| The theories relative to economic globalization originated in the West during the British Industrial Revolution. Over the last two centuries, many economists such as Marx, Engels, Adam Smith and Ricardo, from various viewpoints and standpoints, performed ingoing studies of economic globalization and achieved plentiful and substantial results. Up till now, no unified definition of economic globalization exists either theoretically or practically. To the opinion of Some Chinese scholars, economic globalization is an integrative process in which all kinds of production factors such as capital and technical information are circulating and collocated worldwide and the economies of all the countries interconnect and rely on one another, represented by increase of free trade level, buildup of financial internationalization, formation of global network of production and operation, furtherance of regional economy integration, and all countries'reinforcement of cooperation and association on issues commonlyconcerned by human beings as a whole such as about resources and environment.Since the 1980's, economic globalization has once again become a new trend to govern the development of the world. Whether viewed from the profundity and extent of development or from advance speed, this tidal wave of economic globalization is precedentless. A set of international economic and trade regulation system has been established, which is open to the global market, including WTO multilateral economic and trade regulation system and a global regulation system of financial development and assistance development lead by IMF and the World Bank. Development of market economy has become the common foundation for economic and trade relations of various countries. Instead of armament contest, the contest of overall national strength has become the main content in the international competition. The sovereignties of nation ?states have been transferred to international organizations and institutions. Globalization of market economy, of trade, of multinational companies, of technology, of information, of sale and of consumption havebeen realized gradually.Economic globalization has " skean" effects. Its positive effects are mainly as follows: First, it accelerates the growth of the world economy. Secondly, it makes trade and investment liberalization develops rapidly. Almost all countries have benefited from opening to the outside world, through economic compensation, acquisition of advanced techniques or production stimulation. Thirdly, it accelerates the process of technique transfer and industrial structure adjustment. Fourthly it reduces international conflicts. The furtherance of mutual reliance and syncretization of various countries makes it possible to solve conflicts through negotiation. Fifthly, it enhances international coordination and cooperation. The negative effects of economic globalization are as follows; First, financial crises have more impacts on the developing countries. Secondly, the developing countries have to abide by international economic regulations dominantly drawn up by developed countries and pay a high price. Thirdly, enterprises in developing countries as a whole take an inferior position in competition, and suffer a great economic loss. Fourthly, the difference between the South and theNorth with regard to economic globalization is getting greatergradually rather than smaller.In the tide of economic globalization, China holds a relatively advantageous position in comparison with other developing countries, which is determined by the economic power of China. For the 20 years of reform and opening up, China has become the fastest country in foreign trade development; and it is very likely to replace the USA to be the largest inflow country of FDI; a certain comparative advantage has been gained and international competition ability acquired. Overall, however, China is still in an inferior position in the global competition. This is because China, at present, can only passively accept and co...
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