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.

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 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.

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

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.

Economic Globalization and Inflation in China： A Multivariate Approach

This paper evaluates whether globalization has increased the role of global factors in driving inflation in China. Unlike other published studies on the relationship between globalization and inflation, which mostly use Phillips curve models, this paper uses multivariate dynamic models to examine the dynamic interactions between globalization and inflation in China. Empirical results with quarterly data spanning from 1995 to 2012 show that the global output gap significantly affects the dynamics of inflation in China. In particular, the global ou^mat gap is superior to the domestic output gap in predicting domestic inflation. Impulse response and variance decomposition analyses reinforce this finding. Our results indicate that the central bank of China should take developments in global output into account in its monetary policy-making process.

How economic globalization affects the happiness of residents in China——Empirical evidence from CGSS 2008

This paper is a quantitative examination of the effect of economic globalization on Chinese citizens’happiness and its transmission mechanism based on China General Social Survey(CGSS)2008.The results show that economic globalization has enormously and indirectly promoted Chinese citizens’happiness by reducing inflation and unemployment,increasing income,improving health condition and narrowing the wealth gap.This conclusion is not affected by sample selection or self-selection bias,nor endogenous variables.It is suggested that as it promotes economic globalization,the Chinese government should try to mitigage its adverse impact by increasing expenditures on social security,health care,education,and vocational training,while making sure the benefits of economic globalization are shared by every social stratum.

Economic globalization and China’s choice

In history,economic globalization has usually been an important opportunity for development.Those who seize this opportunity can surpass slower moving economies.America and Germany in late 19th century,Japan and the Asian Tigers in the mid-twentieth century and China and India since the 1990s have all seized the opportunity.However,the financial crisis has changed the strategies of the superpower game.For instance,America has adopted quantitative easing and export expansion as short-term policy,is promoting re-industrialization,re-innovation,and re-employment as medium-term policy,and seeks to build high-standard free trade areas with developed entities,planning for investment and service trade liberalization as well as competitive neutrality in the long run.This will change the nature of the multilateral agreement of economic globalization,and lead to exclusive regionalization,protectionist localization,and political,economic and military conglomeration,and ultimately marginalize many developing countries.How China reacts to the changing global structure is of great importance.Is economic globalization still an important opportunity?Will China be a responsible great power or be marginalized?Should China seek all-out confrontation or open up and cooperate?These are the choices China faces.The“Drawing Sword”strategy decided at the Third Plenary Session of 18th CPC Central Committee is a strategy to transcend the zero-sum game and to seize important opportunities for development.It will turn the challenges of a global high-standard free trade area and the changing structure into a strong driving force for a new round of high-level liberalization,high-standard reform,and high-quality development,so as to make China a responsible and open country with high income and large trade volume.

Economic Globalization Unraveled

In a book titled The World Is Flat, author Thomas Friedman postulates how the emergence of Asian powers, which have bridged gaps between developed and developing countries, pose a threat to the United States. China's celebrated economist Cheng Siwei, also Vice Chairman of the Standing Committee of the National People's Congress, is quick to point out that Friedman's theory, one held by many Americans, is biased. Cheng argues that the world has been unevenly developed, and is far from a point of equality. His keynote speech delivered at a forum in Beijing, in which he shares his views about the essence of economic globalization, follows:

The European Union's Role in Economic Globalization

Astheworldenterstheageofglobalization,mankindhasagreatercapabilitytocreatematerialinterests,andcountriesfaceafiercercompetitioninthedistributionofsuchintereSts.AsKarlMarxputitsowellinanarticlecarriedbytheRhine,allthosestrivingtowinarerelatedintheirin...

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

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.

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,

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

G20 and Transformation of Global Economic Governance

The Group of 20(known as G20)was founded in Germany in 1999with an aim at handling international financial crisis,in particular preventing a regional crisis from spreading and becoming a bigger one.It is unfortunate that this meeting mechanism(forum)designed for tackling future impact has to play its role.The US and Europe both witnessed an unprecedented financial crisis with