Release Date: November 5, 2021
World Openness Report 2021
Institute of World Economics and Politics, CASS
Research Center for Hongqiao International Economic Forum
Full ReportContents
Preface Let the Light of Opening-up Shine the Way Forward of Mankind
I. History as a Mirror
II. Questions of the Times
III. Development Trends of the World
IV. China’s Path
Chapter I World Openness Index: Concept and Theories
II. Theory of Opening-up to the Outside World
III. Opening-up Practices in Foreign Trade and Investment
IV. A Framework on Opening-up Model of National Economy
Chapter II World Openness Index: Methodology
I. Principles of Measuring Opening-up to the Outside World
II. Indicators Measuring Opening-up to the Outside World
III. Basic indicator data processing and weight setting
Chapter III World Openness Index: Results and Analysis
III. Optimal Level of Openness
Chapter IV Economic Globalization and the Megatrend of Global Openness
I. Development of Economic Globalization
II. Increasing resistance to economic globalization
III. Momentum of Economic Globalization Remains
IV. New Economic Globalization Trends against the Backdrop of Novel Coronavirus Pandemic
Chapter V WTO and Global Economic Governance
I. WTO as Important Pillar of Global Economic Governance
II. Regional economic and trade arrangements represented by free trade areas on the rise
III. New trends evolving from global economic governance
Chapter VI Cooperation in Global Trade and Investment Opening-up
I. Opening-up Practices in International Trade
II. Opening-up Practices in International Investment
III. Achievements of Trade and Investment Opening-up Cooperation
IV. New Progress in Promoting Trade and Investment Opening-up under the New Situation
Chapter VII History and Great Achievements of China’s Opening-up
I. China’s Road of Opening-up and Development
II. Achievements and Contributions of China’s Opening-up
III. Experiences and Lessons of China’s Opening-up Development
IV. Prospect of promoting high-level Opening-up to the outside world
Chapter VIII Fostering a New Development Paradigm through High-Level Opening-up
I. New Development Paradigm Set to Be the Choice in the New Phase
II. Expanding Domestic Consumption to Foster A Powerful Domestic Market
III. Promoting An Internal-External Virtuous Cycle to Push Forward High-Quality Development
IV. Always Adhering to Reform and opening-up as A Strong Driving Force
Chapter IX Pilot Free Trade Zone and Free Trade Port Mark New Heights of Reform and Opening-up
I. Active Exploration of Opening-up to the Outside World in the New Era
II. New Results of First Trials in Reform and Opening-up
III. Prospects of Development of Free Trade Zones and Ports
I. Firmly Safeguarding Multilateral Trade System
II. Accelerating Construction of Free Trade Areas
III. Actively Participating in Various Economic Governance Mechanisms
IV. Pushing Forward Efforts to Improve Global Economic Governance System
I. CIIE as A Ground-Breaking Initiative to Expand opening-up in the New Era
II. CIIE as A Comprehensive and open Platform Shared Globally
III. Jointly Improving the Quality of CIIE
Chapter XII BRI is the China Plan for Jointly Building a Community with a Shared Future for Mankind
I. The BRI Starts A Chorus of Openness Cooperation
II. Remarkable Results Achieved in Carrying Out BRI
III. Stable and long-term success in the joint construction of the BRI
Conclusion Global Openness Prospect
I. World Openness Rankings
II. World Openness Index
III. Theoretical Models of One Economy Opening-up to the Outside World
IV. Treatment of Missing Values of Indicators
V. Dimensionless calculation of indicators
VI. On the Results of Openness Measurement
VII. Comparison between Openness Index and Other Indices
Figures
Figure 3-1 |
World Openness Index, 2008-2019 |
Figure 3-2 |
Openness Index, 2008-2019: the 10 Economies with Largerst Change in the Ranking and G20 Members |
Figure 3-3 |
Changes in Openness Ranking from 2008 to 2019: 129 National Economies |
Figure 3-4 |
Openness Index, 2008-2019: G20 and the World |
Figure 3-5 |
Openness Index, 2008-2019: Advanced Economies and Emerging economies of G20 |
Figure 3-6 |
Openness Index and Its Places in Ranking, 2008- 2019: United States |
Figure 3-7 |
Openness Index, 2008-2019: United States, G20 and It Advanced Members, and the World |
Figure 3-8 |
Openness Index and Its Place in Ranking, 2008-2019: China |
Figure 3-9 |
Openness Index, 2008-2019: China, United States, G20 and Its Advanced Economies and Emerging Economies, and the World |
Figure 3-10 |
Openness Index, 2008-2019: Central Asia, East Asia and Pacific, Europe and Central Asia, Middle East and North Africa, North America, South Asia, and Sub-Saharan Africa |
Figure 3-11 |
Openness and Economic Development, 2018: 129 National Economies |
Figure 3-12 |
Openness and GDP Per Capita,by income groups, 2008-2019 |
Figure 3-13 |
Openness and Size of National Economy, 2018 |
Figure 3-14 |
Openness and Economic Size, 2018, by Three Categories of Sizes |
