Extra credit blog: China and globalization _ Soeun Kwon
Is globalization good for China? Globalization will benefit China. In 2024, China proposed a global initiative to establish a new framework in its relations with the world as a major power. The 2024 diplomatic initiative prominently showcased a global vision and plan that emphasizes its identity as a major power. The global vision proposed by China focuses on promoting "multipolarity of the world" and "economic globalization." This economic globalization can achieve trade and investment liberalization, strengthen solidarity with other countries to expand its influence in the international community, and accelerate economic growth. Economic growth can improve the living standards and education levels of Chinese citizens, ultimately liberating them from poverty. Is China good for globalization? China advocates for an inclusive and open economic globalization, aiming to reshape the existing U.S.-centric international order. Analysts suggest that China’s stance on eco...