On The Effect Of Financial Globalization On International Economic Relationship

Financial globalization is the course in which global financial activities maintains close links with the system of risk occurrence. Being based on the trade liberalization and internationalization, financial globalization is the most important and glaring pant in the process of economic globalization, and it develops continually in its range and quality following the rapid advance in the world production, science and technology and the developing of economic globalization. In a word, it is a non-reversible historical process.The development of financial globalization involves almost all the countries and regions in the world and influences greatly and profoundly upon the developing of world economy as well as the modern international economic relationship in four aspects as the follows: the capital flows between countries, the economic relations between the Southern and Northern countries, the national economic security and the global economy, the financial coordinating system. Nevertheless, financial globalization is of the reverse as well as the obverse side of its economic effects: while it plays an important and active role in the developing of world economy, its influences upon developed countries and developing countries are different as well as the interests distribution involved. So being the biggest developing countries, China should try to make good use of chances to achieve the best beneficial results in the process of financial globalization.