The Trend Of World Economic Development

- Aug 19, 2019-

1. Economic globalization develops in twists and turns


2. Increasing competition for comprehensive national strength with science and technology as the guide and economy as the center


3. The New Scientific and Technological Revolution has a far-reaching impact on the accelerated development of economic informatization


IV. The Development of National Economy Towards Marketization


5. Some global economic problems such as population, food, energy, water resources and ecological environment


6. Unbalanced World Economic Development and Further Development of Multipolarization


7. Economic restructuring around the world


8. The Role of Transnational Corporations

Two Trends of World Economic Development


Since the second half of the 20th century, the development of internationalization of economic life has introduced two world economic development trends: economic globalization and regional economic integration. This is the trend of parallel development, mutual promotion and complementarity of the two strands in today's world economy.


Formation and Development Causes of Economic Globalization


Basically, it comes from the restriction that socialized large-scale production goes beyond national boundaries. In the face of enormous productivity, economic parties increasingly need to seek markets from both demand and supply internationally. It is not only the objective need of economic development, but also the survival and development of transnational corporations and small and medium-sized enterprises to optimize the allocation of resources worldwide. Needs. On this basis, countries have gradually reached consensus on promoting the free flow of goods, services and capital. As the multilateral trading system has developed from GATT to WTO, countries are increasingly improving their policies in the direction of reducing trade and investment barriers. All these promote the trend of economic globalization. While the trend of economic globalization is developing, regional economic integration is also forming and developing.


Causes of Regional Economic Integration


Regional economic integration, also known as regional grouping, appeared in the late 1950s and gradually formed an irresistible trend in the 1980s. On the one hand, due to economic considerations, the economic strength of the major countries in the contemporary world is gradually approaching, which directly constitutes the material basis for their mutual competition; on the other hand, due to national political and security considerations, the rise of trade protectionism in the international arena has increasingly hindered trade and economy among countries. Economic exchanges and extensive cooperation. In order to occupy an active position in the fierce international economic competition, it has become an important organizational form for countries to seek regional economic development and defeat their competitors to form regional economic integration organizations centered on themselves by one or several regional economic powers.


The relationship between the two trends in the world economy


Economic globalization is a worldwide trend and a state of gradual convergence among countries. The development path of economic globalization is tortuous, unbalanced and spiral. Temporary retrogression and stagnation are possible. When the progress of economic globalization can not meet the needs of countries seeking a broader market, regional economic integration will become a supplement. On the other hand, the objective trend of economic globalization is difficult for every nation-state to grasp. It will have such or such effects on the economic development of all countries: positive or negative effects. When a country gains less positive than negative effects in the process of economic globalization, it will resist or take a negative attitude towards economic globalization and seek regional economic integration instead. Most of the regional economic integration implements the collective protection policy of opening to the outside world, which has a negative impact on the development of economic globalization. However, because of the difficult progress of economic globalization, without regional economic integration, many countries will be unable to enter the world market and open up to the outside world. However, regional economic integration and economic globalization are often the practical steps of opening up in many countries. By joining regional economic integration organizations, some countries have enhanced the adaptability of their markets to opening up and adjusted their economic policies, thus accumulating conditions for economic globalization. At the same time, we should also see that the United States has an extraordinary voice in economic globalization. The United States government often abuses its influence and power to pursue hegemonic policies, linking trade and investment affairs between countries with their domestic and foreign political tendencies, and roughly obstructing some countries from moving towards economic globalization. In this way, some countries have to improve the openness of their own economy by participating in regional economic integration and seek development under open conditions. For example, a country like Myanmar, without ASEAN's regional economic integration, can hardly imagine how far away it will be from economic globalization. Therefore, with the development of regional economic integration, countries that were not open enough gradually become open, which is a powerful driving factor for the further deepening of economic globalization in the future.