Our assessment of the agenda is confined to the effectsof two policies: removing restrictions on the movement of capital across acountry's borders (so-calledcapital account liberalization);

我们对此“议程”的评估仅限于两项政策的效果：一、消除资本在国家间的流动限制（所谓的资本账户自由化）。

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Capital account liberalization leads to greater capital accumulation, higher employment and technology transfer, but also causes volatility, current capital account deficits and high inflation.

资本账户自由化带来了更大的资本积累，更高的就业和技术转移，但也会导致波动性，目前的资本账户赤字和高通胀。

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Financial Liberalization if not equal to the opening of capital account under the WTO.

WTO下的金融自由化与资本账户的放开并非等同。

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In these circumstances, capital account liberalization looks off the table.

FORBES: China Says Yuan Will Be Fully Convertible Soon

These trial reforms, while still relatively modest, are significant in large part because they show a way forward for capital-account liberalization.

WSJ: Business Asia: The Quietly International Yuan

In the early 1990s, the Asian miracle economies received a large inflow of foreign private capital on account of the financial liberalization they undertook and their economic success.

CNN: VIEWPOINT