Figure 4-1 |
Evolution of World Trade, 1950-2020 |
Figure 4-2 |
Globalization index |
Figure 5-1 |
Evolution of Regional Trade Agreements in the World, 1948-2021 |
Figure 6-1 |
Weighted average applied tariff rate of all products, 1994-2017 |
Figure 6-2 |
Economies with the greatest achievements in investment liberalization reform |
Figure 6-3 |
Development of Special Economic Zones |
Figure 6-4 |
Global trade in goods to GDP ratio (%), 1990-2020 |
Figure 6-5 |
Export of goods of the developed and developing countries and their shares, 1948-2019 |
Figure 6-6 |
Global FDI flows, 1990-2020 |
Figure 7-1 |
China’s share in world GDP, 1990-2020 |
Figure 7-2 |
Changes in Export and Import Proportions of China’s Major Trade Partners in 1995 and 2020 |
Figure 7-3 |
Foreign Capital Actually Utilized by China, 1984-2020 |
Figure 7-4 |
China’s ODI Flows and Place in Global Ranking, 1990-2020 |
Figure 8-1 |
Chna’ s Ratio of disposable income per capita to GDP per capita (%), 2013-2020 |
Figure 8-2 |
Rato of Total logistics cost to GDP, 1991-2019: China, United States and Japan |
Figure 8-3 |
Share of final consumption and capital formation in China’s GDP, 1978-2020 |
Figure 8-4 |
China’s trade value and its share in worl total, 1978-2020 |
Figure 9-1 |
Number of special management measures in the negative list for pilot free trade zones since 2013 |
Figure 11-1 |
Import of China, France, Germany, Japan and United States, 1978-2020 |
Figure 11-2 |
World Trade and GDP, 1999-2020 |
Figure 12-1 |
China’s trade in goods with countries involved in BRI, 2013-2020 |
Figure 12-2 |
Comparison between the two BRI summit forums |
Figure 12-3 |
Number of China-Europe freight trains, 2013 – 2021H1 |
Figure 12-4 |
Shares of 3 regional parters in China’s foreign trade, 2013-2020 |
Tables
Table 3-1 |
Openness Rankings, 2008-2019: the 40 Most Open National Economies |
Table 3-2 |
The 20 Most Open Economies, 2008 and 2019 |
Table 5-1 |
Multilateral trade negotiations in nine rounds |
Table 6-1 |
Regulations on foreign shareholding ratio in financial industries of some major economies |
Table 7-1 |
China’s Foreign Trade Growth and Global Share (%), 1982-2020 |
Table 11-1 |
China’s foreign trade |
Table 12-1 |
Projects contracted with Chinese enterprises in countries involved in BRI, 2013-2020 |
A.1 |
World Openness Index, 2008-2019 |
A.2 |
A comparison between world openness ranks and other six major ranks 2017 |
Boxes
Box 1-1 |
Other concepts related to cross-border opening-up |
Box 4-1 |
Global production network of Boeing and Apple |
Box 4-2 |
Populist movements in history |
Box 4-3 |
New development trends of global value chain |
Box 4-4 |
Carbon border tariff of the United States and European Union |
Box 4-5 |
Technologcial development promotes economic globalization |
Box 5-1 |
Relevant terms of WTO |
Box 5-2 |
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) |
Box 5-3 |
RCEP: the Largest FTA in the World |
Box 5-4 |
Regional Trade Arrangements and Multilateral Trading System |
Box 8-1 |
Role of standards in international economic and trade cooperation |
Box 8-2 |
On-the-border opening-up and behind-the-border opening-up |
Box 8-3 |
Implementation of China’s Foreign Investment Law |
Box 9-1 |
China’s first negative list for foreign investment access to domestic market |
Box 9-2 |
China’s first license-certificate separation reform |
Box 9-3 |
China’s first international trade single window |
Box 9-4 |
China’s first risk prevention list |
Box 9-5 |
Building the Hainan Free Trade Port |
Box 10-1 |
China raises level of openness in trade in goods through free trade agreements |
Box 10-2 |
China achieves new progress in service trade openness through free trade agreements |
Box 10-3 |
China realizes new expansion of rule negotiation through free trade agreements |
Box 10-4 |
China shares development opportunities and results with its free trade partners |
Box 10-5 |
China-ASEAN Free Trade Area enriches consumer choices |
Box 10-6 |
China actively participates in mechanism cooperation, such as G20 and APEC |
Box 11-1 |
Global debut in China — State-of-the-art products at the CIIE |
Box 11-2 |
Some investment cooperation agreements signed at the CIIE |
Box 11-3 |
Country exhibition opens a new door to world culture |
Box 11-4 |
Intangible heritage and time-honored brands highlight cultural integration at CIIE |
Box 11-5 |
Creating opportunities for companies from countries involved in BRI to expand their market presence |
Box 12-1 |
World Bank report: BRI Promotes Inclusive Global Growth |
Box 12-2 |
Industrial new zone established in Sihanoukville, Cambodia |
Box 12-3 |
Piraeus port: enabling Greece's economic growth |
Box 12-4 |
Construction of western land-sea new corridor accelerates |
Box 12-5 |
Mombasa-Nairobi Railway and the future of Kenya |
Box 12-6 |
Cooperation among China, Italy and Brazil to provide sustainable source of clean energy |
Box 12-7 |
Not cold again in Dushanbe’s winter |