The Challenges Of Economic Globalization And Developing Economies And Choice

Economic globalization is a history process , it has two meanings, narrow and wide. The wide one began in end of the 19th century to the early 20th century, during which the imperialist countries began their colonies, up to now it experienced three tides; the narrow one only referred to the third tide, now day's economic globalization, which was the result of various elements, such as the development of production power and the knowledge of global economy system's the development of international financial market the international economy adjusting's coming into being, etc., hereby pushed the world production trade increasing, and the globalization inn different periods gave different influence on world economy, especially economy of developing countries. The present economy globalization brings new development chance to developing countries like china, and also challenge. These countries only realize the fact and catch chance, face challenge, and take correct polices, can they enjoy the benefits of it ,develop their economy and improve their own international position.