two sides of Economic Globalization 试论全球化的两面性 On the Two Sides of Globalization

Economic opportunities of globalization on developing countries:

First, economic globalization for developing countries to attract more foreign investment conditions and opportunities. To attract foreign investment scale will no doubt help to solve the problem of shortage of funds in developing countries.

Second, economic globalization for developing countries outside of the capital voted to create a favorable external environment and conditions, so that foreign direct investment scale is continually expanding and growing fast.

Third, economic globalization brought about a worldwide economic and technological development zones and bonded areas and free trade zones and other forms of development of free economic zones.

Fourth, the economic globalization so that the worldwide industrial restructuring was further deepened, the pace of increase. Developing countries can take advantage of this opportunity to follow based on reality and focus on the future of the organic unity and take the initiative to coordinate the worldwide industrial restructuring and upgrading of domestic industries relationship.

Fifth, economic globalization has promoted the development of transnational corporations in developing countries so that in the world market gradually. However, the development trend, as a result of economic globalization for developing countries in the broader field of active participation in international competition opportunities for transnational corporations in developing countries more actively active in the world economic stage of the era just around the corner.

Sixth, the economic globalization has driven the rapid development of international trade. Although developed countries are the biggest beneficiaries of international trade, but developing countries, especially developing countries in Asia also benefited from international trade, its trade volume of world trade accounted for about 20% of the total.

Economic challenges of globalization on developing countries

The challenges posed by economic globalization is tough, developing countries and developed countries brought about by economic globalization to share some interests, but under pressure from economic globalization brought about by the negative effects of even a serious blow to their economies. Economic globalization on developing countries, the challenges are:

First, developing countries in the current process of economic globalization in a disadvantageous position. With the global trade and the global production system of rapid development, as well as multinational corporations and capital expansion of the national economy of developing countries are faced with increasing pressure and the impact of dependence on the developed countries is also increasing . Developed countries to control the international economic system, holds the hands of capital, technology and other advantages, in economic globalization to the majority of developing countries far behind.

Secondly, under the economic globalization of financial globalization in developing countries in promoting economic growth, brought about the financial risks can not be ignored and economic shocks. At present, 24 hours of electronic transactions in the global financial market has taken shape, in order to provide greater facilitation of market transactions, but also for the financial sector has provided many opportunities for speculators. Second, because under the conditions of economic globalization, market forces around the world to strengthen, as well as developed countries, the expansion of large multinational companies, there may be some impact on domestic industries of developing countries, threatening the safety of its domestic market to enable developing countries in economic affairs the relative decline in power.