The Chinese Dream: Rejuvenation of the Nation and the Outside World

Abstract

The economic growth of China has benefited from the globalization that emerged in a peaceful environment, which in turn increases China’s dependence on a peaceful environment and globalization. To economists, globalization is nothing but a process with an ever-increasing market. Production elements and commodities scattered in different parts of the world are constantly involved in an increasingly integrated global market and the expansion of the market will lead to the enhancement of labor division and specialization, one direct result of the latter is the increase of productivity of labor and long-term economic growth. The above has been the ideal paradigm portrayed by the classical economic growth theory. Given deepening insights into the market mechanism, there has been greater recognition that the expansion of the market size is not non-conditional.