Economic Globalization 3.0 and the Concept of Interconnection under the Belt and Road Initiative

摘要

At present,the third wave of economic globalization is emerging.After the setbacks in Economic Globalization 1.0 and rejuvenation in Economic Globalization 2.0,China's economy is bound to occupy an important international position in the new chapter of Economic Globalization 3.0 and exert profound influence globally.The benefits of globalization cannot be realized without a number of realistic conditions,including the level of technology and infrastructure,geopolitical pattern and market power structure,international institutional arrangements(global governance structure),among others.Under Economic Globalization 3.0,the nature of international competition is good governance,rather than brutal force and hegemony.What matters for China is for it to become an innovative and vibrant country and demonstrate its economic vitality,competitiveness and creativity.Therefore,China's position under Economic Globalization 3.0 depends on its transition from a "world leader of high growth " into a future "world leader of good governance and vibrancy." In the new chapter of Economic Globalization 3.0,the interests of world economies become interwoven and interdependent.Despite unavoidable frictions and disputes,more inclusive and balanced development serves the interests of most countries in the world.For major countries with global interests,maintaining the new balance of power for economic globalization is consistent with their respective national interests.The shared interests of countries promise a more peaceful and interconnected world than ever before.