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Financial globalization will enable the world economy to achieve great development, and each will take what it needs and allocate resources in a rational manner. But the negative effect is the Matthew effect, which makes rich countries richer and poor countries poorer.
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Ahh
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Economic globalization is the integration of the world economy. It is first manifested in the transformation of the economic systems of various countries in the world to a market economy. So far, the economies of various countries have turned to different degrees of market turn, but they have not yet been perfected and matured.
It should be emphasized, however, that under the trend of integration, there are two different systems, namely, one integration and two systems -- one is the capitalist market economic system and the other is the socialist market economic system. This situation of "one body, two systems" has already shown that contradictions and conflicts are inevitable. On the one hand, the general trend of economic globalization forces people to accept more and more the operation mode and rules of the capitalist market economy in the international arena, so that they can fulfill their responsibilities of maintaining the rule of law and promoting fairness, and gradually improve the legalization and transparency of economic management according to the principles of openness and justice, gradually reduce direct intervention in economic activities, and enhance the leading role of the market; On the other hand, in the socialist market economic system, we should proceed from the fundamental interests of the state, stabilize the economic system, protect the national industry, and enhance the international competitiveness of our own enterprises.
So it can't be resolved!
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This issue should be viewed dialectically.
Just as economic globalization is both an opportunity and a challenge, economic globalization has enabled the economies of various countries to integrate with each other, so when countries face a financial crisis, they will strengthen cooperation regardless of national borders, help each other, and face it together. From this point of view, it can be resolved to a certain extent.
However, in the same way, due to the intermingling of the economies of various countries, if a country faces a financial crisis, it will inevitably spread quickly to other countries and even the world. From this point of view, to a certain extent, it will exacerbate financial risks.
To sum up, economic globalization can be resolved to a certain extent, but also exacerbate financial risks to a certain extent. Moreover, our main law is that economic globalization is not a decisive factor in terms of the size of financial risks, but can only affect its spread and the size of its impact.
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