“Understand De-Globalization Objectively and Push Forward Inclusive Globalization Proactively” provides in-depth analysis of de-globalization phenomena and proposes the idea of “common but differentiated trade and investment liberation”.
It reviews the cases considered reflection of de-globalization, such as Brexit, Germany’s anti-TTIP movement and Donald Trump’s election as the next US President, and insists that globalization, an inevitable outcome of economic development, will not be changed or reverted by man’s will.
However, the report identifies three major side-effects of globalization – rising unemployment caused by technology advancement, widening gap of income, and growing financial risks. It also highlights seven new emerging trends that could accelerate globalization and also incur more resistance, including traditional MNCs need to redistribute their production factors; application of artificial intelligent, robots and self-driving technology is leading to more unemployment.
The report suggests moving forward globalization in a scientific way, focusing on developing productivity and maintaining multilateral trade system while supporting regional free trade schemes. Domestically, the report believes that China should foster technology advancement and ensure employment, and gives equal attention to efficiency and fairness.