By Su Ge, President of China Institute of International Studies

GLOBSEC 2017 Bratislava Forum

The international order has been undergoing the most profound changes and complex adjustments since the end of the Cold War. The multi-polarization of the international order continues, and the globalization of the international economy, often seen as a double-edged sword, continues to deepen amid the challenges generated by the backlash against it. At the same time, traditional and non-traditional security issues are intertwined, and the global economy is confronted with risks and challenges. Global governance, therefore, faces a stark contradiction between the forces of “order” and “disorder”.

Thanks to globalization, capital flows and job opportunities have benefited from free movement and wealth has accumulated in industrialized countries. But as the benefits of globalization have increased, some people have started to blame globalization for outward transfer of domestic factories and the loss of jobs. Anti-globalization, isolationism, and trade protectionism, therefore, are embodied in political populism.

However, we should bear in mind that globalization, with its roots in tariff-free trade, is an inevitable consequence of economic development and despite any setbacks and even reversals it may encounter, its advancement is considered inevitable by many.

China has a vision for the common development of all countries. Development is an essential condition for security. A country or a region with extreme poverty, backwardness and unbalanced development will eventually find it difficult to achieve prolonged stability. The problem of unbalanced development between the northern and the southern hemispheres must be dealt with, to ensure the sustainable growth of the world economy.

The Belt and Road Initiative proposed by Chinese President Xi Jinping has provided new public goods to the international community, especially developing countries in Asia and Europe, and the recent Belt and Road Forum in Beijing shows the initiative continues to gather momentum.

Different countries find themselves with different national challenges and priorities, but they are all aiming for the common goal of peace, development and prosperity through different ways and means. Since it launched reform and opening up over three decades ago, China has been constantly striving to improve itself and find its own development path, one that suits its national conditions. It will stick steadfastly to the concepts of innovation, coordination, environmental friendliness, and open and shared development, and will actively promote structural supply-side reforms and realize sustainable development and bring new opportunities for the development of the entire world economy.

China also advocates political inclusiveness and regular exchanges and mutual learning between different political systems. Countries with different political systems should live in peace, respect each other, openly communicate with each other, learn from each other, and mutually reinforce and jointly support the building of a community of shared destiny for all mankind.