Main manifestations of economic globalization

Economic globalization is mainly manifested in the following four aspects: trade globalization, investment globalization, financial globalization and production and operation globalization of multinational corporations.

1, the performance of trade globalization: trade globalization is mainly reflected in: First, the growth rate of international trade is higher than the growth rate of world GDP; Second, the scale of international trade is huge and the dependence on world trade is high.

2. Globalization of investment: The globalization of international direct investment shows that the growth rate of international direct investment is higher than that of international trade and world GDP.

3. Financial globalization: Financial globalization means that a country's financial activities are increasingly integrated with international financial activities across national boundaries, that is, the raising, distribution and application of funds transcend national boundaries and are carried out on a global scale.

Financial globalization is manifested in the following two aspects: first, the degree of interdependence, that is, the scale and status of international capital flows; The second is vertical interdependence, that is, the international linkage and influence of interest rates and exchange rates.

4. Performance of globalization of production and operation of multinational corporations: About 90% countries now have subsidiaries or branches of multinational corporations, and their footprints are almost all over the world.

Extended data:

The main factor leading to that rapid development of economic globalization are:

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.

It not only accelerates the speed of information transmission, but also greatly reduces the cost of information transmission, breaks the restrictions of various regions and even countries, links the whole world together as never before, and promotes the rapid development of economic globalization.

Second, 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, thus greatly promoting the process of economic globalization.

Third, the economic system reform of various countries. Since 1990s, the traditional planned economy countries have abandoned the planned economy system and turned to the market economy. In order to get rid of economic stagflation, developed capitalist countries have weakened the state's control over the economy and strengthened the spontaneous adjustment of the market mechanism.

Baidu Encyclopedia-Economic Globalization