对全球经济的理解(英文)

My Understanding of Economic Globalization

Feng Guilin

Abstract There is no doubt that nowadays the trend of global economy is economic globalization.It refers to the economic integration of countries around the world. With the development of economic globalization, the global trade, financial, business operations and other economic factors of mutual dependence have been strengthening. At the same time, it also provides many countries with opportunities and challenges. In the paper, some solutions to today's challenges are put forward. In view of some controversial issues, I also raise some private opinions.

Key words economic globalization, concept, manifestation, impact, coping strategies

(A)the concept of economic globalization

There is no doubt that nowadays the trend of global economy is economic globalization. One more thing, now some economists call the trend “internationalization” rather than “economic globalization”.

I support the main trend -- “economic globalization”. “Globalization” is the free flow of production and capital in the world. “Internationalization” is the friendly cooperation between countries and the unequal exploitation. From the Internet, I knew the exact definition of “economic globalization” is that the world economic activity beyond the borders, through foreign trade, capital flows, technology transfer, provide services, interdependence, mutual connection and then form a global organic economy as a whole. To my mind, economic globalization is a developing process of global link between trade, finance, production, and labor. In other words, economic globalization refers to the economic integration of countries around the world. It is the result of the development of productive forces in the world. The driving force is the pursuit of profit, the competitive advantage and the development of economy. It is not far from our daily life. For example, we have been able to buy more and more international brands in supermarkets now. This is an obvious result of the impact of economic globalization.

(B) the main manifestations of economic globalization

(a) the globalization of production

In the process of economic globalization, international division of labor gradually occupies the dominant position. It takes the capital, technology, management skills and other factors of production as the prerequisite. It is the core of the production of transnational organization. It is a symbol of the formation and establishment of the global production system. It makes production activities of the world no longer in isolation, but has become an integral part of the global production system. The globalization of production laid the foundation for each countries participate in international division of labor and international competition provides opportunities and conditions; it also allow countries to become part of the global production system, become commodity value chain A link, so that the whole earth becomes a big factory.

(b) the globalization of market

In the process of economic globalization, international trade has been expanding rapidly. The rapid