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Abstract Economic globalization is the inevitable result of the economic developing
process, which has experienced three developmental phases: commercial capitalism,
vertical rank division of labor of industrial capitalism, and global rank division of labor.
This paper holds that evolution of economic production activity brought about by the third
science and technology revolution provides a strong material and technological basis for
economic globalization. The development of productivity brought forth by the new
technological revolution exacerbates the supply–demand contradiction in capitalism and
becomes the important propelling factor that promotes monopolistic capital to push
outward to the rest of the world. The multinational corporations that master high
technology and huge capital become the main powers that propel global production rank
division of labor. Because of the aspiration for industrialization and modernization, East
Asian countries have become the propelling power for economic globalization.

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春节快乐

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