1, trade liberalization
With the accelerated development of global trade in goods, services and technology, economic globalization has promoted the formation of a multilateral trading system in the world, thus accelerating the growth of international trade, promoting the development of global trade liberalization, and enabling members joining the WTO to regulate their behavior with unified international norms.
2. Internationalization of production
As the fundamental driving force for the development of human society, productivity has greatly promoted the expansion of the world market. The scientific and technological revolution marked by the Internet has narrowed the time and space distance between countries, promoted the great changes in the world trade pattern and promoted the transnational flow of production factors. It not only puts forward the inherent requirements for production beyond national boundaries, but also prepares conditions for global production.
3. Globalization of capital
With the help of the network of financial institutions all over the world, a large number of financial businesses have been carried out internationally, forming a system of transnational loans, transnational securities issuance and transnational mergers and acquisitions. The world's major financial markets are interconnected in time and linked in price, and trillions of dollars can be traded in a few seconds, especially the foreign exchange market has become the most liquid all-weather market in the world.
4. Globalization of science and technology
It refers to the optimal allocation of scientific and technological resources in various countries on a global scale, which is the latest expansion and rapid progress of economic globalization. It is manifested in the large-scale cross-border transfer of advanced technology and R&D capabilities, as well as the extensive cross-border joint R&D. With the information technology industry as a typical representative, the technical standards of various countries are becoming more and more consistent, and multinational giants monopolize the use of technical standards.
Extended data
1, economic globalization has promoted the flow of goods and capital, the progress of science and technology and civilization, the exchange of people from all countries and the improvement of people's livelihood, and has become an inevitable trend of human social development and an irreversible trend of the times.
2. Historically, economic globalization is the objective requirement of the development of social productive forces and the inevitable result of scientific and technological progress. /kloc-In the middle of 0/8th century, the first industrial revolution pushed the mode of production of human beings from handicraft industry to machine industry, and the international division of labor and international trade developed rapidly, which accelerated the process of economic globalization.
3. Realistically, economic globalization has provided a powerful impetus for world economic growth and human civilization progress. With the deepening of economic globalization and international division of labor, the comparative advantages of various countries have been brought into full play, and international economic exchanges and cooperation have become increasingly extensive.
Baidu Encyclopedia-Economic Globalization