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Reasons: 1 The development of science and technology is its fundamental cause and material basis, 2 The improvement of transportation and communication technology conditions, 3 The promotion of multinational corporations and various international organizations, 4 The collapse of the bipolar pattern Impact: Benefits:
It has accelerated the development and prosperity of the world economy! Disadvantages: exacerbated the imbalance of interests in global competition!
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The reasons for the beginning of the formation of economic globalization and the rapid development in the 90s:
Reasons for the formation: With the opening of new shipping routes, various regions of the world have moved from isolation to exchange, and the world's leading system has gradually been established, and the process of economic globalization has begun.
Reasons for the rapid development: :(1) The development of science and technology has promoted the continuous updating of production technology and the rapid increase of productivity, which has provided a solid material foundation and fundamental driving force for economic globalization. (2) The emergence of new types of transportation and communication parties has provided basic technical means for economic globalization.
3) The end of the bipolar pattern has removed obstacles to the development of economic globalization. (4) The general recognition of the market economy system. (5) The continuous strengthening of the international coordination mechanism has become a necessary condition for the development of economic globalization.
6) Push by multinational corporations.
Performance: The international world has developed rapidly, and the international world has become the locomotive of world economic development. With the development of international finance, huge amounts of money flow freely between countries.
International direct investment (FDI) is growing rapidly and diversifying. Transnational corporations are located all over the world and are increasingly becoming the dominant force in the world economy. Establishment of international organizations.
internationalization of economic management systems, etc.
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Since the 80s of the 20th century, and especially since the 90s, the trend of economic globalization covering the international circulation process and the international production process has been greatly strengthened. Its main manifestations are: the rapid development of international ** and investment; the development of multinational corporations; capital expands globally; globalization of financial activities, etc.
Specifically, the international division of labor has entered a new stage based on the horizontal division of labor from the vertical division of labor, that is, the division of labor focusing on products, the division of labor of product parts and components, and the division of labor processes. The world's ** rapid growth and the improvement of the multilateral ** system.
The average annual growth rate of world production is much higher than the growth of world production; The formal establishment of the world's leading organization has brought the world into a new stage of more legalization and order. Investment between countries, especially between developed countries, is becoming more frequent, and capital flows are on an unprecedented scale. The process of financial globalization has accelerated markedly, and the scale of international financial activity is unprecedented, far exceeding that of production and commodity trading throughout the world.
Transnational corporations are spread all over the world and have a growing impact on the world economy. The coordinating role of international economic organizations has been strengthened. The G-8 summit is the main body for economic coordination in developed countries; International economic organizations such as the World Bank, the World Organization, and the International Monetary Organization coordinate international economic relations on a global scale.
Therefore, economic globalization at this time is economic globalization in the full sense of the word, and it is "a global economic restructuring carried out with the rapid development of science and technology as the driving force and the global operation of multinational corporations as the carrier." ”
The pros and cons of economic globalization are as follows: >>>More
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Economic globalization refers to the global organic economic whole formed by world economic activities beyond national borders through foreign affairs, capital flows, technology transfer, service services, interdependence, and interconnection. (Put simply, the world economy is becoming more and more interconnected). Economic globalization is one of the important characteristics of the contemporary world economy and an important trend in the development of the world economy. >>>More
Economic globalization is both an opportunity and a challenge for China. We must not only make good use of this opportunity, actively learn from the excellent cultures of various countries, and promote the all-round development of our country's economy and culture, but also actively face the challenges brought to us by the developed countries. >>>More