A Study Of Fictitious Economy In Economical Globalization

The fictitious economy is quite a new topic. Its growing strong brings new chanllenge for the traditional economy.The so-called fictitious economy is a concept corresponding . Fictitious economy is the inevitable result of the development of the relationsh between commodity and money, and is the build-in attribute of money assets, whose characteristic mode of motion determines its important significance in modern economy and society. The fundamental characteristic of fictitious economy lies in that it is the value movement system which is based on real economy. Its development is the process which the contradiction existed in capital become external. At the same time, fictitious economy is an important mechanism and measure which help to expand real economy, and its development reflect that the material product and transaction are developing from low to high stage. The paper compares the definition of fictitious capital and fictitious economy, concludes that fictitious capital, financial capital and fictitious capital are different concepts, while the meaning of fictitious economy monetary economy and bubble economy shall not be misunderstood. The development has a positive impact to real economy, it is doubtful to take the real economy and fictitious economy as contradiction on the presumption that the booming of fictitious economy is an upside-down pyramid to the real economy. The fictitiousization is a normal phenomenon in economic development.When fictitious capital corresponds with real capital, they complement each other simultaneously and therefore promote economic development, whereas when theymove in reverse to a certain degree, they block each other and therefore develop into bubble economy, and finally result in economic crisis.The world economy has been to be fictitious since 1980s. With development of the economical globalization and information technique, the proportion of Fictitious assets such as valuable bond in GDP is more and more big, and the speed of increase is more and more quick. At the same time, fictitious capital constitute the big part of the property, market system improved more perfectly, trade of fictitious assets is quite proportior in the international market system it has more exceeded the trade of the real object merchandises. These all express that at the base of Real economy that is main part of the real object commodity exchange, fictitious economy that is main contents of the fictitious assets has come into being. With deepening of economic system reform in our country, when market economy has grown fast, fictitious economy also has emerged from it, and the growth of fictitious economy is in the ascendant. Fictitious economy is adouble-edged sword it stirs easily up the foam and turn into bubble economy under the certain terms, and brings about the financial crisis, and result in grave damage to the real economy, while it promotes the development of real economy. Under this background, we need research the relationship among fictitious economy, real economy and bubble economy.When fictitious capital corresponds with real capital, they complement each other simultaneously and therefore promote economic development, whereas when theymove in reverse to a certain degree, they block each other and therefore develop into bubble economy, and finally result in economic crisis. It is of extreme significance to the present economic development to determine proportional scale between fictitious and real capitals and to properly manage fictitious capital market.Speculation and expectation are primary cause of the bubble economy in the fictitious economy. With the continuous expansion of financial asset, they are easily evolved into the pure speculative capital. If the price of some asset is soaring according to expectation, speculative capital is immediately magnetized. Due to its great vastness, self-fulfilling expectation effect totally occurs. Meanwhile, these factors are negligible during the formation of bubble economy, such as mechanism and system.This thesis makes the research to the essential problem of fictitious economy on the foundation of domestic and foreign research to fictitious economy.I tried to research fictitious economy under the background of economical globalization, and wanted to expounds connotation and characteristic and inside living the evolutional mechanism of fictitious economy from the foundation level in this thesis.