The Third Wave of Globalization

Name: The Third Wave of Globalization
ISBN: 9787516221556

王世渝China Democracy and Legal System Publishing House · ChinaFeb 2020

3.3

Word count: 166K words
Chapters: 42
ISBN: 9787516221556

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Summary

In 2019, as global growth slowed, the US-China trade conflict escalated and a new wave of technological revolution built on 5G arrived, the world's industrial, value, supply, information and capital chains shifted, giving rise to a new era of globalization. At the intersection of the second and third waves of globalization, how should China manage its relationship with the world, and how should Chinese companies participate deeply in globalization? From the vantage of capital and industry, the author analyzes the three waves of globalization across multiple dimensions, revealing their causes, meanings, features and impact on the world economy and politics, and predicting the trajectory of the third wave and the logic of a rebuilt world economic and political order. The book also examines China's role and position in the three waves and ventures a forecast of the possibility and manner of China leading the third wave, offering a comprehensive and substantial "thinking guide" for China's economy and companies to participate deeply and integrate into globalization with high quality.

Editor's review

The Third Wave of Globalization is seasoned investment banker Wang Shiyu's profound, systematic Chinese reflection on today's shifting world order, drawn from over thirty years of financial practice and global observation. More than an economic treatise, it interweaves historical context, geopolitics, technological revolution and financial capital to advance a central thesis: we stand at the threshold of an entirely new phase of globalization driven by digital technology and China's rise. The author argues that the first two waves were led by colonial trade and multinational capital, while the third will be driven by "digital globalization" and "Chinese solutions." The book analyzes how the Belt and Road Initiative, RMB internationalization and digital economy platforms may reshape global rules and industrial chains. Its value lies in offering an analytical framework that goes beyond easy optimism or crisis warnings, helping readers understand the long-term logic behind US-China rivalry, supply chain restructuring and digital currency competition. Combining the pragmatism of a financier with a strategist's vision, the author pairs grand historical narrative with concrete industry cases, making the argument forward-looking yet grounded. For readers seeking to see through the complexity of international news and grasp the main lines of global development over the next five to ten years, this book is a rare cognitive map.

Who it's for

A good fit for

Readers following the global economic landscape, US-China relations and the future of globalization
Professionals and researchers in finance, investment and trade seeking a macro understanding of industry change
Observers deeply interested in national strategies such as the Belt and Road Initiative, the digital economy and RMB internationalization
Reflective readers who prefer historical and systemic analysis over fragmented information

Not a good fit for

Readers seeking light entertainment or simple answers; the book is serious and assumes some background knowledge
Investors expecting purely technical analysis or short-term market forecasts; the book focuses on long-term trends and structural analysis

Reading tips

Read the preface and first chapter first to grasp the author's core framework dividing the three waves of globalization and establish your bearings.
Think about current international financial news as you read, for example comparing the book's views with real-world supply chain adjustments and regional trade agreements.
The book covers many financial and historical concepts; slow down or consult basic references where unfamiliar, and don't expect to absorb everything in one reading.

About the publisher

China Democracy and Legal System Publishing House China · Founded in 1989

China Democracy and Legal System Publishing House focuses on professional legal publishing. Its output covers working materials for state organs of power, compilations of laws and regulations, legal popularization readers for the public, law textbooks and documentation on people's congress work, with law, politics and social sciences as common categories. Representative titles in the catalog include the Civil Code of the People's Republic of China, the Constitution of the People's Republic of China and the Ecological Environment Code of the People's Republic of China, alongside practice- and research-oriented works such as Legislators Explaining the Law: Li Yuan's Reports on Legal Interpretation and On Record Review and Constitutional Review. Its authors include Li Yuan, Qin Qianhong, the General Office of the Standing Committee of the National People's Congress and editorial teams. The press emphasizes accuracy in legal texts and the organization of practical people's congress materials, while also serving public legal education.

版权信息
自序
第一章全球化并非一个新命题
全球化梦想曲
全球化与逆全球化
经济全球化背后那只看不见的手
全球化与宗教
人是全球化的核心
第二章大英帝国和其领导的第一次全球化浪潮
第一次工业革命把全球化带到了一个新阶段
英国为什么能成为领导者？
浪潮结束，帝国也随之没落
第一次全球化浪潮的特征
中国与第一次工业革命失之交臂
第三章美国主导的第二次全球化浪潮
美国取代英国成为世界经济新的领导者
东西方对峙造成两大完全对立的全球化模式
第二次全球化浪潮的特征
第四章第二次全球化浪潮的经济形态
国际经济组织构建了全球化的经济秩序
美元成为世界货币
全球范围内的产业链、价值链、供应链关系
第二次全球化浪潮中的多位主角
中国与第二次全球化浪潮的融入及不适
第五章第三次全球化浪潮已然开始
浪潮始于何时？
第三次全球化浪潮的特征
中国与第三次全球化浪潮
第二次全球化浪潮和第三次全球化浪潮的交织
第三次全球化浪潮由谁领导？
为什么是华为？
第六章比较中看清浪潮的走向
三次全球化浪潮的推动力量
经济浪潮背后的制度体系
遍及全球的金融体系
全球化操作实体的变化：国家、公司、个人
三次全球化浪潮的时空关系
第七章三次全球化浪潮影响下的世界
第一次全球化浪潮中诞生了第一批发达国家
第二次全球化浪潮带来世界范围内的秩序重构
两次浪潮交织中的多重可能
后记

FAQ

What is the book's main argument?

Its core argument is that the world is entering a "third wave of globalization" characterized by digital technology and China's deep participation, which will reshape global governance, industrial chains and the financial system.

Do I need a strong economics background to understand it?

The language is relatively plain and the author strives to make complex concepts accessible. Basic knowledge of economics and international relations suffices, though deeper understanding requires some reflection and connection-making.

Is the book's stance objective?

The author writes from the perspective of a Chinese financial practitioner, actively exploring China's role and solutions in the new era of globalization. It offers a distinct and substantive Chinese perspective that readers may weigh against other viewpoints.

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About the author

王世渝 Author

Wang Shiyu is an author of finance and social-science books whose work centers on globalization and the digital economy. Public information about him is limited, but his writing clearly engages with shifts in economic forms and changes in the global landscape. Two of his titles are available here, namely "Globalization Driven by the Digital Economy" and "The Third Wave of Globalization," both falling under finance and social science. Judging from their subjects, he tends to examine the power of digital technology and the process of globalization within a single framework, discussing how the two shape each other and trying to trace the different forms globalization has taken at different stages. His writing addresses real economic questions with a certain macro and forward-looking quality, and it seeks clarity in language for general readers and practitioners interested in economic trends and global change. No reliable information is currently available about his nationality, dates of birth and death, education, or professional career.