Sixteen scholars around the world call for the construction of an open economy

As the leaders of the Group of Twenty (G20) are about to arrive in Japan for the summit, 16 experts and scholars from all over the world have jointly completed the open world economic report, which helps leaders to build consensus in a challenging international situation.

The report on the Forward-looking Policy of the G20 Osaka Summit-Building an Open World Economy, compiled by China Watch, a communication think tank of China Daily, and the Institute of World Economy and Politics of the Chinese Academy of Social Sciences, explores the importance of building an open global economy together, and how to coordinate the development of the global economy through a wide range of policies and cooperate in a wide range of channels to achieve the package. Sustainable development. In the report, 16 well-known experts and scholars clarified the feasible path to build an open world economy:

The risks and challenges facing the world economy at present should not be attributed to economic globalization, but to the consequences of outdated concepts such as zero-sum game and winner-take-all.

Open world economy is characterized by specialization, trade growth and rule-based international governance, which can stimulate scientific and technological progress and high-quality personnel training, and promote innovation and inclusive development.

Multilateral mechanisms, including the G20, remain the focus of global governance and the grasp of solving complex transnational problems. However, multilateral mechanisms need to strengthen their docking with regional/subregional mechanisms and integrate them with special arrangements in the areas of finance, infrastructure and climate change. It is in everyone's interest to build an open world economy. It enables governments to respond more flexibly to changes, enterprises to pay more attention to innovation, and individuals to adapt to change, competition and continuous learning. To build an open world economy, we need to strengthen innovation and develop new technologies, which can improve the efficiency of resource utilization and provide new solutions to current and future challenges.

Building an open world economy requires integration with the overall global development agenda, such as the United Nations sustainable development goals, to ensure that the process of an open world economy benefits everyone.

Forward-looking Policy Report will be officially released on June 25 at the International Forum on Building an Open World Economy in Osaka.