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.

Economic Globalization 3.0 and the Concept of Interconnection under the Belt and Road Initiative

At present,the third wave of economic globalization is emerging.After the setbacks in Economic Globalization 1.0 and rejuvenation in Economic Globalization 2.0,China's economy is bound to occupy an important international position in the new chapter of Economic Globalization 3.0 and exert profound influence globally.The benefits of globalization cannot be realized without a number of realistic conditions,including the level of technology and infrastructure,geopolitical pattern and market power structure,international institutional arrangements(global governance structure),among others.Under Economic Globalization 3.0,the nature of international competition is good governance,rather than brutal force and hegemony.What matters for China is for it to become an innovative and vibrant country and demonstrate its economic vitality,competitiveness and creativity.Therefore,China's position under Economic Globalization 3.0 depends on its transition from a "world leader of high growth " into a future "world leader of good governance and vibrancy." In the new chapter of Economic Globalization 3.0,the interests of world economies become interwoven and interdependent.Despite unavoidable frictions and disputes,more inclusive and balanced development serves the interests of most countries in the world.For major countries with global interests,maintaining the new balance of power for economic globalization is consistent with their respective national interests.The shared interests of countries promise a more peaceful and interconnected world than ever before.

Economic Globalization and Industrial Pollution

In order to study the relationship between economic globalization and industrial pollution, this paper developed the theoretical framework and used simultaneous equations. The result shows that economic globalization has influences on the industrial pollution mainly by the direct effect of scale, structure and technology as well as the indirect effect of income and policy. Considering all the factors, economic globalization, especially foreign direct investment (FDI), will reduce industrial pollution, in which technology spillover effect plays an important role.

ECONOMIC GLOBALIZATION AND ITS IMPACTS ON URBAN SYSTEM IN CHINA

With the implementation of economic reform and open policy, China has expanded her foreign trade, utilized a lot of foreign investment, and thethere its economy has been increasingly integrated into world economy. Because the coastal region is different in the level of socio-economic development, location and accessibility from inland region, the former has got more opporturuties of development. In the coastal region, the ekisting urban clusters are spreading and new ones are appearing. However, a large floating population, traffic jam, sprawl spread in urban land use and environmental pollution have become serious problems in coastal cities.

Global Economic Scene Vs. Economic Security at the Turn of Century

Financial Power and Its Strategic Significance A financial crisis hit Asia in 1997. It was both a predatory monetary war a-gainst developing nations launched by the hedge funds and a scramble for fi-nancial supremacy among the monopoly capital in America, Western Eu-rope and Japan. Indeed, the term "Asian financial crisis" is a misnomer. It can nolonger faithfully reflect the scope and essence of the financial storm. Over the pasttwo years, financial turmoil has visited upon Russia and Brazil and has shaken theentire capitalist economic system. In this crash, while Asian nations have

World Economic Globalization: Positive Role

By the globalization it means a type of movement process of the world e-conomy at large. It primarily means that the allocation of productive re-sources has transcended the scope of a nation and that 1he optimal of pro-duction factors is realized on a regional and even a global scale. This re-quires all countries to become more open and their economies to becomeincreasingly marketized, thus increasing the degree of mutual

New Global Economic Trends

Assessing the new situation and new issues of the global economy at the turn ofthe century.we feel excitement and anxiety---excitement over the currentworldwide economic dynamism pregnant with a promising future of a"golden age"and anxiety about the raging East Asian financial crisis and some latent economicuncertainties of the world at large.This paper attempts to analyze the new salientfeatures of the global economy and their impact on China involved now in the pro-cess of converging with the global market system.

China＇s Oil Security Issues and Countermeasures in the Context of Economic Globalization

In the context of economic globalization and economic crisis, China＇ s oil security issues are not merely related to energy access and consumption, but also involve many aspects of the political and economic factors which are becoming increasingly complex. In view of this, we should not only need to attach great importance to energy security, making full use of ＂two markets and two resources＂ to take a variety of channels to ensure oil supply diversification, but also should develop oil security strategy from a strategic level, and actively participate in international oil trading system. Furthermore, we should support China＇ s oil enterprises from the political, financial and other aspects, so as to ensure adequate, stable and affordable supply ofoil to meet China＇ s economic construction requirement.

