Ulawulo State of umsebenzi investment: ingxaki internalization

State ukuze sabe izibonelelo kuqoqosho, hayi nje kuphela ngenxa yokungenelela ngqo kwi amalinge-mali kunye nenkxaso-mali kumashishini, kodwa ngokungathanga ngqo, ngenxa ulawulo karhulumente lwemisebenzi yotyalo-mali, sanctioning sanctions ingqeqesho mali kwamashishini ukuya mali kunye iikontraka. Asakhulayo kunye nemiqobo mali ethambileyo ezamahala, ukusa kumkhamo othile, imfuno kwiinkampani ukutsala ngezimali ukususela kwiinkqubo zezimali. Endaweni yoko, kukho ukwabiwa kwezibonelelo kwicandelo yokwenene namashishini inzuzo kunye namashishini ukuba engeluncedo lwanto wabumba, "uqoqosho yenyani" - inkqubo apho inkxaso karhulumente le yomsebenzi mali phantse baphulukana nemvo kwezoqoqosho.

Ukungagqibeki zinakho sijongwa njengenye yezinto ezibalulekileyo imithombo ngezimali kumashishini, kuyo nayiphi na imeko, umlinganiselo kungagqitywanga kwi GDP kunokuba izihlandlo ezininzi ngaphezu isabelo-mboleko yebhanki. Ngemali ngale ndlela kumashishini, nokuba naluphi na uhlobo yemithetho karhulumente yomsebenzi mali azichatshazelwa imfuneko batshintshelwe amagunya umntu ogunyazisiweyo. Ngenxa yoko - kukho ulawulo internalized.

Phantsi kwale mvelaphi, ulawulo imeko yomgangatho lwemisebenzi yotyalo-mali, iinkqubo khangela esebenzayo zenzeka kunye irenti-ukufuna, ukusebenzisa asethi, ukuthunyelwa kwemali, ukwanda Asmal, loshishino kunye nabasemagunyeni. Ngaphezu koko, ukunqongophala komgaqo-nkqubo esebenzayo noshowo karhulumente, uzama ukubuyisela wasindiswa urhulumente ukwabiwa kwezibonelelo, kukhokelela ekubeni nzulu ukungalingani kumaziko kwezoqoqosho kunye nokwandisa bokuqhelaniswa kwayo ekrwada.

Esi sakhiwo imali ethile kunye nemiqobo mali soft amisele internalization yolawulo. Isizathu sokuba uzinzo lweengxaki mali ethambileyo, kwakunye ungenelelo ngoncedo kurhulumente nokunikezelwa kwezibonelelo zotyalo-mali, lo intsebenziswano yezopolitiko phakathi karhulumente kunye necandelo loshishino. Kulo mzekelo, ngaba bekungayi kuba echanekileyo ngokupheleleyo ukunciphisa eli inkqubo ibe kwiinkokheli zoshishino izicelo, efuna ukutshintsha ulawulo karhulumente le yemisebenzi yotyalo-mali kwaye kumda wesangqa yayo.

Akukho indawo ebaluleke kakhulu apha kwaye umsebenzi yezopolitiko abasebenzi irenki ifayile asaqalayo angawabantu kangaka ibakhusela zabo lwezakhono zoluntu. Ukusa kumlinganiselo othile, le meko liwela kwinkcazelo "emgibeni kwamaziko" Imvume V. M. Polterovichem, apho ngumgibe yamaziko wayiqonda ulawulo angasebenzi okanye indlela yokuziphatha arhente loqoqosho, uzinzile, nangona kukho ezinye zokuziphatha kakuhle ngakumbi. Stability namazinga okungafanelekanga kukhokelela neendleko eziphezulu lenguqu ukuya kwenye umyinge okanye inguqu iindleko, nto leyo ezikhawulezileyo nokufunyenweyo afunyenwe ngenxa yenguqu.

Eneneni, ngokwemiqathango omkhulu ukungalingani kumaziko kwezoqoqosho, xa lingekho inkqubo eziphuhlileyo ukubhankisha stock kakuhle kwimarike, ulawulo karhulumente umsebenzi investment kunye nendima yayo nokunikezelwa kwezibonelelo zemali kwakunjalo imidla sesininzi iinkampani post-eSoviet. Abunjwe ubukhulu becala ngenxa ifuthe lazo kwi inkqubo yezopolitiko, inkqubo ngemali kwaye, ngenxa yoko, ulawulo mveliso mveliso uzinzile ngokwaneleyo, yaye namhlanje, bonwabile kakhulu kunye namashishini kwicandelo yokwenene, amaziko ezemali kunye noorhulumente.

Iinzame ukuguqula iindlela zolawulo corporate bodwa evela utshintsho lwesakhiwo kunye utshintsho kumaziko ziye zakhokelela ukuyilwa kakuhle, kodwa imali ngokufanelekileyo oluzinzileyo ulawulo loshishino. Bakha internalization-mali, nto leyo ekhokelela internalization yolawulo, okt. E. iinkampani ngokuzimeleyo awakho kubatyali-mali bamanye amazwe.

Ukuze ukutshintsha imeko yolawulo kufuna umgaqo-nkqubo esebenzayo lwezakhiwo, ukususwa miqobo intshukumo kwabasebenzi ngaphakathi kuqoqosho kazwelonke, isandi nkqubo loluntu, ulawulo olusebenzayo embindini phezu ukuphunyezwa iinguqu kunye nokuphunyezwa ngezenzo zomthetho, ukulwa urhwaphilizo kunye nazo zonke-ngeenxa zonke uncedo kuphuhliso iinkampani ezintsha.