Title :
Notice of Retraction
The Development of Virtual Economy Must Rely on Its Native Real Economy - Enlightenment from Crisis in Iceland
Author :
Feng Dengyan ; Zhang Quanhui
Author_Institution :
Economic & Trade Dept., Zhengzhou Inst. of Aeronaut. Ind. Manage., Zhengzhou, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE\´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Virtual economy is a "double edge sword", it can promote the real economy development and it also can bring negative impact even devastating damage to the real economy. The virtual economy of Iceland developed so fast and large, but it was short of the support of the real economy which was the main reason for the crisis happened. We can get some inspiration from Iceland crisis: to develop the virtual economy must rely on the native real economy; virtual economy must maintain an appropriate proportion with the real economy; financial liberalization and financial innovation must be effectively controlled.
Keywords :
financial management; virtual enterprises; Iceland crisis; financial innovation; financial liberalization; native real economy; virtual economy; Aerospace industry; Crisis management; Gold; Industrial economics; Large-scale systems; Production; Proportional control; Silver; Technological innovation; Virtual prototyping;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
DOI :
10.1109/ICMSS.2009.5305602
