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 suc...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.展开更多
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 tha...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.展开更多
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 i...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.展开更多
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.Th...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.展开更多
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...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.展开更多
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 mille...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.展开更多
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 s...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.展开更多
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....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.展开更多
文摘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.
文摘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.
文摘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.
文摘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.
文摘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.
文摘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.
文摘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.
文摘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.
