Globalization has resulted in the expansion and reorganization of market space. It is generally believed that globalization is the process of international integration through the exchanges of worldviews, products, concepts and other cultural elements. The progress of infrastructure construction such as transportation and telecommunications in countries globally, including telegraphy and the rise of the internet, has promoted and created globalization and the cultural-economic interaction of different countries. Some scholars believe that globalization is a modern concept, while others believe that the globalization process has already begun during the Age of Discovery. Some even suggest that globalization can be traced back to 2000 BC. In 2000, the International Monetary Fund (IMF) defined four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.
The problem is that with the development of globalization, coupled with the increase of production and the expansion of market space, new issues such as global warming, cross-border water and air pollution, overfishing and other environmental challenges have emerged. The globalization process not only affects human interaction, economy, society, and the natural environment, such factors also affect globalization itself, causing widespread anti-globalization and the reversal of globalization.
Because of these issues, government policymakers, as well as party, business and industry, academia and trade union leaders, and also the mass media all discuss the impact of globalization and how it can change people's lives. Many see the growth of international trade and investment in the past 20 years as globalization; they believe that globalization is dissolving the boundaries of various countries and integrating the global markets. All these will cause irrepressible major adjustments and set off a wave of fear.
The international academic community is aware of the extremely complicated globalization issue, and has now divided globalization into three major areas: economic, political, and cultural; researches have been conducted based on these different categories. However, the effectiveness of this kind of researches that responds to the trend remains to be seen.
Looking at globalization from the perspective of trend evolution, it can be concluded that globalization has only just begun, and will not cease at the phenomenal stage, but instead it will continue moving forward based on its logical movement.
Therefore, theoretically there will be a global amalgamation trend. Global amalgamation refers to the integration of world market under the conditions of gradual political, cultural, moral, legal and economic development. It is worth noting that global amalgamation is a continuation of globalization. It is based on consensus and does not rely on religion and ideology as the absolute preconditions.
In responding to this, governments around the world need to realize global amalgamation based on these points: 1. Weakening ideology, allowing ideology to transit from faith to law, thereby making ideology losing its role and value as spatial barriers and allowing transparent institutional rules visible in the social development. 2. Sharing market and capital, technology, in order to achieve market expansion under the balancing condition, which will truly realize mutual benefits and overcome the global problem of absolute self-interest; 3. Comprehensively institutionalizing spatial organizations and their hierarchy, as well as conducting the dialogues, thereby achieving the goal of global amalgamation under the condition of consensus. In other words, global amalgamation can only be achieved through the effective progress and the improvement of the world market organizations and system. In this regard, the future reforms of the WTO organization and the emergence of the TPP are actually quite natural.
How then, can we effectively avoid the future of the global market war? How can we avoid the collapse of the economy and trade tragedy?
The answer is actually quite simple. The world's market war is a kind of anti-globalization; it is the result of the development of conservatism in globally to a certain extent. To prevent further losing control of the situation and to avoid the world market to be in chaos or even in severe conflicts and “hot war", corresponding effective strategies and policies should be formulated to further promote globalization in the right direction, continuing the basic logic of globalization, and moving towards "global amalgamation", rather than slowing down or abandoning globalization as this will only cause the sharp decline of the world market without creating any winners.
If one sees the transition from globalization to global amalgamation from the conceptual point of view, this might just be an utopian dream, but practically similar concepts have taken shape in industries, technologies, and in some less well known areas. Global amalgamation is no news in the cyber world; with the expansion of the internet, it is happening all the time in every part of the world. The same is true in infrastructures. Before the China introduced the Belt and Road Initiative, the interconnection and interoperability of the world's infrastructures was already a trend, pushing for the acceleration in integration of all countries in the world at the basic social level.
At the level of international organizations, the United Nations launched a Global Compact initiative in July 2000 under the framework of corporate citizenship. It is both a policy platform and a practical framework. As a leadership initiative recognized by many CEOs, the UN has established a set of ten universal principles concerning global business operations and strategies and human rights, labor standards, the environment, and anti-corruption in the form of the Global Compact; coordinated actions among these accepted principles were then vigorously promoted. The UN's Global Compact action plan emphasizes consensus and involves a wide range of aspects; it is is actually an enterprise-level initial version of global amalgamation.
What if global amalgamation is impossible to achieve? Globalization has led to the expansion and reorganization of market space， while the reversal of globalization has led to the outbreak of market war. If global amalgamation cannot be achieved, the reversal of globalization will inevitably take charge in the world market, which could only spell market war. The outbreak of the global market war will crush all the successes of the previous globalization, and cause the world economy to be stagnant, or even force it to return to what the world economy used to be; a large amount of capital investment would then be wasted, and every country would be trapped in a smaller areas as the existing world market space would be greatly compressed, and the fluctuations in the world's financial markets would be difficult to suppress. Economic crisis would then loom over the world. To avoid such chaotic prospects, it is only necessary to continue to promote global amalgamation to resolve the various negative issues left by globalization. This is a serious challenge to test the political wisdom of all countries in the world.
