• About Us
  • Contact Us
  • Privacy Policy
  • Term and Conditions
Monday, July 28, 2025
  • Login
No Result
View All Result
Green Post
  • Home
  • News
    • National
    • Sports
    • Business
  • Lifestyle
    • Travel and Tourism
    • Style and Fashion
    • Health and Fitness
    • Entertainment
      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Hira Somroo expresses disappointment over not getting her desired role

      Actors Explaining Religion Yasra Rizvi Addresses Criticism

      “Actors Explaining Religion? Yasra Rizvi Addresses Criticism”

      Nia Sharma Admires Pakistani Actors

      Nia Sharma Admires Pakistani Actors, Calls Their Dramas Romantic and Captivating

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Obscene Question

      “Obscene Question” Controversy: Legal Pressure Mounts on Samay Raina and Ranveer Allahbadia

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’ Give to the Actress on Her Wedding?

      Shocking Revelation Maryam Nafees’ Husband Turns Out

      Shocking Revelation: Maryam Nafees’ Husband Turns Out to Be Bushra Ansari’s Former Son-in-Law

      Sanam Teri Kasam 2 Announced Will Mawra Be Part of the Film

      Sanam Teri Kasam 2 Announced: Will Mawra Be Part of the Film?

  • Technology & Innovation
    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    89% of parents use gadgets to entertain and occupy their children

    89% of parents use gadgets to entertain and occupy their children

    Big News About the Launch of Apple's New Device!

    Big News About the Launch of Apple’s New Device!

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Apple Follows Google in Renaming Gulf of Mexico on Its Maps

    Apple Follows Google in Renaming Gulf of Mexico on Its Maps

    Method Discovered to Tackle Toxic 'Forever Chemicals'

    Method Discovered to Tackle Toxic ‘Forever Chemicals’

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Opinion & Blogs
  • Magazine
  • Today’s Newspaper
  • Our Principles
  • Home
  • News
    • National
    • Sports
    • Business
  • Lifestyle
    • Travel and Tourism
    • Style and Fashion
    • Health and Fitness
    • Entertainment
      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Hira Somroo expresses disappointment over not getting her desired role

      Actors Explaining Religion Yasra Rizvi Addresses Criticism

      “Actors Explaining Religion? Yasra Rizvi Addresses Criticism”

      Nia Sharma Admires Pakistani Actors

      Nia Sharma Admires Pakistani Actors, Calls Their Dramas Romantic and Captivating

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Obscene Question

      “Obscene Question” Controversy: Legal Pressure Mounts on Samay Raina and Ranveer Allahbadia

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’ Give to the Actress on Her Wedding?

      Shocking Revelation Maryam Nafees’ Husband Turns Out

      Shocking Revelation: Maryam Nafees’ Husband Turns Out to Be Bushra Ansari’s Former Son-in-Law

      Sanam Teri Kasam 2 Announced Will Mawra Be Part of the Film

      Sanam Teri Kasam 2 Announced: Will Mawra Be Part of the Film?

  • Technology & Innovation
    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    89% of parents use gadgets to entertain and occupy their children

    89% of parents use gadgets to entertain and occupy their children

    Big News About the Launch of Apple's New Device!

    Big News About the Launch of Apple’s New Device!

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Apple Follows Google in Renaming Gulf of Mexico on Its Maps

    Apple Follows Google in Renaming Gulf of Mexico on Its Maps

    Method Discovered to Tackle Toxic 'Forever Chemicals'

    Method Discovered to Tackle Toxic ‘Forever Chemicals’

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Opinion & Blogs
  • Magazine
  • Today’s Newspaper
  • Our Principles
No Result
View All Result
Green Post
No Result
View All Result
Home Opinion & Blogs

To make economic globalization more open, inclusive, balanced, beneficial to all

by Web Desk
February 20, 2024
in Opinion & Blogs
0
To make economic globalization more open
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

By Huan Yuping, People’s Daily

Some pessimism about economic globalization has emerged in recent years due to rising protectionism, increasing blockages in global industrial and supply chains, and weakness of international trade. This has led some to proclaim the “golden age” of economic globalization is over.

While concerns about challenges facing the world economy are understandable, such outright pessimism is unnecessary. Economic globalization remains the trend of the times. Despite many counter currents and dangerous shoals, its overall direction has never changed and will not change.

To grasp the development trend of economic globalization, it is important to start from the objective laws of historical development.

