Globalization Revisited

Throughout history, major powers have been playing significant roles in leading the development of globalization. There have been three waves of globalization since the age of the Great Voyage, and the latest American-style globalization featuring neo-liberalism has suffered from its own institutional constraints as a result of imbalanced global economy and social-economic dynamics, which contributed to the election of President Trump and the ensuing protectionism of the United States. With the rise of emerging economies, the new round of globalization will no longer be dominated by a single major power. Given the scale of outbound investment and agenda-setting capabilities, emerging powers represented by BRICS countries are increasingly proactive in promoting industrialization and post-industrialization worldwide. China, in particular, with its institutional advantages, is endowed with far-reaching capabilities in pushing forward the new round of globalization

China · Deregulation · Development economics · Economic globalization · Economic system · Economics · Globalization · Industrialisation · Investment (military · Market economy · Political economy · Political science · Politics · Protectionism · Economic Issues in Ukraine · Global trade and economics · International Development and Aid