Financial Globalization And International Finance Cooperation

As an inevitable result of globalization, the financial globalization is deriving from economic globalization and also a significant component of economic globalization. It is also a double-edge sword, which has already brought about either positive influence or negative impact on the international economic and political relations. Since China is a great developing nation, and its financial industry has been insufficiently advanced and developed. Under the current background of financial globalization and China's access to the WTO, the financial risk and security pressure emerges and increases remarkably. Participating in and strengthening internationally (regionally) financial cooperation is one of the important alternatives for guarding against and defusing the financial risk, and for maintaining and strengthening the financial securityAccording to what mentioned above, the research of this paper starts initially from the three levels of globalization and its internal link. Based on the analysis of the impact of financial globalization on the international financial and politic relations, as well as the challenge and difficulty that financial security of our country has been confronted since China's access to the WTO, it is concentrated on the study of present status of the international finance cooperation, and the prospect of financial cooperation of the East Asia. Finally, some pieces of reasonablecountermeasure will be put forwarded aiming at the question how we can positively participate in the East Asian region financial cooperation...