Globalization and Chinese Factor

Abstract

Whenever economic globalization originated, since China’s reform and opening up in the early 1980s, especially since China joined the World Trade Organization (WTO) in the early twenty-first century, undoubtedly it is deeply involved in this historical process, and becomes well-known worldwide the beneficiary of globalization. However, China’s experience does not prove that globalization can benefit all participating countries unconditionally. As politicians, entrepreneurs and scholars have agreed, not all countries can benefit equally from globalization, and not all groups in a country can equally benefit from that country’s participation of globalization. In many aspects and many cases, globalization has even caused the Matthew effect of “the poor poorer and the rich richer”.