1. The economic gloabalization extremely add the instability of developingcountry’s economy. It makes the world-wide countries’ connection close. During the process of economic gloabalizing, the dependance between each country was strengthened unprecedented. It has surpassed 30% of which most countries depend on exportation, and has reached 50%-60% of a few countries. In this situation, the influent of economic rocking and economic crisis will be usual and inevitable. Since 1990’, as the gradually opening of each country’s account, the independence of most countries’ (especially developing countries) monetary strategy has been seriously threatened. In 1997, the exchange rate crisis of Thailand rapidly flew to the whole southeast area, South Korea and Japan. It then became a serious regional economic crisis which flew to Russia and Latin America, and then became the actual global economic shock. The international hot momey must be the improtant reason why the global economic is instable. Since 1960’, although each country’s economists have been seeking a way to supervise the international hot money, and some countries which has been hurt by it had tried to enhance capital control. But generally speaking, these research and efforts didn’t work well. The root cause is that under the circumstance of the rapidly global economy and trading unification, the validity of capital control is reducing. The internal hot money could choose a detour or escape from the capital control by many ways conveniently. So, weather it is stable that the developing countries’ domestic economy is not only decided by domestic factors but also significantly affected by the international factors.
2. ．The economic globalization makes fortune move towards few developed countries and banifit groups more and more. It enlarged the economic development imbalance between developed countries and developing countries. The imbalance is mainly reflected in a large difference between developed countries and developing countries. The essence of economic globalization is the process of worldwide marketing. In this process, competition creat effectiveness, and it makes fortune move towards few developed countries and benefit groups more and more, which lead to the enlarging of gap between rich and poor. The reasons that caused enlarging of the gap are various in many aspects, but there are two elements that can’t be neglected. First, it is unfair in distributing the profits of economic globalization. Although almost countries taking part in the economic globalization benefit from it more or less, it doesn’t mean equal opportunities. Since the developted countries as the capital and advantaged technology owner actually, are always on a central position of globalization. This relative advantage makes them have privilege in price making, which will inevitably get them more profits in trading with developing countries. Secondly, it is the nominal exchange rate reducing that caused the nominal GDP value reducing. In the past decade, because of various reasons, many developing countries’ nominal exchange rate has declined much more. In some countries that is in crisis, the nominal money devaluing lead to the declining of nominal GDP. And the worse economy condition which caused by actual devaluing that caused by nominal devaluing will make them pay out greater price in international trade.
3. The economy globalization gets the developing countries weak in economy autonomy. In the process of economy globalization, the independence of developing countries’ economy autonomy (especially in tax and monatory strategy aspect) is facing a tough challenge. There are two different forms of this challenge. One of them is the transfering of economy autonomy. From the repeatedly tax reducing and trade liberalization negotiations of GATT (now refers to WTO) to the passive economy strategy adjusting for getting support from the IMF that many countries have done in economy crisis. All these are some kind of actively autonomy transfering. Generally speaking, this transfering benefit relative countries, as they can get a number of expecting payback from it. The other of them is that the international individual economic power encroach the economy autonomy. The typical example is international companies. Because the strategy aim of them seldom accompany with the host country’s economy developing aim. So they often show the instinct refusing and evading to the host country’s policies and measures. Many countries’ experience proved that during the period of exchange rate rocking, the international corporates are always the one which should be responsible for the wide-ranging monatory speculation activities. Obviously, in the procss of economy globalization, developing countries that take advantage of direct investment from countries abroad should pay highly attention to these aspects.
The environment resession steping with the economy globalization.