CAJ | 학술논문

本文详细分析了二十国集团（G20）成员国之间的贸易和证券投资数据。研究表明，中国虽然在国际贸易方面的地位突出．但发达国家之间的经济联系更为紧密。本文根据贸易指标和对外证券投资指标数据构造的经济联系紧密指数显示．19个成员国之间可分为美国集团、欧洲集团、英联邦集团和亚太集团，不同集团内部成员国之间的经济联系不同。外国直接投资和对外直接投资、国际投资头寸数据都进一步验证了发达国家之间的经济联系更强。而数据也表明中国的影响力正在逐渐提升。经验分析表明，中国应根据不同集团的特点．采取不同的措施加强与这些集团之间的经济联系．重点推动亚太集团的发展；同时，加速对外直接投资和证券投资，以及进一步开放国内资本市场等举措，有助于提升中国在G20中的地位。
본문상세분석료이십국집단（G20）성원국지간적무역화증권투자수거。연구표명，중국수연재국제무역방면적지위돌출．단발체국가지간적경제련계경위긴밀。본문근거무역지표화대외증권투자지표수거구조적경제련계긴밀지수현시．19개성원국지간가분위미국집단、구주집단、영련방집단화아태집단，불동집단내부성원국지간적경제련계불동。외국직접투자화대외직접투자、국제투자두촌수거도진일보험증료발체국가지간적경제련계경강。이수거야표명중국적영향력정재축점제승。경험분석표명，중국응근거불동집단적특점．채취불동적조시가강여저사집단지간적경제련계．중점추동아태집단적발전；동시，가속대외직접투자화증권투자，이급진일보개방국내자본시장등거조，유조우제승중국재G20중적지위。
The author analyzes trade and portfolio investment data between and among G20 members. The resuhs indicate that economic relations between and among the developed countries are much closer even if China plays a central role in global trade. The constructed economic relation index based on the same data suggests that these 19 member countries could be divided into 4 groups, which are America group, European group, Commonwealth group and Asia-pacific group, with different economic relations within each group. FDI, ODI and international investment data all verify the stronger economic relations between and among developed countries. Meanwhile, these data also show the increasing power of China. Empirical studies indicate that China should extend the economic relations with different groups, while giving priority to the Asia-pacific group. Certainly, accelerating ODI and overseas portfolio investment, further opening up domestic capital market will promote China＇s role in G20.