"This globalization will be led by the East， China in particularand others like India，

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by Xinhua Writer Liu Si


BEIJING， March 12 (Xinhua) -- The type of globalization ischanging largely because of the rise of China and the"globalization 2.0" is more about investment， infrastructure anddevelopment rather than just trade in the old times， an Indian-bornCanadian scholar on globalization has said.


Amitav Acharya， writer of the popular book "The End of AmericanWorld Order，" published in 2014 and translated into Chinese， toldXinhua in a recent interview， when teaching at Schwarzman ScholarsProgram at Tsinghua University here.


All the globalization was basically driven by the West and nowthe new globalization will be driven more by the East than theWest， said Acharya， also the Boeing Company chair in InternationalRelations and former president of the International StudiesAssociation.


"This globalization will be led by the East， China in particularand others like India， and it will be based on south linkages，" hesaid.


For Acharya， this is not a prediction but it is happening now.He listed several trends to illustrate his point.


One is from the economic perspective， which is that the relativeshare of the Western world GDP is declining and by 2050 thedeveloping countries could account for 60 percent of the worldGDP.


Secondly， the pattern of international trade is shifting awayfrom north-north trade among the developed countries to south-southamong developing countries.


Connected with trade， investment is also an indicator. Acharyasaid that Asian countries minus Japan have been the largest sourceof foreign investment in the world， and during the last 10 years，the biggest investment in the world was from East Asia.


If you look at these trends， It will not be difficult for you toimagine future globalization is moving away from the West towardthe East， he said.


Particularly pointing out China's role in globalization， Acharyasaid that China's biggest push to globalization is construction ofinfrastructure.


"Infrastructure is not only about trade but also aboutdevelopment，" he said， adding that China now invests more outsidethan it receives from outside and China is building the Belt andRoad and the Asian Infrastructure Investment Bank.


He was referring to the China-led construction of the Silk RoadEconomic Belt and the 21st Century Maritime Silk Road with the aimof building a trade and infrastructure network connecting Asia withEurope and Africa along ancient trade routes.


The AIIB was established in 2015 and started operation inJanuary 2016. With 57 signatory countries and authorized capital of100 billion U.S. dollars， it aims to provide financing forinfrastructure improvement in Asia as a "lean， clean and green"bank.


Figures can tell. China's outbound investment surpassed inboundfunding in 2016. According to official data， China's non-financialoutbound direct investment soared 44.1 percent to 170 billion U.S.dollars and Chinese companies invested in 7，961 overseasenterprises in 164 countries and regions in the past year.


Besides， China's combined imports and exports with countriesalong the Belt and Road topped 6.3 trillion yuan (about. Cheap Jerseys Online Cheap MLB Jerseys Cheap Soccer Jerseys Cheap NFL Jerseys Cheap Adidas NHL Jerseys Cheap NFL Jerseys Wholesale Cheap Replica MLB Jerseys Cheap NCAA Basketball Jerseys Cheap Cheap Hockey Jerseys Wholesale Jerseys Online