Economic globalization calls for new leadership escort

At present, the global economic growth is slowing down, the scientific and technological revolution is booming, geopolitical tensions are intensifying, protectionism and populism are on the rise, and the globalization process is facing a huge test.

At the Dalian Summer Davos Forum in 2019, the parties discussed the leadership around the new era of globalization. As globalization progresses, it needs to be escorted by new leadership based on openness, cooperation and responsibility.

The advancement of globalization cannot be separated from a higher level of openness. The tide of globalization is irreversible, and the protection of "national priorities" and populism can't stop the pace of globalization. Economic globalization has enabled producers to have bigger markets, consumers have more choices, and resource elements have been efficiently allocated. This has promoted the international division of labor and the comparative advantages of countries, and promoted the long-term sustained growth of the world economy, and all countries will benefit from it. At present, although multilateral negotiations under the framework of the World Trade Organization have been frustrated, regional trade agreement negotiations are in full swing, and regional trade agreements, including the US-Canada trade agreement, the EU-Japan trade agreement, and the regional comprehensive economic partnership, are very active. This shows the determination of all parties in the world to take action to achieve a higher level of openness.

Under the influence of the fourth wave of industrial revolution, deeper international cooperation is an inevitable trend. In the process of exploring new economic growth drivers, we can only work together if we adhere to the spirit of cooperation that is mutually inclusive. The new technological revolution means that technological innovation will surpass geographical restrictions, and higher levels of interconnection will inevitably strengthen cooperation. At the same time, changes in the competitive environment require all parties to work more closely together, share risks, and work closely together to find the most appropriate solution. While technological change creates opportunities, it also brings various challenges. These challenges are not limited to specific countries or industries, and they bring about universal governance challenges. In this case, it is inevitable to strengthen cooperation. For example, in many fields, it is necessary to establish a unified standard around data collection and use, which will inevitably push international cooperation deeper.

At the same time, globalization requires more responsible leadership. More and more people realize that the future development of the country and enterprises will depend more on the overall environment and the health of the society. Sustainability and inclusive development are imperative. Vigorously developing green environmental protection industries and renewable energy, and actively responding to global climate change has become the consensus of all parties, but it still requires all parties to actively implement their commitments and promote sustainable development to a higher level. And inclusive growth is getting more attention and making all parties active. The enormous achievements of the open global market, the free flow of capital and the scientific and technological revolution should not only benefit a few people. Only by building a fairer social system can we achieve a more people-oriented economic development. Some experts pointed out that the fourth industrial revolution has brought opportunities for innovation and development to all people. It is characterized by “energy empowerment”, through the construction of infrastructure to achieve interoperability, so that more people have the opportunity to find and create value, thus Achieve more inclusive growth.

China is a staunch supporter of globalization. In recent years, China has further expanded market access, promoted high-quality construction of the “Belt and Road”, held import fairs, and proposed the establishment of a community of human destiny, continuously expanding the level of openness, promoting mutual benefit and win-win development, and the global economy. Continuous and inclusive growth gathers strength.

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