Impact on China's Economy of the Economic Globalization
Impact on China's economy of the economic globalization
Abstract: As everyone know that no country can avoid to participate the globalization. China has always been trying to follow the trend of globalization, to be part of it, and actively join in it since its opening to the world in 1978. After 23 years in 2001, of hard efforts have been made by lots of people and tremendous negotiations have been undergone for such a long time, China finally got access to the WTO, which marks the most important step of China towards deepening the integration of the Chinese economy into the world economy and therefore going more deeply into the globalization. We should admit that the opportunities and challenges were brought to China by globalization during these years.
Key words: economic globalization, negative and positive phenomenon
Globalization is the objective trend of economic development in the world today, featured by free flow and optimized allocation of capital, technology, information and service in the global context. It is the inevitable result of the development of productive forces and advances of science and technology, especially the revolution of information technology since the 1980s and 1990s. Economic globalization refers to increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of lots of aspects. It is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Depending on the paradigm, globalization can be viewed as either a positive or a negative phenomenon. Since economic reform began in 1978, and average growth rate of almost 10% a year has seen China’s GNP nearly quadruple.The rewards for the people of China are clear, most visibly in the dynamism and prosperity of Peking and the coastal cities.
For the international community the most striking consequence of these changes is that
Abstract: As everyone know that no country can avoid to participate the globalization. China has always been trying to follow the trend of globalization, to be part of it, and actively join in it since its opening to the world in 1978. After 23 years in 2001, of hard efforts have been made by lots of people and tremendous negotiations have been undergone for such a long time, China finally got access to the WTO, which marks the most important step of China towards deepening the integration of the Chinese economy into the world economy and therefore going more deeply into the globalization. We should admit that the opportunities and challenges were brought to China by globalization during these years.
Key words: economic globalization, negative and positive phenomenon
Globalization is the objective trend of economic development in the world today, featured by free flow and optimized allocation of capital, technology, information and service in the global context. It is the inevitable result of the development of productive forces and advances of science and technology, especially the revolution of information technology since the 1980s and 1990s. Economic globalization refers to increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of lots of aspects. It is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Depending on the paradigm, globalization can be viewed as either a positive or a negative phenomenon. Since economic reform began in 1978, and average growth rate of almost 10% a year has seen China’s GNP nearly quadruple.The rewards for the people of China are clear, most visibly in the dynamism and prosperity of Peking and the coastal cities.
For the international community the most striking consequence of these changes is that