整个东亚经济体都有个世人皆知的毛病——透明度太低。透明度低迫使所有的市场参与者都不得不支付更高的社会交易成本,这将大大降低经济运行效率,而且,透明度低就必然掩盖矛盾、累积风险甚至酝酿危机。 我常常感到苦恼的问题是:为什么东亚经济体的透明度会远低于欧美经济体?其间的差异是肇因于文化传统还是社会 The entire East Asian economy has a well-known problem - the transparency is too low. The low level of transparency compels all market participants to pay higher social transaction costs, which will greatly reduce the efficiency of economic operations. Moreover, the low level of transparency will inevitably mask conflicts, accumulate risks and even create crisis. The question I often feel distressed is: Why East Asian economies will be far less transparent than those in Europe and the United States? Is the difference due to cultural traditions or to society?