Permanence of Economic Potential of Cities Based on Sector Development

The paper attempts to answer the following key question: how will a city′s world rank change in the face of crisis in its main economic sector? Crisis is defined here as a decline in financial performance in the given sector, which leads to the decline of its constituent firms and corporations on the world economic scene. The World Economic Center Index(WECI) has been created in order to rank cities based on the value of their resident corporations by sector and show their level of stability upon the removal of the most important sector. This provides information on the potential of each analyzed city as well as on its advanced features or area of specialization. Research has shown that nearly half the World Economic Centers are dominated by the financial and materials sectors of the economy. Different sectors dominate different regions of the world. For example, consumer staples and materials were dominant in North America, while information technology and financials were dominant in Europe. In Asia, several sectors tend to dominate the economy. Research has shown that the ability of a principal economic sector to resist economic crisis largely depends on the strength of the command and control function of a city. Finally, a high globalization level of a city is a key determinant of its susceptibility to economic crisis.

Prospects for an Eastward Shift of the Global Economic Center

The rapid growth of Asian economies and their rising share of the global economy give rise to a prevailing view that the global economic center is moving eastward. At least over the next decade, however, Asia is unlikely to become the global economic center. There are multiple reasons .for this. First, insufficient demands from end consumers will make it difficult to reduce Asian economies＇ reliance on other markets for exports. Second, Asian economies＇ continued growth will be constrained both by insufficient innovation and by future global climate change regulations. Because of international labor division, moreover, it will be increasingly difficult to achieve leapfrog development. Third, there are several obstacles to building an integrated Asian market： these will prevent Asian economies .from shaping a common ground regarding international affairs. If Asian countries are unable to make breakthroughs in these three areas, the global economic system may exhibit asymmetrical ＂dual centers＂, i.e, a global manufacturing center in Asia and a global financial center in Europe and America.

The Inner Link Between Economic Globalization and the Formation of American Post-industrial Economy

Economic globalization has a very important impact on the world economic development.The economic globalization,especially after the 1970s,not only promoted the global industry division of labor,but also changed the economic structure of the world.From the perspective of global industrial division,many counties have entered post-industrial process,the United States is a case in point.However,economic globalization is an abstract conception,which it consists of trade liberalization,capital globalization,and production decentralization.Therefore,trade liberalization,capital globalization,and production decentralization are important factors for the formation of the post-industrial economy in the United States.

The Dynamic Centre of the New Global Economic Landscape

Competition used to be a steady,slow-moving phenomenon,dominated by the giant companies of the Western world.Two-thirds of the companies listed on the Fortune Global 500 in the 1960s were still there 15 years later.New competitors were easy to spot because they were well known,

China's Fumiture Industry——How to Deal with Foreign Teehnical Barriers to Trade in the Global Economic Crisis

At present,the global economic crisiscontinues to spread across the world.Theeconomies of all countries are sliding into aslump,trade protectionism is gaining ground,andexport orders have declined substantially for productprocessing and trading enterprises.Chinesefurniture companies are suffering from certainnegative impacts.China,as a large furniture producer,should draw lessons from this global economiccrisis.Furniture companies should enhancetheir capabilities of independent innovation andbrand building,increase product quality,and addvalue.In order to reduce losses from foreign technicalbarriers to trade,relevant departmentsshould strengthen their ability to respond to foreigntechnical regulation,standard,conformity assessment,inspection,and quarantine.Because agreat variety of environmental regulations areemerging endlessly,furniture companies must doa good job of producing green label certificationand actively respond to green trade barriers.

Political Parties' Wisdom and Strength for Global Economic Governance Keynote Speech at "The CPC in Dialogue with the World 2016"

Distinguished Guests Ladies and Gentlemen,Friends,It’s a great pleasure to meet all of you in the autumn of the beautiful city of Chongqing to open a window of dialogue and to have an exchange of ideas.First,on behalf of the Communist Party of China(CPC)and the Chinese government,I would like to extend my warm welcome to you and my congratulations on the opening of'The CPC in Dialogue with the World 2016'.Not long ago,the G20

Political Parties Have a Role to Play in Innovating upon in Global Economic Governance:Sidelights of "The CPC in Dialogue with the World 2016"

BETWEEN OCTOBER 13 AND 15,2016,hosted by the International Department,the CPC Central Committee and organized by the CPC Chongqing Municipal Committee,the CPC in Dialogue with the World 2016was held in Chongqing.Themed'Innovation in Global Economic Governance:Initiatives and Actions of Political Parties',the annual event was

China＇s Contributions to the World： Economic Growth, Resource . Consumption and Global Imbalance

This paper makes systematic observations of China＇s contributions to global macroeconomic growth and bulk commodity consumption. Our observations suggest that while China＇s economic size is relatively small on a per capita basis, its contributions are large in terms of overall volume; moreover, the economy has experienced tremendous growth. Quantifying these characteristics that are unique to China＇s development creates a realistic background upon which China can re-examine its trade and economic policies and strategic thinking.

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.