Economic globalisation

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Research On Risk And Challenges Brought By The Process Of Economic Globalization 1

RESEARCH ON RISK AND CHALLENGES BROUGHT BY THE PROCESS OF

ECONOMIC GLOBALIZATION

Date

Student’s Name

Institutional Affiliation

Research On Risk And Challenges Brought By The Process Of Economic Globalization 2

Abstract

Since the beginning of this century, the trend and process of economic globalisation have

accelerated markedly, and commercial and trade exchanges between countries have become

increasingly close. At present, it seems that economic globalisation has two attributes: one is the

transnational flow of goods, services and production factors, and the other is the rules and order

that influences and constrains such as cross-border flows. The former is determined by the

advancement of technology and the deepening of the international division of labour. Therefore,

economic globalisation has inherent inevitability from low to high; the latter is determined by the

interrelationship between nation-states, so the development of economic globalisation will be

presented.

At the global level, the development of economic globalisation is an inevitable trend in keeping

with the development trend of the times. However, for a long time to come, there is no way to

predict whether the development of economic globalisation will be smooth or reverse, although it

is represented by artificial intelligence and clean energy. The new technological revolution has

promoted the development of economic globalisation to a certain extent, but the protectionism of

the domestic economy, such as the economic power represented by the United States, has

hindered the development of economic globalisation. At the multilateral level, economic

exchanges between regions have become more and more close, and many new trade

organisations have been derived from countering the economic powers to control the economy.

This has led to the mutual assistance of countries in addition to mutual economic assistance.

Generate economic conflicts of interest. At the regional level, it is inseparable from the

multilateral level. If a country within a region pursues economic closed development, it will

hinder the multilateral development of the economy; while the region implements open

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Research On Risk And Challenges Brought By The Process Of Economic Globalization RESEARCH ON RISK AND CHALLENGES BROUGHT BY THE PROCESS OF ECONOMIC GLOBALIZATION Date Student’s Name Institutional Affiliation 1 Research On Risk And Challenges Brought By The Process Of Economic Globalization 2 Abstract Since the beginning of this century, the trend and process of economic globalisation have accelerated markedly, and commercial and trade exchanges between countries have become increasingly close. At present, it seems that economic globalisation has two attributes: one is the transnational flow of goods, services and production factors, and the other is the rules and order that influences and constrains such as cross-border flows. The former is determined by the advancement of technology and the deepening of the international division of labour. Therefore, economic globalisation has inherent inevitability from low to high; the latter is determined by the interrelationship between nation-states, so the development of economic globalisation will be presented. At the global level, the development of economic globalisation is an inevitable trend in keeping with the development trend of the times. However, for a long time to come, there is no way to predict whether the development of economic globalisation will be smooth or reverse, although it is represented by artificial intelligence and clean energy. The new technological revolution has promoted the development of econom ...
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