A Universally Beneficial and Inclusive Economic Globalization:Connotations,Logical Basis and Contemporary Relevance

The world is undergoing seismic upheavals unseen in a century.Globalization faces complex challenges and attacks from the political forces advocating reverse globalization and deglobalization.Pessimistic arguments such as“the end of globalization”1 and“global trade fragmentation”2 keep rising.The open world economy is at a crossroads.

The Transformation of Economic Globalization and China’s Role in It Under Profound Changes Unseen in a Century

The world economy prospers when it is open,but declines when it is closed.Since the end of the cold war,economic globalization has developed rapidly,forming a new global development pattern that features intertwined interests of countries all over the world.The report to the 20th National Congress of CPC pointed out that at present,changes in the world,times and history are unfolding in a way unseen in the past.

Does Financial Globalization Discipline Macroeconomic Policies

Using the unbalanced panel data of 160 countries from 1970 to 2007,we employ inflation and the budget deficit as proxies for monetary policy and fiscal policy,respectively,and study whether financial globalization has discipline effects on these macroeconomic policies.The empirical results in our study suggest a significant discipline effect of financial globalization on monetary policy during the entire sample period,which is robust both to de jure and to de facto measures of financial openness.Our sub-sample investigations demonstrate that financial globalization reduces inflation only in higher-middle-income and high-income countries,and when financial globalization is scaled by the proportion of a country’s foreign assets and liabilities to its GDP,the discipline is evident only after 1988.Nevertheless,we do not demonstrate any evidence of financial globalization’s discipline effect on fiscal policy.The empirical results indicate that financial globalization even increases the budget deficit in certain countries and periods.

Global Supply Chain Governance and the Future of Globalization

Over the past 30 years or so,globalization has been underpinned by ever-evolving supply chains.The heightened attention to supply chain issues in recent years has been due to a series of global events in the world that have had a significant and profound impact.Factors such as the COVID pandemic,the Ukraine Crisis and increased geopolitical tensions have led to supply chain crises globally or regionally.

Globalization Holds Great Potential for Further Development

Recently,the DHL Global Connectedness Report 2024was released.The annual report analyzes the state and trajectory of globalization by tracking how flows of trade,capital,information,and people move around the world.This edition was based on almost nine million data points and ranked the connectedness of 181 countries,accounting for 99.7%of the world's gross domestic product and 98.7%of its population.

Context-Based AI Translation From a Globalization Perspective:A Case Study of ChatGPT

The trend of globalization has brought new requirements to existing translation industry.Need for flexibility calls for contextualized translation that can be applied to various scenarios.This is an exploratory case study of ChatGPT,aiming at discovering potential of artificial intelligence(AI)translation tools.ChatGPT is compared with machine-aided translation tools like Google Translate,Microsoft Translate,Youdao Translate,and Baidu Translate.Data were collected based on accuracy of terminologies in the fields of economy,politics,and arts.This study found that ChatGPT translation has more contextual understanding that makes the generative translation more accurate and more relevant to specific fields.This study also analyzes its economic and cultural benefits to the process of globalization.

Examining the Trends and Influencing Factors of International Trade in the Era of New Economic Globalization

In the context of the new era of economic globalization,the development of international trade holds immense significance in fostering global economic recovery and advancing the process of global economic integration.Against this backdrop,aspects such as trade liberalization,digital trade,trade in services,and the influence of multinational companies are becoming increasingly prominent.Concurrently,factors encompassing economic,political,technological,and environmental considerations,as well as regional economic integration,will exert influence on the trajectory of international trade development.This paper aims to comprehensively explore the development trends of international trade and the myriad influencing factors within the framework of the new economic globalization.

Globalization and Glocalization in the History of Chinese Medicine

The globalization of Chinese medicine, forged through successive waves of migration, cultural exchanges, and economic imperatives, constitutes a nuanced and intricate process with historical roots extending over millennia. It stands as the culmination of interconnected historical events that reverberated beyond the confines of China, emerging as a phenomenon characterized by the adjustment of Chinese medical theories, clinical practices, and materia medica to indigenous customs and healthcare traditions prevalent in both proximate and distant regions. In these glocalized processes, the global and the local intersect and mix. The frameworks of globalization and glocalization allow a critical interpretation of the many hybridizations that have shaped overseas Chinese medicine's history and present.