Historically, economic globalization is an objective requirement of social productive force development and an inevitable result of technological progress, rather than something artificially created by certain people or countries. Technological and industrial revolutions have greatly reduced the costs of global transportation of goods, information dissemination, and human mobility, providing a profound material and technological foundation for economic globalization.

The deepening development of economic globalization has provided a powerful impetus for the progress of human society. Statistics show that from 1992 to 2022, global GDP rose from around $25 trillion to around $101 trillion, and per capita GDP increased from $4,659 to $12,647. 

From 1992 to 2019, the share of global trade in global GDP grew from 40.15 percent to 56.33 percent. The proportion of the global population living in poverty dropped from 36.5 percent to 8.5 percent, and life expectancy increased from 65.6 years to 73.4 years.

The setbacks in economic globalization in recent years were mainly due to policy shifts in some countries. International institutions see the rise of protectionism as a serious risk to global economic recovery.

The International Monetary Fund warned that if economic fragmentation continues unchecked, it could reduce global GDP by 7 percent – roughly equivalent to the combined size of the French and German economies.

Economic globalization is a “double-edged sword.” Bridging the equity deficit is an important issue all sides need to face.

Problems are not to be feared; the key is finding solutions. To steer economic globalization on a steady course that delivers long-term benefits and better well-being to people of all nations, the international community should join hands in championing an inclusive economic globalization that benefits all.

Economic globalization should be beneficial to all, aligning with the universal aspirations of countries around the world, especially developing ones.

It should effectively address imbalances in development between and within countries resulting from global resource allocation. Development should be both full and balanced, fostering globalization that enables all countries, particularly developing ones, to accelerate growth.

With interdependence prevalent today, nations must develop themselves while also considering how to advance in sync with the world. It is important to make the pie of economic globalization bigger together and share it fairly, so different countries and people of different social groups can all participate in and benefit from socioeconomic progress, achieving mutual benefit, win-win outcomes, and shared prosperity.

Economic globalization should be inclusive, supporting countries in pursuing development paths suiting their national conditions, while jointly creating common development for all humanity. All forms of unilateralism and protectionism must be opposed, along with discriminatory and exclusionary standards and rules.

Trade and investment liberalization and facilitation should be promoted to maintain stable and unimpeded global industrial and supply chains. All sides should show mutual understanding and accommodation, addressing each other’s concerns, in order to resolve structural issues hindering healthy global economic growth. This will sustain the vitality and momentum of the world economy.

Looking ahead, economic globalization remains an inevitable path forward and an irreversible trend of the times for human society. The international community should join hands to make economic globalization more open, inclusive, balanced and beneficial to all, injecting inexhaustible momentum into the building of a community with a shared future for mankind.

Default Avatar

Web Desk

Next Post
Spring Festival travel rush mirrors bright future of China

Spring Festival travel rush mirrors bright future of China

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

AI Technologies in the healthcare sector of Pakistan

AI Technologies in the healthcare sector of Pakistan

1 year ago
Highest Paying Jobs

Which Are Highest Paying Jobs in the World?

10 months ago

Popular News

    Connect with us

    Category

    • Amazing
    • Business
    • E-Paper
    • Entertainment
    • Health
    • Health and Fitness
    • Lifestyle
    • National
    • News
    • Opinion
    • Opinion & Blogs
    • Pakistan
    • Politics
    • Science
    • Sports
    • Style and Fashion
    • Technology and Innovation
    • Travel and Tourism
    • World

    Useful Links

    • About
    • Our Dream
    • Submission
    • Contact Us
    • Term and Conditions
    • Privacy Policy

    About Us

    Sometimes, businesses are afraid that in-depth explanations of their products aren’t interesting enough or will sound unappealing in writing.

    • Home
    • News
    • Lifestyle
    • Technology & Innovation
    • Opinion & Blogs
    • Magazine
    • Today’s Newspaper
    • Our Principles

    The Green Post © 2024. All Rights Reserved.

    No Result
    View All Result
    • Home
    • News
      • National
      • Sports
      • Business
    • Lifestyle
      • Travel and Tourism
      • Health and Fitness
      • Style and Fashion
      • Entertainment
    • Technology and Innovation
    • Opinion & Blogs
    • Our Dream
    • Contact Us
    • What We Are and What We Do?
    • Magazine
    • Our Principles
    • Privacy Policy
    • Term and Conditions
    • Submission
    • Copyright
    • Contact Us
    • Cookies
    • About Us

    The Green Post © 2024. All Rights Reserved.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In