What Is International Economic Development?

International economy (International Economics) refers to the economic links formed by the flow of goods, capital, and other factors of production between countries in order to maximize national interests and balance global interests under the conditions of an open economy.

International economic

International Economics (International Economics) means

The theoretical support of the international economy is

A survey of 60 well-known economists shows that the US's economic growth rate of 2.0% in the third quarter may increase from expectations to 2.8%. Although the current economic situation has some uncertainties, it can be certain He said: The U.S. economy will once again be far ahead of the euro and yen areas.

The growth of the US economy will come from several sources:

First of all,

Impact of International Economy on China's Economy

With the development of economic globalization and China's accession to the WTO, China's economy has become closer to the world economy. Changes in the international economic situation have affected many aspects of China's domestic economy. Changes in the world economic environment have added uncertainty to the stability and development of China's macro economy, and also created new difficulties for the government's macro-control. The impact of changes in the world economic environment on China's economy should be said to be multi-faceted, with direct and indirect effects. Some effects have been revealed and will continue to be revealed. For example, the prices of primary products such as crude oil, grains, petroleum, edible vegetable oils, and mineral products have continued to rise, significantly increasing the pressure and threat of controlling inflation in China, and increasing the difficulty of controlling inflation. Some factors have not constituted a direct and substantial threat in the short term. For example, the deceleration of the US economy, although reducing external demand, has also caused China's export growth to slow down compared with the previous period. However, to a certain extent, these factors have no major conflict with China's regulatory objective of preventing economic growth from shifting from overly fast to overheating.

Specifically:

(1) Impact on foreign trade exports

Demand growth in major economies such as the United States, Europe, and Japan, and the restoration of import and export trade are conducive to the growth of China's foreign trade exports. As the US dollar s position changes, the US dollar may fluctuate in a relatively low-price region, so China s terms of trade will remain relatively favorable. In addition, the rise of international trade protectionism has brought serious obstacles to the expansion of international trade, and China's foreign trade exports are inevitably affected. In the first quarter of 2008, foreign countries initiated 11 investigations on anti-dumping and safeguard measures against China, involving a total amount of US $ 330 million. In particular, some countries have established some non-tariff barriers specifically for Chinese goods under special safeguard regulations, which will increase China's rapid export growth The difficulty of this trend deserves our close attention.

(2) Impact on the use of foreign capital

At present, international direct investment is becoming more active, and cross-border mergers and acquisitions are still the dominant method of international direct investment. China has introduced relevant regulations in this regard, which will promote the promotion of international mergers and acquisitions of capital. The situation of overseas equity financing is also relatively optimistic. After the global stock market stopped falling and rose, the financing atmosphere has clearly improved. This is more favorable for Chinese companies to list overseas and issue stock financing. Since 2004, many large state-owned enterprises in China have been interested in seizing the favorable opportunity of the current international capital market to go abroad for financing. In addition, the depreciation of the US dollar has lowered the prices of investment products and employees employed by investors in the euro area and Japan in China, which will also increase the attractiveness of the Chinese market to foreign investors. However, as the level of economic growth in developed countries improves, it will attract inflows of mainstream international capital, and China will face more intense competition in the use of foreign capital.

(3) other influences

As the exchange rate of the US dollar against major currencies has fallen sharply, the yuan is also facing upward pressure. Although it is unlikely that the U.S. dollar will continue to fall sharply, the international pressure on the yuan to appreciate still remains. The US Federal Reserve has continuously lowered the interest rate of the US dollar sharply and caused other countries to follow up with interest rate cuts. The interest rates of the world's major economies are at a low level, which also has a certain impact on China's adjustment of the RMB interest rate to regulate economic operations.

Countermeasures China can take in the international economy

China needs to respond positively to changes in the international market.

Chinese countermeasures

In terms of macro policies, we must deal with three aspects of the relationship: one is the relationship between controlling inflation and maintaining economic growth; the second is the relationship between expanding domestic demand and maintaining a reasonable increase in external demand; the third is to maintain the stability of the real economy The relationship between faster growth and the health and stability of the virtual economy, in particular, to curb excessive price increases as the primary goal, and to strike a balance between controlling inflation and maintaining stable and rapid economic growth.

In terms of short-term policies, the first aspect is to continue to adhere to a prudent fiscal policy and a tight monetary policy, strengthen liquidity management, and maintain a reasonable growth of money and credit. The second aspect is to adjust the parity relationship between labor and farm income, increase subsidies to agriculture, prevent excessive increases in labor income, lead to a spiral increase in prices and wages, and reduce inflationary pressures driven by labor costs. . The third aspect is to vigorously develop agricultural production, increase agricultural product imports, strictly control agricultural product exports, establish and improve green channels for agricultural product transportation, reduce circulation costs, and increase the supply of agricultural products. The fourth aspect is to actively carry out multilateral trade, further explore emerging markets, optimize the trade structure, increase the competitiveness of export products, and maintain rapid export growth and the basic balance of imports and exports. The fifth aspect is to focus on stabilizing the stock and property markets and promoting the healthy development of the stock and real estate markets.

From the perspective of long-term policies, it is mainly to deepen reforms, change the growth mode, adjust the economic structure, focus on independent innovation, and improve the overall competitiveness of the country and enterprises.