The Sunan Ampel Review of Political and Social Sciences
Vol. 3 No. 2 (2024): June

How China Embraces Globalization: From Economic Reform to Global Outreach

Amaliyah, Ridha (Unknown)



Article Info

Publish Date
27 Jun 2024

Abstract

China's status as a world economic and political power affects the structure of relations in the Asia region and the global economy. Understanding China's responses to the globalized economy and its current position is a crucial intellectual exercise that offers insights into alternative economic development and governance models. China is an example of a country that has successfully developed utilizing the momentum of globalization, which many scholars overlook. This paper aims to describe China’s political-economic relations in response to globalization. A literature review method is utilized through various academic sources. This paper finds that China's tremendous productive modalities have been a significant factor in the country's march to global economic dominance. China’s accession to the WTO and sustained economic reform and restructuring efforts in the domestic political economy sphere induced a convergence towards internationally accepted financial and market interaction standards. Development milestones ranged from the sources and destination of foreign investments, export-led manufacturing, and BRI projects to green economy policies. China introduced three brand-new initiatives as a strong impetus for advancing humanity’s modernization process and building a community with a shared future for mankind.

Copyrights © 2024






Journal Info

Abbrev

sarpass

Publisher

Subject

Social Sciences

Description

The Sunan Ampel Review of Political and Social Sciences (SARPASS) is a peer-reviewed journal published biannually by the Faculty of Social and Political Sciences, State Islamic University of Sunan Ampel, Surabaya, Indonesia. The SARPASS covers scholarly articles in the fields of political and social ...