of participating in and contributing to a broader economic
order. From a precarious role in the world arena to our
present WTO membership, we have come a long way.
But what does the way ahead look like? In some parts of the
world people are demonstrating against globalization. Are they
justified, then, in criticizing the globalizing world? Instead
of narrowing the gap between the rich and the poor, they say,
globalization enables the developed nations to swallow the
developing nations' wealth in debts and interest.
Globalization, they argue, should be about a common interest
in every other nation's economic health.
We are reminded by Karl Marx that capital goes beyond national
borders and eludes control from any other entity. This has
become a reality. Multinational corporations are seeking the
lowest cost, the largest market, and the most favourable
policy. They are often powerful lobbyists in government
decision-making, ruthless expansionists in the global market
and a devastating presence to local businesses.
For China, still more challenges exist. How are we going to
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