Economic globalization refers to the process that world economic activities transcend national boundaries and form a global organic economy as a whole through foreign trade, capital flow, technology transfer, service provision, interdependence and interconnection. Economic globalization has the following five main manifestations.

I. Definition of economic globalization

The term "economic globalization" was first put forward by T. Levy in 1985, and there is no accepted definition so far. The International Monetary Fund (IMF) believes that "economic globalization refers to the increase in the scale and form of transnational trade and capital flow of goods and services, as well as the extensive and rapid spread of technology, which makes the economies of all countries in the world more interdependent".

Second, the main manifestations of economic globalization

1, the globalization of production and trade-the growth of trade exceeds the growth of production;

Due to the development of science and technology, the relatively stable development of the world economy after the Second World War and the gradual reduction of various trade barriers, the world trade flow has grown very rapidly in recent decades. Many data show that the proportion of trade among countries in the world in GDP is increasing, more and more production is oriented to the world market, and global economic integration is further strengthened.

2. Globalization of international capital flows-international direct investment exceeds the growth of trade;

A remarkable feature of the world economic globalization at the end of the 20th century is that the growth of global cross-border capital flows has surpassed the growth of global production and global trade, which has promoted the process of economic globalization.

3. Transnational corporations have become the main driving force of economic globalization;

A multinational company refers to an enterprise that has the ability to coordinate and control the production and sales of products and services between two or more countries.

4. Financial globalization has become an important part of economic globalization;

With the globalization of the world economy, financial activities are also increasingly globalized. Financial globalization refers to the process that global financial activities are increasingly closely linked. Nowadays, people pay more and more attention to the problem of financial globalization.

Financial globalization has become an integral part of economic globalization. In the process of financial globalization, the international capital flow is constantly strengthened, which makes the traditional "international finance" and "domestic finance" gradually integrated, and the rules and regulations of international business and domestic business are gradually unified, so countries can choose investors and fundraisers on a global scale.

5. The rapid development of post-war science and technology is the foundation of economic globalization;

After the Second World War, modern science and technology, represented by computer technology, advanced by leaps and bounds, which brought great influence to the global economic development. The development of modern science and technology has become a solid material and technical foundation and a great driving force for economic globalization.