Political Parties' Wisdom and Strength for Global Economic Governance
- By Liu Yunshan
0 Comment(s)
Print
E-mail China.org.cn, October 19, 2016
Liu Yunshan, a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC), delivered a keynote speech at the opening ceremony of the CPC in Dialogue with the World 2016, held in Chongqing from October 13 to 15. The following is an excerpt of his speech. [Full text]
|
|
|
Liu Yunshan, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, delivers a keynote speech at the opening ceremony of the CPC in Dialogue with the World 2016 on Oct. 14. |
Global economic governance is closely linked with global economic development. Currently, the global economy is undergoing deep adjustments and tortuous recovery. Meanwhile, with the evolution of the global economy, there have been some new developments and trends in global economic governance.
First, the agenda of global economic governance keeps expanding. There are an increasing number of factors to be taken into consideration, which are not limited to traditional ones such as international trade, investment and finance, but also non-traditional security challenges such as ethnic and religious conflicts, terrorism and so on. Second, the entities participating in global economic governance have become more diversified. Besides sovereign states, more non-state actors such as international organizations, international corporations and non-governmental organizations are increasingly engaged in the process of global economic governance, and are playing a more important role in setting international agenda and in rule-making. Third, there is increasing demand for reforming the system for global economic governance. Faced with rising global challenges, the existing system for global economic governance finds it hard to fully adapt, especially to the rise of emerging economies and developing countries. Attention is now focused on pushing the global economic governance to be more just, equitable, and efficient.
Improving global economic governance is not only a task for states, but also a common responsibility for political parties.
--- Political parties should offer guidance in global economic governance. Political parties represent the people. It is a responsibility of political parties' to boil down the people's demands and ideas into theories and platforms that specify the direction of progress and the final destination. Nowadays, the global economic governance is at the crossroads. Political parties should strengthen their guidance of the public opinion, help people realize the trend towards economic globalization, and push the global economic governance towards a more just and equitable direction.
--- Political parties should cultivate talents for improving global economic governance. Promoting global economic governance requires the participation of talents in all fields and strong support from all stakeholders. Galvanizing people is not only political parties' basic function, but also their natural responsibility. Political parties also enjoy vast potential when it comes to cultivating and pooling the forces for global economic governance. They can contribute to global economic governance by uniting and leading all party members to utter one voice, by galvanizing and organizing their supporters to take constructive actions, and by further leveraging their role of liaising, selecting, and cultivating competent personnel in all sectors.
--- Political parties should enable progress in global economic governance. Political parties play an important role in a country's political life and foreign relations. They can promote the process of global economic governance not only through actively setting agenda, having wide consultation, and forging consensuses, but also through participating in or leading the government's decision-making, and through encouraging governments, enterprises, the public, and social groups to take actions. Moreover, international exchanges and cooperation between political parties also play an irreplaceable role in global economic governance.
China's economy has been deeply integrated into the global economy, and that process has deepened our understanding of the philosophies of global economic governance.
First, we advocate open and inclusive governance. Since ancient times, the Chinese has believed that the "world is a big family", and advocated ideas such as "achieving harmony while retaining differences" and "countries should all live in harmony". History has taught us that openness brings about development, and inclusiveness promotes harmony. Global economic governance should be open in orientation, philosophies, policies, and mechanisms, take in criticisms and advice from all corners, and respond to concerns and demands of all sides. We need to abandon bunker mentality and its resultant actions, encourage the engagement of all sides, reject isolationism and egocentrism, refrain from seeking spheres of influence and exclusive arrangements, avoid drawing lines by ideologies or value systems, and prevent the insulation of governance mechanisms and the fragmentation of rules.
Second, we advocate governance that is conducive to win-win cooperation. In the current world of economic globalization, nowhere is completely isolated from the rest of the world. As residents of the global village, we need to cultivate a sense of community, advocate a new philosophy of global governance focusing on win-win cooperation, and leverage cooperation to achieve win-win results. It is in this spirit that we emphasize time and again that the "Belt and Road" Initiative is not a recital of China, but a symphony of countries along the routes. Countries should enhance communication and coordination, attend to each other's interests and concerns, confer with each other in rule-making, build mechanisms together, face challenges jointly, and share the fruits of success.
Third, we advocate governance featuring gradualism. Traditional Chinese governance philosophy tells us to "go slow in order to go far". Our wise forefathers have realized that national governance requires long-term vision, meticulous planning and persistent efforts. Global governance can't be expected to be overhauled overnight with drastic measures. The current system for global economic governance has played an important role in ensuring the macro-economic stability of the world. However, there are some unjust and inequitable arrangements. To address them, we advocate gradual reforms and incremental improvements rather than drastic overhaul. The new mechanisms and initiatives proposed by China do not seek to form a separate system. Rather, they represent instrumental additions and improvements to the existing international system, and are innovations in line with the requirements of the times.
Fourth, we advocate governance that addresses both the symptoms and the root causes. We believe global economic governance should promote long-term structural reforms on top of handling short-term crises. Besides addressing urgent security issues, it should also prioritize development and enhance governance efficiency while maintaining equality. Global economic governance should focus on solving major dilemmas affecting global economic governance. Notably, building on equality, it should more accurately reflect the new reality of the global economy, boost the representation of emerging market economies and developing countries, ensure the equality of rights, opportunities, and rules of all countries in international economic cooperation, and strive to enable global economic governance to be more reflective of most countries' will and interests.
Fifth, we advocate pragmatic and effective governance. Chinese people have always adopted a fact-based and pragmatic approach to solving problems. In promoting global economic governance, all relevant parties should take concrete actions to implement consensuses. In global financial governance, governance in trade and investment, and energy governance, we should strive to make some early achievements which can be readily delivered to countries and peoples throughout the world. We need to adapt to changes, promote relevant international organizations to improve their operation mechanism and efficiency through reforms, and achieve the modernization of the global economic governance system and of governance capacity.
Go to Forum >>0 Comment(s)