Economic internal circulation refers to the model in which a country or region mainly relies on the domestic market and resources to promote economic growth, as opposed to the economic external circulation, that is, the model that mainly relies on international investment to promote economic development. Economic internal circulation is not a new concept, but an economic strategy that has appeared in history, such as the New Deal of the United States, Japan's rapid growth, China's reform and opening up, etc., are all measures taken under different historical conditions for economic internal circulation.
The advantages of economic internal circulation are that it can reduce dependence on the external environment, improve the country's autonomy and security, enhance the vitality and competitiveness of the domestic market, promote the upgrading and innovation of domestic industries, and improve the welfare and living standards of the people. The disadvantage of economic internal circulation is that it may lead to a reduction in international cooperation, trigger friction and protectionism, reduce the level of international cooperation and mutual trust, and affect the stability and development of the global economy.
Under the current international situation, due to the impact of the new crown epidemic, the global economy has fallen into a serious recession, and international investment has been greatly impacted. So, against such a background, what is "the most valuable"?Which industries are likely to really benefit?This article will analyze the following three aspects.
Under the mode of economic internal circulation, the domestic market and resources have become the main source of economic growth, which requires the country and enterprises to continuously improve their technological innovation capabilities to meet the needs of domestic consumers, improve the quality and efficiency of domestic products and services, enhance the competitiveness and anti-risk ability of domestic industries, and promote the transformation and upgrading of the domestic economy.
Technological innovation is a dynamic process, it involves a number of fields and levels, including basic research, applied research, product development, marketing, management innovation, etc., it needs to have a good institutional environment, talent training, capital investment, social support and other conditions of cooperation, it also needs to have an open vision, the spirit of cooperation, the passion for creation, the courage to challenge and other qualities of training.
According to the 2023 Global Innovation Index report, China ranks 14th in the GII rankings, up two places from 2022, making it the highest-ranked country in the Asian region and the highest-ranked country among middle-income countries. The report points out that China has made remarkable progress in terms of innovation input and innovation output, especially in scientific and technological innovation, business innovation, and education innovation, showing the strong driving force of China's economic internal circulation.
Technological innovation is the core driving force of the economic internal circulation, and it is also the greatest value of the economic internal circulation, which can bring sustainable competitive advantages to countries and enterprises, bring more well-being and contributions to consumers and society, and bring more opportunities and possibilities for the development and cooperation of the global economy.
Under the mode of economic internal circulation, the utilization efficiency and conservation of domestic resources have become the key factors of economic growth, which requires the state and enterprises to continuously strengthen the concept and practice of green development to protect the quality and safety of the domestic environment, improve the supply and utilization of domestic energy, enhance the balance and recovery of the domestic ecology, and promote the sustainability and health of the domestic economy.
Green development is a rational choice, it involves a number of fields and levels, including clean energy, low-carbon transportation, circular economy, ecological civilization, etc., it needs scientific planning, effective policies, reasonable incentives, extensive participation and other conditions of protection, it also needs a sense of responsibility, shared ideas, coordinated action, innovative methods and other quality improvement.
According to the 2023 Global Green Economy Index Report, China ranks 27th in the Global Green Economy Index, up four places from 2022, making it the highest-ranked country among developing countries and the country with the highest rate of green economic growth in the world. The report points out that China has achieved remarkable results in green investment, green technology, green employment, and green life, showing the important direction of China's economic internal circulation.
Green development is an important direction of economic internal circulation, and it is also the greatest potential of economic internal circulation, which can bring long-term development space for countries and enterprises, better quality of life for consumers and society, and greater responsibility and responsibility for the improvement and protection of the global environment.
Under the mode of economic internal circulation, the distribution and structure of the domestic population have become an important influencing factor for economic growth, which requires the state and enterprises to continuously promote the value and realization of social equity, so as to protect the rights and interests of the domestic people, improve the training and flow of domestic talents, enhance the cohesion and stability of the domestic society, and promote the inclusion and development of the domestic economy.
Social equity is a moral pursuit, it involves a number of fields and levels, including income distribution, educational opportunities, medical security, social security, etc., it needs to have a fair system, reasonable distribution, effective supervision, extensive communication and other conditions for the implementation, it also needs to have a respectful attitude, equal treatment, the spirit of mutual assistance, harmonious atmosphere and other quality improvement.
Social equity is the basic goal of economic internal circulation, and it is also the greatest significance of economic internal circulation, which can bring harmonious social relations to countries and enterprises, more respect and recognition for consumers and society, and more trust and cooperation for the maintenance and promotion of global peace.
Economic internal circulation is an effective strategy to cope with the current international situation, which can bring more autonomy and security to countries and enterprises, more benefits and contributions to consumers and society, and more opportunities and possibilities for the development and cooperation of the global economy. However, the internal circulation of the economy does not mean that the economy is closed, but on the basis of maintaining openness, we should strengthen internal construction and development, achieve internal and external balance and complementarity, and achieve the goal of internal strength and external harmony. Therefore, we should grasp the advantages and potential of the economic internal circulation, avoid the risks and challenges of the economic internal circulation, actively participate in the construction and practice of the economic internal circulation, and make our contribution to the prosperity and progress of the country and the world.
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