Economic globalization means that under the impetus of the new scientific and technological revolution and the development of social productive forces to a higher level, the society is producing related books.
The movement of all links (production, distribution, exchange and consumption) and various capital forms (monetary capital, production capital and commodity capital) transcends national boundaries and is carried out on a global scale.
The essence of economic globalization is capital globalization, which is the objective trend of socialization of production and internationalization of economic relations.
Economic globalization is produced under the conditions that science and technology and social productive forces have developed to a higher level, the degree of interdependence and mutual penetration among countries' economies has been greatly enhanced, various barriers that hinder the free circulation of production factors around the world have been weakened, and international economic operation rules have been gradually formed and improved.
Economic globalization is a historical process, and its germination can be traced back to the middle of this century.
After the industrial revolution, the capitalist commodity economy, modern industry and transportation developed rapidly, and the world market expanded rapidly. The trade between countries in the world greatly exceeded the level of previous dynasties.
Since the 1990s, economic globalization has developed rapidly, and now it is dominated by the scientific and technological revolution and the development of information technology, covering all fields of production, trade, finance and investment, including all aspects and processes of the world economy and its connection with the world economy.
Its main manifestations are: the new stage of international division of labor from vertical division of labor to horizontal division of labor; World trade has grown rapidly and the multilateral trading system has begun to take shape; International capital flows have reached an unprecedented scale, and the process of financial internationalization has accelerated; The influence of transnational corporations on the world economy is increasing; The role of international economic coordination is increasingly strengthened.
The formation and development of economic globalization has its objective inevitability.
This is because: first, the new scientific and technological revolution and the high socialization of production provide material conditions for economic globalization; Second, the high development of international trade provides a realistic foundation for economic globalization; Third, the rapid development of international finance has become an important driving force of economic globalization; Fourth, the development of international mutual investment has accelerated the process of economic globalization.