Economic Globalization And China's Strategic Choice

Living between late 20th century and early 21th century, everyday people are always affected by a strong torrential tide that is economical globalization. Long time ago, although Max and Angles didn't use the conception of economical globalization, their brilliant exposition and incisive analysis of capitalism, commercial economy, foreign trade, international market and capital export closely related to globalization showed the ideas that economy will surely go to globalization. The concept of globalization was first proposed by the American Economist Theodore Ravid in his 玀arket Globalization?in 1985, when he used the expression to describe the great changes of the international economy in the previous 20 years. Whatever is the economical globalization after all? Up to now, there are many contradictory definitions to this question in the academic circles both overseas and domestic. In my opinion, the so-called economical globalization is a historical process in which human economical activity has broken through the boundaries of state and nationality, and the economies of all countries have gradually merged into one body. Globalization, internationalization and integration are three different concepts that have both links and differences. At present, the marked expression of economical globalization is: the multinational corporations are developing rapidly, and the international investment is increased drastically; the trading volume is enlarged, and the fields of service trade are extended; the electronic commerce is changing the traditional economical activity; China's entry into the WTO has extremely put forward international trade, and provided the industrial and commercial sectors of all the countries in the world with more space to develop.What has been brought to the vast developing countries by economical globalization? Some people say the torrential tide has brought the developing countries an excellent chance of history, others say the torrential tide is a trap to the developing countries. While more people think it as a combination of chance and challenge. We agree with the latter view. However, challenge and chance are not equivalent. Chance is the main stream, while challenge is the branch stream; we can take advantage of chance, and cope with challenge.It is an inevitable trend that our economy shall merge into the globalization process and the international market. China must fully be aware of the situation. This point is very important for putting forward the domestic reform, reinforcing the overall economical quality and competitive strength, enhancing the position of China in the international division and getting more interests. We can not disregard the negative influence on China's economy of economical globalization: our system security is facing challenge, the controllable economy is undermined, the domestic market environment is deteriorated, etc. In a word, amid the torrential tide of economical globalization, China can surely make full use of its potentialities and enter the list of the developed countries in economy, as long as Chinese people and government learn from the successful experience and abortive teachings of other countries, and fully exploit our favorable conditions and avoid unfavorable conditions, approach interests and avert losses according to our practical situations.The article is composed of four units: Unit 1 elucidates that economical globalization is the general tendency of the current international economical development. Unit 2 analyzes the positive effects on the different countries of economical globalization. Unit 3 analyzes the negative effects on the developing countries of economical globalization. Unit 4 probes the strategic options China should take in six parts whilefacing economical globalization.