An Analysis Of Economic Globalization From The Perspective Of Marxist Economics

One of the most profound changes of today is that economic globalizationhas swept across every corner in the world. Impelled by the fast expansion oftransnational corporation and international monopoly capital as well as themodern science and technology, the flow and distribution of production factorslike capital, technology and labor force have been carrying out in the scope ofthe whole world, which leads every single economy unit to work together. As aprominent trend of the world economy development, economic globalization hascaused more and more concerns and controversies among the domestic andforeign scholars. In the history of economy ideology, Karl Marx founded theeconomics theory of world market with wholist method as early as 19th century.He thought every category as the total category and the world market is thebiggest one. It was Karl Marx who set up a more systematic and timely theoryabout the concept, formation, type, function and crisis of the world market.Following Marx, Hilferding, ByxapИН, especially Lenin analysed worldeconomic relations develop under the monopoly capitalist in details. We shouldinsist on key point of Marxism, and further more, we should stick to Marxismcharacter keeping pace with the times and methodology. This paper focuses onstudying the economic globalization as a whole with Marxism and contrasting itwith different phrases in the development of capitalism economy. Essentially speaking, the economic relationship under the globalization is akind of historical category. Wallerstein thought that after Columba discoveredthe America, the western capitalism countries started a colonial expansionacross the world, thus feathered the world economy as a globalization character.As a result, today's economic globalization was continued and developed.Another economist Giddes summarized that because the national countriesneeded to guarantee it's expansion system, the world economy was effected,with the social and economic gap widening between different regions andclassified and vertical distribution system emerging in the modern economy,which was named non-balanced and non-sympathetic economic globalization.However, the economic globalization is not what the above two theories havedescribed, it is a logic result of the development of capitalism economic systembased on the dialectical interrelation between productivity and productionrelations.The foundation of capitalism ensures overseas expansion in a system and theresult of expansion can strengthen the development of capitalism economy andfinally stimulate the world economy. It was three science and technologyrevolutions in the history promote the development of capitalism economy andthe economy development enhances the process of S in turn, with moreadvantageous environment and market. Capitalism experienced the steps of freecompetition, private monopoly and national monopoly, which was an inevitableoutcome when adapting to the requirements of social production. The worldproduction developed in a full speed and the pattern of capitalism systemtransferred to economy globalization, which made the production relationsenlarge in a relative scale in the whole world.During the course of capitalism world economy formation, the irrationalinternational labor division system also arises. Developing countries graduallybecome the raw material source, marketing and investment place for thosedeveloped countries. The gap between the rich and the poor has been seriouslywidened, which showed the contradiction and limitation in economicglobalization.Since the 1980s, economic globalization became has become the reality ofworld economy under the great promotion of transnational company andinternational monopoly capital. There were two elements that facilitateglobalization, among which the micro base is the rapid expansion oftransnational corporation and macro condition is the appearance of internationalmonopoly capital. The international monopoly capital and transnationalcompany break the obstacles and barriers laid by the nationalism country andgovernment. They stimulate the development of world productivity andeconomic globalization from three aspects of trade, production and finance.However, the fundamental motivation for them to accelerate the globalization isnot to promote the development of world productivity, but to obtain themaximum profit through allocating recourses in the maxim scale all over theworld.Trade globalization reflect the essence of the economic globalization, theexpansion of international trade will extend the size of global market and makeworld economies connected much more closely to each other than before.Nevertheless, the unbalance of trade globalization of the world trade indicatesthat the essence of economic globalization the developed capitalist country inreality, serving their need of capital expansion and value addition. Trough profitgaining mechanism of international labor division, the mechanism of sciencetechnology advancement or the technology transportation and the institutionefficiency mechanism, the countries involved in the globalization all benefitedfrom it more or less. Whereas, the global environment and resources aredestroyed and the safety of national economy becomes uncertain. Thedeveloping countries rely more on the developed countries. All of these resultsare not inevitable by-products of economic globalization. Economicglobalization itself is neutral. It accumulates the material wealth worldwide andbrings great convenience to our daily life. The root of above problem is theirrational international economy order based on the old one In which themetropolitan state exploited the colony. It actually protects the globalexploitation of international monopoly capital and restricts the economydevelopment of developing countries. As direct consequence, internationaleconomic relations severely get out of balance. The gap between southern andnorthern pole gets wider and wider. To solve these problems, we should reformthe present irrational and unjust international economic order. In the newinternational economy order, we should build up an international manufactureand exchange system based on the rational international labor division, insist thefair and equitable principle in the systems of international capital flow andtechnology transfer, establish a equal relationship equal relations among nationsin the international economy and currency organizations and initiate thedemocratization of international economy relations and diversity of economydevelopment pattern.During the process of globalization, the economy of the developed countriesgrow at a relatively fast speed and treasure continually flow to these countriesbecause of the high efficiency arising from market's immense competitionmechanisms and international systems of labor division and resources allocation.Observing high speed economy growths in developed countries during differentperiods of capitalism taking advantage in international economy, some westernscholars put forward so called Terminating Theory in 20th century, which pointscapitalism would defeat socialism and history would be terminated in capitalism.All these theories ended with failure, though they evoked worldwiderepercussions and debate at that time. Economy globalization marks thatcapitalism is going on the phase to international monopoly capitalism. It booststhe development of capitalism economy to some extent and creates a new spacefor the adjustment and development of capitalism relations. However, it does noteliminate capitalism's intrinsic contradictions, on the contrary, thecontradictions between these two categories of countries are intensifying.Neither can such adjustment and reform in production relation andsuperstructure made by international monopoly capitalism change theunavoidable contradictions of extreme disparity between the rich and the poorand antagonistic relationship between the north and the south, nor can it changethe objective historical trend that capitalism is doomed to be perished at last.The development of economic globalization builds up economic and socialbase and provides wide space and a new opportunity for the development ofsocialism. The socialist system can not only open broader space for humanintelligence and their creativity but also can unite and combine them in an idealway to coordinate the global factors and forces to the maximum limit to solve allthe global problems and build a truly fair, equal and reasonable internationaleconomic system and bring the human society to a completely new era.Under the history condition of world economic globalization, Chinesecommunist deeply sum up history experience, and comprehensively hold thisobjective history process, and firmly demonstrate that peace and developmenthas been the subject in today's world. Economic globalization is basic economicfeature. Opening up is essential factor for China to realize the great goal ofSocialist modernization. Guided by Deng Xiaoping theory and ThreeRepresentations, the economic relationship between China and the rest of theworld has been getting closer and closer and China has been stepping into thecourse of economic globalization more and more. Economic globalizationeffectively removes various obstacles that restrict the circulation of productionfactors all over the world and clears trade barriers that restrict the freecirculation of commodity. This provides the internal motivation and favorableexternal circumstances for China's development.As the greatest developing country in the world, China also creates newopportunities for other nations in the world when taking advantages of economyglobalization to speed its development. Being a responsible power country,China has played a positive and constructive role in building a new WorldEconomy System. Economic globalization offers China a good opportunity forits development and gives heavy pressure and challenge as well. In order tomake use of the advantages and to avoid the disadvantages during the course ofeconomic globalization, China should take part in the globalization actively,extend the opening scale, and implement vigorous measures in optimizing theindustrial structure, heightening the competitiveness, establishing the nationaleconomy security system and participating in the establishment of the gamerules of globalization.