Actively participate in economic globalization and take the road of peaceful development.

Actively participate in economic globalization and take the road of independent development and peaceful development.

Economic globalization refers to the process that world economic activities transcend national boundaries and form a global organic economy as a whole through foreign trade, capital flow, technology transfer, service provision, interdependence and interconnection.

Economic globalization is the transnational and trans-regional flow of production factors such as commodities, technology, information, services, money, personnel, capital and management experience, which means that the world economy is increasingly becoming a closely linked whole. Economic globalization is one of the important characteristics of the contemporary world economy and an important trend of world economic development. The word economic globalization was first put forward by T. Levy in 1985, but there is no accepted definition so far.

Development factors:

First, the progress of science and technology and the development of productive forces. The progress of science and technology and the development of productive forces have provided a solid foundation for economic globalization, especially the information technology revolution since the 1970s, which not only accelerated the speed of information dissemination, but also greatly reduced the cost of information dissemination, broke the restrictions of various regions and even countries, linked the whole world together as never before, and promoted the rapid development of economic globalization.

Secondly, the development of multinational corporations. Multinational corporations provide a suitable form of enterprise organization for economic globalization. Multinational companies make use of local advantages to organize production on a global scale, which greatly promotes the global flow and international division of labor of various production factors, and then greatly promotes the process of economic globalization.