Advances in International Finance

Under the sweeping wave of globalization, the economies of various countries are closely intertwined, like a complex web, with one pull affecting the whole body. In this pattern, the coordination of national economic policies is no longer an option, but a necessary action. From the coordination of trade policies to reduce trade barriers, to the coordination of monetary policies to adjust interest rates, and finally to the coordination of fiscal policies through joint fiscal stimulus, we are working together in multiple dimensions. This not only effectively promotes the vigorous growth of international trade and investment, stabilizes the volatile global financial market, but also helps countries optimize and upgrade their industrial structures. However, the road to collaboration is not smooth, with conflicting policy goals, shortcomings in coordination mechanisms, and information asymmetry arising one after another. It is urgent for all parties to think deeply and seek ways to break through the impasse.

Globalization; National economic policies; Synergy effect; Challenge