中国与东亚区域经济的合作——基于外部性理论分析-cooperation between china and east asian regional economy an analysis based on externality theory.docxVIP

II- II -II - II Abstract Externality theory as an important concept in economics is to analyze a countrys economic actors within the transactions between the costs. Because development of economic globalization. Especially after joining WTO, China has come into the world economy, Chinas participation in the world economy increases the transaction costs and economic risks; participation in regional economic cooperation is an inevitable choice for China. Externalities are the main contents of public economics, is a so-called external actors of the additional revenue or additional losses. The externality can be divided into positive externalities and negative externalities. At present, how to solve the externality problem including three methods: One is the externality problem internalization; The second is Pigou who proposes the compensation mechanism which lets the government intervene, named “Pigou Tax”; The third is Coase proposes “Coarse Theorem”, he believed, the government intervenes not necessarily is most effective, the government should avoid directly carrying on the ruling as far as possible to the externalities, the most important choice should provide externalities the law and the system rule, to clear about the property right, to reduce the transaction cost, to create the condition of the market mechanism normal operation. No matter what kind of solution, to solve the problem of externality should be based on the principle of choosing the most favorable institutional arrangements. This text extends the externality theory to political externality and international externality, to put the externality theory of regional economic cooperation, from the perspective of the externality theory to analyze Chinas participation in regional economic cooperation in East Asia bringing the positive externalities and bearing the negative externalities. According to the analysis of externalities, the government will also have externality behavior, that is, outside of poli