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ABSTRACT The story of China’s development over the four decades since Reform and Opening-Up was launched is deeply entwined with the process of globalization. China has benefited from and contributed… Click to show full abstract
ABSTRACT The story of China’s development over the four decades since Reform and Opening-Up was launched is deeply entwined with the process of globalization. China has benefited from and contributed to globalization through increasing cross-border flows of capital, goods and people. Following its development and rise on the international stage, China is now well-placed to play a constructive role in tackling new challenges associated with globalization 4.0. This includes by helping to update global governance mechanisms, acting as a catalyst for regional integration, and continuing to serve as an engine for the global economy. The Belt and Road Initiative will also be an important vector for globalization 4.0 as it helps to bring its enabling infrastructure and technologies to all corners of the globe.
Journal Title: Journal of Chinese Economic and Business Studies
Year Published: 2019
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