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The impact of economic globalization on China. 2015020561 陈显富pdf


Title:The Impact of Economic Globalization on China

College:College of Economics Subject:Professional English Number:2015020561 Name:Chen Xian Fu

The Impact of Economic Globalization on China
The positive impact of economic globalization on China China's reform and opening up to 30 years, some ways are gradually participate in the process of economic globalization. Economic advantage of the opportunities provided by globalization, and promote China's reform and development, and maintaining rapid economic growth, and promote the upgrading of industrial structure. 1. The capital effect and spillover effects of foreign direct investment Capital effect of foreign direct investment can be divided into direct and indirect effects in two ways. Absolute effect is the inflow of foreign direct investment to make up for the domestic shortfall, capital inflows directly formed production capacity, to promote China's capital formation and GDP growth is a direct contribution. Foreign direct investment in China capital formation indirect effect is mainly reflected in industry knock-on effect and the demonstration effect and affects. Knock-on effect for the industry mainly. FDI Driven by the industry around supporting investment on China investment multiplier effect. Demonstration effect and affect mainly due to the entry of foreign direct investment and bring market competition, forcing Chinese enterprises for technological innovation, improve production efficiency, so that domestic enterprises to invest increased. Since opening, external economy in China's economy has occupied an important position. Spillover Effects of FDI mainly refer to other factors that affect economic growth in addition to the impact of foreign direct investment of capital and labor, including production technologies and methods, as well as management techniques, improving the quality of workers, etc. 2. The rapid development of foreign trade Since the 1980s, as China's reform and opening up drive the continuous progress of China's foreign economic ties increasingly close and deepened, become an important factor in promoting China's economic development and reform. 2015 trade volume of 191-fold increase over 1978, China's position in world trade has increased accordingly. 1978 China ranks first in world trade 27, 2016 rose to No. 1, wherein: the export ranking foremost in the world ranking of exports and imports ranked No. 1 in the rankings of world imports. This indicates that China has been gradually integrated into the economy in the process of economic globalization. 3. To promote the upgrading of China's industrial structure Upgrading of industrial structure needs to introduce a lot of capital and

technology. China is concerned, we have to accelerate the reform and opening up to 30 years of development time, needed to upgrade the industrial structure of technology, from the domestic supply is far from adequate in terms of capacity. Our effective use of the opportunities offered by globalization, the use of a large amount of foreign capital and technology, and promote the upgrading of industrial structure. Our constantly improve the investment environment to attract global cross-border investment, a new round of high-tech industry represented by IT manufacturing sectors of mass transfer to China, the Yangtze River Delta, Pearl River Delta, BoHai Bay and other regions of the initial formation of distinctive IT Industry Base. 4. Accelerate the pace of market reforms in China The process of China's market-oriented reform is a gradual process, with the main program, supplemented by market becomes market-based, supplemented by plans, and then into the establishment of a socialist market economy. China opening up participation in the economic globalization process, but also continues to promote China's market reform process. SEZ to expand the pilot to open the east coast, to the initial establishment of the socialist market economic system, the implementation of the reform and opening-round outside, while tariffs and import quotas are decreasing year by year. The challenge of economic globalization on China 1. The global economic fluctuations may cause instability in the domestic economy China Open by a continuing relationship with the global economy has a high degree of correlation. China's exports, imports and foreign capital inflows may have been greatly affected by external factors, so that inter-annual economic growth rate of significant fluctuations. In foreign trade, for example, after 30 years of reform and opening up in the progressive integration into the economic globalization process, but also dependence on foreign trade in 1978 rose to 9.8% in 2015, 50.2% of which: export dependence and import dependence respectively, 26.3% and 23.9%. Dependence on foreign trade either reflect the openness of a country's economy, but also a measure of a country's economic dependence on the international market. Increase the index, reflects the degree of integration into the world economy to improve, reflecting the national economy while relying on international markets also increased the risk that the world's economic impact is also increasing. How to prevent the influence of outward fluctuations on the Chinese domestic economy is a critical issue.

2. The impact on national security and the economy's capacity for self-development China's foreign trade to settle hundreds of billions of dollars of overseas assets stock of China's development has played a very important role. However, China's fierce competition in attracting foreign investment in the region, so that a more domestic interest. In addition to continuously improve the soft investment environment, hardware environment and reduce business costs the right way, the inter-regional competition for foreign investment projects focused on the method of tax breaks and land as well as countless other none. Therefore, the use of imported capital of such inter-regional competition won over Chinese national treatment and excessive concessions. In the case of each region compete for foreign investment, and how to safeguard the overall interests of the nation and the country is we need a high degree of concern. The process of economic globalization, the free flow of so-called technology is far from reach. In China, technology spillover effect of FDI mainly through the channels of human capital, but another FDI technology spillover effect realizing that the key to the transfer of technology and production methods is not smooth. 3. China's development impact of open economy Economic globalization requires the traditional system of import substitution or export-oriented institutions is turning to establish an open economic system. Under China's socialist market economy is not perfect, develop an undeveloped economy, is undoubtedly the Chinese economic reform put forward new and higher benchmark. To adapt to the new situation of globalization, the establishment of a domestic foreign investment, foreign trade, both inside and outside the enterprise are applicable to non-discriminatory, fair and competitive incentives and market institutions, both the basic requirements of the WTO rules, but also the internal market economic system Claim. From the general development of international law, the establishment of an open economy, domestic first requires a relatively sound market economy system. These include: the effective functioning of the macro-control system, free movement of factors of a unified market for all economic sectors are common components of applicable competition policy, relatively healthy market order management system of rules. The higher the degree of integration of the domestic market economy, the establishment of an open economic system can be more efficient. And China to develop an open economy, it is in the matrimonial market economic system to promote the imperfect situation, this is a huge challenge.

4. Challenge to Our Enterprises response capabilities With the deepening of China's opening up, especially the WTO, we obtain a relatively stable and predictable international economic and trade environment, the space to expand the international market, the rapid growth of foreign trade, and foreign products and services into the Chinese market opportunities increased, inevitably some of the impact on domestic industries and enterprises. The degree of competition between domestic enterprises and foreign enterprises is more fierce, resulting in some of the weak competitiveness of enterprises have a difficult situation in the short term. Meanwhile, domestic enterprises to economic globalization, especially the rules of WTO rules, poorly understood, lack of experience, there could also be detrimental to our business results in the award process of the multilateral dispute settlement mechanism. References 1.Bornsztein , E. ; De Gregorio , J. and Lee , J.W. “ How Does Foreign Investment Affect Economic Growth” Journal 1998, Vol. 45, pp. 115-135 2.Jiang Jin fan; mechanism of foreign direct investment in Chinese economic growth; World Economy , 2004(6); pp. 9 3.Government how to cope with the challenges of economic globalization, China Youth Daily ;2001.11.3 4.Zhang Yan sheng, To the theory of economic globalization trend , World Economy; 2003(4); pp:3 - 9 5.Lu Xin de: new features of economic globalization and Countermeasures Chinese, World Economy; 2003(7) Direct of International Economics,


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