经济学文书个人陈述personal statement范文

My  undergraduate studies,  though  far from  enough for  my  long-term purpose,have adequately  prepared me  for advanced  research..  I am  now solidly  grounded in mathematics,  statistics  and basic  theories  of  economics,  all fundamental  subjects  in learning economics. I  have been particularly  interested in Game Theory  and Money & Banking.  To  broaden  vision,  I have  audited,  by  special  arrangement  for  the  gifted students,  graduate  courses   like  Futures  &   Securities  Investment  and  International Marketing, taught  by overseas  professors. Through  these courses,  I have  learned the concepts and theories of Western economics. All this has added to my intellectual depth.

With the vigorous training I received in my undergraduate studies,  I have arrived at some basic  understanding of  the Asian  economy,  on which  I would  like to  focus my graduate studies. I believe that, in spite of the breakneck growth in the 1970s and 80s  of the tiger economies  that gave rise to  the “East Asian Miracle”,  the East Asian countries failed to  build up  sound economic structures.  Their economic  growths were powered more by the injection of tremendous  investments than anything else, which led to what has come to be called the bubble economies. In their rush to achieve grandiose growths targets, they set up only rudimentary systems of control over their financial industries. As a result, too many loans were allowed to be secured on overpriced real estate and stocks. Such a  situation would  result in  grave consequences  if either  the real  estate or stock market collapsed.  When both of  these markets  crashed last year  in one after  another Southeast Asian  country, their  banks’ bad  loans multiplied,  setting off  domino effects across whole  economies throughout the  region. The  devastation was such  that, more than a year after the crisis began, few  people in Asia can see any light at the end of the tunnel today.

The big question in  the Asian crisis is now  on China. In the face  of the Asian crisis,China has  demonstrated remarkable  strength and  courage. Unlike in  most other  East Asian countries, the  economy in China is  still growing, and the  Chinese currency is still stable.  The  difference  is  spelt,  I believe,  by  the  measures  that  China  has  taken  in preventing  the occurrence  of  a  bubble economy.  The  Chinese government  has  not rushed  to  bless  run-away  speculation  on   the  stock  market,  as  some  other  Asian governments seemed to  have done. Foreign  investments, of which China  has received more  than  any  other  country  except  the   US,  have  been  carefully  channeled  into infrastructure projects  and industrial production. This,  along with the  inconvertibility of the Chinese currency on the capital accounts, has prevented the kind of capital flight that has undermined  the financial  systems in  other  Asian countries.  Amazingly, China  has become a powerful stabilizing force in Asian economies, although the country has been faulted by some in the West for not having embraced the free market concept as readily as other  developing countries did.  I think  the stark contrast  between the  success of a somewhat more controlled economy and the failures of the free market economies begs for many questions.