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Abstract High cost is a relative concept and it is different according to the difference of the principal objects. From a macro cycle perspective, the proportion change of cost and income is variable with the economic fluctuations and thus regulating the direction of the fluctuations. In open systems, costs are both influenced by the increase of the factor price, but also by the change of price level and the exchange rate. More important is that after the catching-up countries reaching a certain level of economic development, they will encounter huge differences between income and price elasticity from the non-homogeneous products based on the technology gap. Not only the market space will be pressed, but also a lot of effective demand will be transferred abroad, leading to the continuous increase of the cost proportion in the business income. The emergence of the "Lewis turning point" is not the most important reason for our country’s enterprises encountering high costs, but the results that the economy has developed to a certain level, together with the inflation and exchange rate appreciation, the income (cost) growth measured in U.S. dollars is far faster than the real economic growth, resulting in the continuous shrinking of our market of industries with comparative advantage due to the strong competition of the more backward countries; and the pursuit of quality life leads to a lot of effective demand shifting outwards. This process is irreversible for quite some time.
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Received: 10 October 2012
Published: 15 July 2013
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Corresponding Authors:
YANG Wenjin
E-mail: nkjwy12@126.com
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2013, Vol. 
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