that new good methods to heal fluctuation of modem economy can be found, which is very important to the realeties we are facing at present. To observe and study, absorb and use for reference the Great Depression, especially the Roosevelt's New Policy which has been regarded generally as the best way to guard against the Great Depression can also give us some important enlightenment in the economy reform that are pushing on and breaking away from the various difficulties we are facing at present.By investigating the fluctuation of the macro-economy's movement in our country, we can find out that the direct reason why the economic growth is lack of power and the deflation has appeared gradually is the declining investment. Making a further research, we can see the essential reason behind is the system. Chinese characteristic investment and financing system is the chief reason.Depending on all above, the writer demonstrates that the realistic way to prevent economy growth falling down and keep it picking up is to enlarge investment in the face of the withering export, low consume desire and nongovernment investment shortages. To enlarge government investment is the short-term way to recover the economy, and it is also the necessary way to enlarge the domestic demand. However, to enlarge government investment is not an aim but a method. the main purpose of government investment is to make the economy prosperity and strengthen people's better anticipation in economy in the future and that nongovernment investment could be awakened and stimulated, so that economy can finally get out of depression, and step on continuous, high quality and speedy growth orbit. In the process of reform which aims at market, how to stimulate the economy growth efficiently demands that growth investment3should meet short-term demand and that the growth investment according with the long-term development should be even more important. therefore, we must avoid the short-term action of government investment, otherwise, it will not take market rules into account, old system will be followed in and construction duplicated will appear one after another or the fields of nongovernment will be occupied so that crowding out will be produced.How to choose the government investment's field, which is to make the multiplier effect of government investment yield well and booming nongovernment investment, is one of the main topics of this article.In the restrictive sense, market economy is a kind of socialization economy, it requires all the social resources be transferred to reach the optimum desposition status by market mechanism, But, in realism, our country's social resources, especially the social funds can't be transferred to investment smoothly. the essential reason is that the investment and financing system is twisted, which makes nongovemment funds enter the investment fields difficutly , such as the high cost and some investment fields th...
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