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安庆翻译公司关键字：Of particular note is that in a society where the pursuit of commercial interests, property rights system is not stable enough to be very serious consequences, because people do not seek short-term commercial interests than the pursuit of commercial interests, the greater the damage to the reputation.
Second, the effective trading facilities and information delivery system. In traditional rural society, between people or through the trust mechanism may gossip (Merry, 1984) work. But in modern society is known as "anonymous society", a lot of interaction and transactions between strangers, traditional society when the credibility of the mechanism at work is difficult to play; even between acquaintances, many of the personal information is still for the others know. To compensate for this more serious crisis of confidence caused by asymmetric information, to rely on convenient trading facilities, advanced technology and advanced messaging intermediary organizations. In China, the transportation facilities in a region of trust have a significant impact, especially in densely populated areas and urban areas.
When the trust is 10%, the average transport facilities to add a million kilometers, trust will increase 10% times, that is to 0.11, but note that the trading facilities, information transfer and intermediary organizations, the establishment is not simply a technical problems, largely associated with the social system. If a community has a high information transfer technology, but in the social transmission of information to set a lot of people on the system limits the disclosure of information to go through the hurdles, then the efficiency of information transmission was severely affected or distorted information, such as social , information technology, the role of trust in the formation will be greatly reduced. Similarly, intermediary organizations of their choice if not out of the market, but the government has presided over, then such intermediary organizations may also help to build trust.
Third, the specification of government behavior. This includes three aspects, first, regulate the government's policy. And a similar effect on people's property rights, regulate the acts of the Government to provide a stable policy environment conducive to the formation of a stable of people expected. Second, the specification of government actions including judicial independence and legal constraints on executive power. Knack Keefer (1997) A study of 29 countries that restrict the government's executive power and judicial independence and the national high degree of trust is related to increased restrictions on government power point (up to 7 points), trust degree will increase by 1.5 percentage points; increased level of judicial independence a point (up to 4 points), trust will be increased by 8 percentage points. In fact, the judiciary is a serious interference by the executive power, leading to miscarriage of justice and judicial inefficiency has a serious impact on people's contract behavior (Zhang, Ke Rong Zhu, 2001), resulting in a contract default rates increased by 15. Third, reduce the government's trading activities especially profitable trading activities, because the Government as the main transaction, often a lack of enthusiasm of authenticity which is not conducive to good trust formation. A typical example is the current construction market, the main reason for the confusion is due to the Government as the owner's behavior is not standardized.
Fourth, the more open competition policy and encourage the freedom of private contract activities. Theoretical and empirical studies have shown that prior disclosure of competitive information helps reduce uncertainty in advance, thus contributing to the establishment of trust. Moreover, the significance of open competition is far more than that, it also enables the automatic imposition of penalties for those who are not trustworthy or even be eliminated, while in a closed and monopolistic conditions, this result can not be achieved. Similarly, freedom of contract in the private activities of an active society, trust is often also high, through the people's freedom of choice, the value of trust can often be reflected. And a lack of personal signing a free society, private sector organizations can not be developed, the value of personal reputation is no way reflected.
All in all, trust is the healthy functioning of the market economy the cornerstone, but good is not merely a cultural heritage of trust, and social systems, and it is the level of technological development. Although the Chinese community is considered to be low-trust society, but does not seem to affect Hong Kong, Taiwan and Singapore as the world's most efficient economies in the world, so the key is on the system. All of the system, stable and clear system of property rights is to promote trust formation. Meanwhile, norms and acts of government restrictions, through the convenience of trading technology and trading facilities, and construction and development of more open competition, China's current low trust this phenomenon may be changed.
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