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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We should determine the economic life of the intellectual-capital under the condition of taking wasting, development, accumulation and maintenance into account.

应在考虑智力资本的损耗、开发、积累和维护的情况下，确定智力资本的经济寿命期。

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