New Opportunities for the Development of Regional Architectural Culture in the Process of Globalization

Combining with the new understanding of "globalization" and "regionality",increasingly prominent conflicts between the two are elaborated,right attitude towards the conflicts and fundamental solutions are proposed to settle the conflicts,so as to clarify new opportunities for the development of regional architectural culture in the process of globalization.

Economic Globalization: An Irresistible Trend Despite Imperfections

The world is entering into a new era of economic globalization. Realizing the benefits of globalization depends on a host of realistic conditions including technology and infrastructure, geopolitical pattern and the structure of market power, and international institutional arrangements, i.e., the global governance structure, among others. In this new era of economic globalization, international competition boils down to the ＂good governance＂ of countries rather than the use of force and hegemonism. Most importantly, a country must promote the vibrancy of innovation in order to stay competitive and creative. In this sense, China＇s position in the new era of economic globalization hinges upon its transition from being the ＂leader of world economic growth＂ to being a future ＂leader of good governance and vibrancy. ＂ Interests of various economies become interlocked, intertwined and overlap. Despite the inevitability of conflicts and frictions, more inclusive and balanced global development serves the interests of most nations. For great powers with extended boundaries of interests across the world, the maintenance of the new balance of power in economic globalization is consistent with their respective national interests. Hence, in the new era of economic globalization characterized by the inevitability of intricate interests and inevitable conflicts, the world is likely to be more peaceful, competitive and inclusive than any previous age of economic globalization.

Globalization and Foreign Language Education at a Chinese University

This essay begins with a brief introduction to the changes in foreign language education policy and the main motives for those changes in the context of socio-political circumstances. It then examines the development of language education system in a new college of a university in China over a period of ten years in relation to the issue of internationalization and globalization.The study shows that the language education system of the new college has developed in parallel with the recently-emerged trends in language education in China. Finally,it seeks to interpret these trends in terms of global,national,regional forces that currently drive it forwards.

Globalization of English and Teaching EIL in China

The globalization of English has led to the internationalization and localization of the language.English varieties with multi-cultures emerged.In this English as an international language(EIL) context,English learners are not inextricably tied to native norms and cultures,instead,they can use their own varieties which reflect their own cultures and project their own identities.Providing a descriptive account of the general trends of English language teaching(ELT) in China in the last few decades,this paper tries to explore whether the rapid globalization of English has had any impact on policy and practice on EIL in our country,and changes of peoples' perceptions which accompany the shift from EFL to EIL will also be addressed.

English Pronunciation Teaching at College with the Globalization and Nativization of English

Influenced by the trend of globalization and nativization of English,the dominant status of native speakers in English language teaching have been challenged. T he nativeness principle has been shifted to the intelligibility principle,w hich guides the selection of pronunciation models in the college English classrooms.Although it is still inappropriate to thoroughly abandon the native speaker model in a short time,teachers need to embrace the new paradigm of intelligibility and then to raise the learners' aw areness of their local value and w ider context.

The Globalization of Traditional Medicines: Perspectives Related to the European Union Regulatory Environment

In the Member States of the European Union (EU), a harmonized legislation on medicinal products has been enforced, which specifically defines herbal medicinal products and traditional herbal medicinal products. The scope was to create a regulatory environment that takes into account the particular characteristics of herbal medicinal products. The harmonization of standards is intended to harmonize assessment and facilitate access to the market in different Member States. The standards defined by the EU herbal monographs of the Committee on Herbal Medicinal Products (HMPC) and the quality requirements laid down in the European Pharmacopoeia represent an excellent model of multinational harmonization of the regulatory environment for herbal and traditional medicines. It has also been demonstrated that this framework is at least partially applicable for herbal and traditional medicines from traditional Chinese medicine (TCM) to gain access to the EU market. Moreover, the HMPC provides specific guidance documents and pilot projects on monographs on the safety and efficacy of Chinese herbal drugs. In the European Pharmacopoeia, the number of quality monographs of herbal drugs with an origin in TCM is continuously growing. These developments indicate that globalization of traditional medicines is an ongoing process. Communication and cooperation between regulators, the scientific community, and interested stakeholders will set the stage for the convergence of diverse regulatory environments. This will contribute to worldwide availability of traditional medicines based on appropriate standards.

