In 2015, the total economic aggregate of developing markets surpassed that of developed countries. The IMF's Wold Economic Outlook 2016 says:"Growth in emerging market and developing economies is expected to strengthen slightly in 2016 to 4.2 percent...accounting for over three-quarters of projected world growth this year."
The change of economic power is bound to be reflected on the structure of this round of globalization.
"Globalization is shifting to the emerging economies", Guntram Wolff, a director at the European think tank Bruegel, told Xinhua.
Secondly, newly-emerged economies and developing countries are focusing more on development. China has been actively promoting development and a more "inclusive globalization", which has been echoed and supported by a large number of developing nations.
The United Nations regards China's "Belt-Road" initiative an important supporting pillar to its 2030 Sustainable Development Agenda, and expects China to play a bigger role in global development.
The Belt-Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiative proposed by Chinese President Xi Jinping in 2013. It brings together countries in Asia, Europe and Africa via overland and maritime networks.
Thirdly, the new round of globalization is to absorb the achievements already made in the former round of globalization. So it's a merger instead of a game changer.
【国际英语资讯:Global Biz Insight: Retreat of globalization a pseudo concept】相关文章:
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