Recognition On Marx's International Value Theory Under Globalization Background

Marx's international theory of value is the application and development of his labor theory of value in the international economy relations. He utilized the international value theory to elaborate scientifically the necessity and the vital role of international economical intercourse and international trade. He also pointed out explicitly that along with the development of science and technology and the economy,the social division would be inevitably internationalized and all countries had to positively participate in the international division so as to hold a position among the intense international competition.This paper chiefly illuminates some factors that influence international value of commodity under the background of economic globalization. In Marx's international theory of value, international value of commodity is mainly affected by worker's labor intensity; science and technology, which refers primarily to the technical equipment of production; supply-demand relationship and natural conditions. More than 100 years later, we are facing a completely different environment from Marx's: rapid scientific progress, speedy development of social production ability, expanding scope of modern market economy, irresistible historical trend of economic globalization. The development of economic globalization is not only changing the conditions, mode and effect that the traditional factors influence the international value of commodity, but also brings about many new factors: rapid development of multinational companies, rise of information network economy,quick growth of international trade in services and development of regional economic integration organizations. They provide conditions for international value to play its role in a broader and deeper area, and highlight the growing importance of international value. If one country want to join in the process of economic globalization, he must take as the intrinsic standard the international value decided by international necessary labor time, measure domestic commodity value by the external yardstick of world currency. Compared with international value, the domestic commodity value of one country must be as low as possible to enhance the competitiveness of his commodity in the international market.Under the background of economic globalization, instead of being out-of-date, Marx's international theory of value is still presenting its exuberant vigor and vitality, and its stronger practical realistic significance. Therefore, We must adhere to and develop Marx's theory of international value, and use it to guide China's foreign trade practice. Finally, according to the reality of China's present international trade this paper puts forward some suggestions and proposals: to actively participate in the international division; to strengthen economic ties with foreign countries; to reform economic system of foreign trade, increase productivity, adjust and optimize product and industrial structure and strengthen the country's overall competitiveness; to positively take part in multilateral and regional economic cooperation organizations, and raise the country's overall economic strength.