Economic globalization continues to move forward in twists and turns
August 12, 2022 08:10 Source: "China Social Sciences", August 12, 2022, Issue 2469 Author: This reporter Wang Junmei

Today's world has experienced a big change in a century,The development of economic globalization is also accompanied by various turbulence and twists and turns。Under the influence of the epidemic of new crown pneumonia,Personnel、The flow of goods has been greatly impacted,Some people have diverged on whether globalization can continue,expressions similar to "de -globalization", "slow ballization" appear。July 21,Elsabe Loots at the University of Bertelia, South Africa University of Economics,Analysis of the evolutionary process of globalization。Around the current global development process and other problems,This reporter interviewed relevant scholars。

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The World Economic Forum divides the previous globalization process into four waves。The first wave started in the late 19th century,End in 1914。Under the promotion of the industrial revolution at that time,Traffic and communication technology has been greatly improved。The second wave starts from 1945 as the starting point,End in 1989。The third wave began in 1991 Soviet disintegration,By the end of the global financial crisis from 2008。2010,With the global economy recover from the financial crisis,Digital economy、The rise of artificial intelligence,China's international influence is increasing,The world has ushered in the fourth wave of bet365 best casino games globalization。Current,People's discussions on globalization are mainly concentrated in such two questions: Is the world going through the fourth wave of global ebb? Are all countries ready to welcome the coming of the fifth wave of globalization?,The first wave of globalization has similarity to the current world situation,But do these similarities mean globalization and tide,Whether the world is undergoing "de -globalization" or "slow ballization",At present,Various views lack sufficient evidence。

Rotitz thinks,1914-1945,The fall of globalization is mainly affected by the First World War and World War II。Other influencing factors also include 1918-1920 Spanish flu,1929 American stock market collapse and the Great Depression of the United States in the 1930s。The expression of globalization and moisture in this period is that local protectionism is high、Increased tariffs and other trade barriers, as well as the general contraction of international trade。Rotitz said,The current global background is really similar to the above period。For example,The current world is still struggling with the epidemic of new crown pneumonia; conflicts between Russia and Ukraine have intensified global uncertainty and food shortage,At the same time, the price of natural gas rises,further affects the global value chain; the rise in various consumer goods and energy prices will put pressure on the overall price level; global inflation continues,United States、The inflation rate of many European countries has reached the highest level in 40 years; geopolitical bet365 best casino games challenges have further intensified,Potential changes that lead to trading partnership and regionalism。

  Welcome the fifth global wave

Rotitz said,"Deepening Globalization" means that the connection between countries around the world gradually becomes less,It is characterized by a stronger national country、Localized solution、Strict border control。In addition,A "slow ballization" statement has appeared recently,refers to through trade、The flow of finance and other elements to continuously integrate the speed of the global economy significantly slowly slowed。Related data of economic globalization indicates,Even before the 2020 new crown pneumonia epidemic swept the world,The deceleration of globalization is also obvious,It is mainly manifested in the following aspects。

First,World Commodity and Service Export。At the end of the third global wave in 2008,World goods and services export account for 31%of the global total GDP,Creating a new high in history。2011-2019,This data slowly drops to 28%of global GDP,and further drop to 26%after the epidemic arrives。Second,Foreign direct investment inflow。This data reached a peak of $ 2 trillion in 2016,Subsequently showing a downward trend,Fall to $ 1.48 trillion in 2019。From 2020,Foreign direct investment flow is 20%lower than the level of the global financial crisis in 2009。third,Foreign direct investment accounts for percentage of global GDP。This percentage continues to fall after reaching a peak of 5.3%in 2007,Only 3.5% in 2015 and 2016,Fall to 1.7%in 2019,bet365 live casino games Fall to 1.4%in 2020。Fourth,Number of multinational enterprises。2008,The number of multinational enterprises reported by the United Nations Trade and Development Conference is more than 80,000,In 2017, the number dropped to about 60,000。Fifth,World private capital flow。Related data of the Organization of Economic Cooperation and Development,In 2014, the private capital flow participated in the country's private capital reached 414 billion US dollars,Subsequently showing a downward trend,2019 fell to $ 229 billion。

Current,There are many disputes about the development of globalization。For example,Whether countries will withdraw from globalization like the first wave of globalization; exactly the globalization slowdown in recent years is the prelude to "de -globalization",The "slow ballization" phenomenon presented by the world economy slowly recovered from the epidemic。Rotitz said,The first wave of global ebb tide makes countries realize the world realize,Blind signing contracts and agreements with other countries may have problems,Need to choose trade and investment partners carefully。Although it has led to the spread of protectionism and introverted policies,But this is still far from the complete "de -globalization"。Current,The most likely that is most likely to happen is the regional and fragmentation of the supply chain,This will cause the "de -globalization" and "slow ballization" features in the process of globalization to become increasingly obvious。A series of global external impact,It is necessary bet365 Play online games to think about the globalization process、Re -positioning and reform,So as to lead economic globalization to continue to develop。

 Adjust the policy to improve toughness

The British "Guardian" in April published an article,The trend of "de -globalization" does not mean the end of globalization。You can be sure,Strengthening international cooperation is a good thing,Solution of global problems still requires a global plan,Countries will always start cooperation at the right time。But at present high global energy prices,The cost of transporting goods to other countries is very high and unsustainable。Before the arrival of a new round of globalization,Countries hope to better grasp your own economic destiny,Avoid the occurrence of the financial crisis。But,People rose to life costs、Dissatisfaction with the decline in living standards and inequality,It will trigger a rebellious emotion for globalization。

Sinan Ugen, a visiting scholar of the Canegi International Peace Foundation in the United States,Facing people's dissatisfaction with globalization,Policy makers must rebuild the globalization framework,At the same time, the core motivation that guarantees the growth of globalization always exists。Countries need to spend great efforts to reform relevant institutions that formulate global governance rules,Not only should we reduce the negative effects caused by globalization,It is also necessary to actively enhance its front externality。Current,Some countries have made various suggestions that re -connect globalization,But,There Bet365 lotto review is still a large gap between these reasonable requirements and the reality of global reform,To further improve。

China has achieved rapid development in the process of globalization。Tony Makin, a professor of economics at Greefis University, Australia, said in an interview with this reporter,After China joined the World Trade Organization,The release of international trade barriers has greatly promoted China's international commodity trade。Related data show,2008,China ’s total import and export accounts for 7.7%of the world,It has increased nearly 4 times over 2001。Although the global financial crisis has caused a certain impact on China's export momentum,But the interrupt is short -lived,China's exports soared in 2021,far higher than the peak before 2008。Compared to most developed economies in the world,China's embrace of globalization makes it a highly open economy。

Ma Jin said,"One Glory and Rong" between China and other regions of the world,The slowdown in the global economy has reduced the demand for China's exports,As a result, China's economic growth has slowed down; and the slowdown in economic growth has reducing China's demand for imports,Then reduce the domestic GDP in other parts of the world。Since the global financial crisis,China has adopted a policy of re -balanced economy。China's frequent account surplus accounted for the proportion of domestic GDP in the same period in a reasonable balanced interval,This indicates that China pays more attention to domestic demand driving when realizing economic growth。This will have bet365 Play online games an overflow effect on trade and commodity prices,Then has a profound international impact。Driven drivers help strengthen the toughness of the Chinese economy,To better deal with the impact of "de -globalization"。

Editor in charge: Changchang
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