China’s Manufacturing Sector,Industrialization and Economic Globalization

By analyzing the development and industrialization of China’s manufacturing industry since reform and opening-up,this paper proposes China has played three roles in economic globalization-as an in-depth participant in specialization of the global manufacturing value chain,as an active facilitator of global inclusive and sustainable industrialization,and as a cooperative innovator in the new industrial revolution.It is significant for comprehensively understanding the role of China in economic globalization.

GLOBALIZATION AND RESPONSE OF LARGE STATED-OWNED ENTERPRISES IN AGRICULTURAL RELATED INDUS-TRIES: COMPANY CASE STUDIES FROM CENTRAL CHINA

By using interview data from three large state-owned enterprises (SOEs) in agriculture related industries, this paper reveals that SOEs in inland area are much slow in response to globalization. Although they pursued some strategies to adjust themselves, they are far behind the position to utilize the opportunities generated by economic globalization. Most of them are still out of the networks of transnational corporations. The strategies they adopted are quite different from SOEs in the coastal area. They overlook the importance of information infrastructure, well-educated personnel, and collaboration with the competitive leaders in their industries. The lagging situation is related to isolated location, traditional culture, and slow progress in enterprise reform. International comparison shows that the case companies did follow the general patterns that globalization promotes extension of company′s networks of linkages but in a rather slow phase. The decision makers should encourage intra-regional linkages between SOEs, between SOEs and private, foreign owned companies, as well as inter-regional linkages among them. The latter appears particularly important given the enlarging gaps between coastal and inland areas.

Globalization of Tourism and Third World Tourism Development——A Political Economy Perspective

Globalization, which is characterized by the escalating mobility of capital, people, ideas and information on a universal scale, has become a sweeping theme in the contemporary world. Tourism and its associated economic activities are evidently not immune to such a wider context of the world economy. In the past one or two decades, a stable increase has been witnessed in international tourist flows, inter-regional and inter-organizational alliances, and foreign direct investment. These trends are especially prevalent in the developing world, largely because of their pristine nature, di- verse culture, inexpensive goods and services, cheap labours, and other resources. However, it has been cautioned by some scholars, especially those from the Third World countries, that tourism is an industry run by and for the rich, more powerful nations and their corresponding multinational corporations. This article, from the perspective of political economy, supplemented with views from development studies, made a normative analysis on the impacts of the glob- alization of tourism on the Third World destination countries. Specifically, these impacts have been detailed in terms of economic, sociocultural, and ecological domains. It was demonstrated that without appropriate planning and manage- ment, the costs of Third World tourism development may accrue to the extent that its benefits are burned out. To avoid this happening, some suggestions have been made.

Opera Translation and Globalization of Chinese Local Culture： A Case Study of Wuxi Opera

Against the background of a rigorous campaign of globalization of Chinese culture, the global dissemination of local operas has drawn attention from the government, art performers, translators and scholars. This paper takes Wuxi Opera, a precious cultural treasure in Jiangsu province, China, for example. We will discuss the difficulties in spreading Wuxi Opera globally and learn the successful globalizing experience from other operas, such as Peking Opera, Kunqu Opera and Sichuan Opera. Considering the important status and rich resources of Peking Opera, we will analyze Peking Opera thoroughly and the most important aspects of Sichuan Opera and Kunqu Opera. By analyzing their translations and globalization process, we believe that Wuxi Opera should make efforts especially in four aspects to make progress in its globalizing campaign.