The Consideration of Political Economics on the Changing Rules of International Trade and Economy

The contemporary rules of international trade and economy are made by the United States and other developed countries after the World War II. The primary rules of multilateral trade system have been changed fundamentally. However, it has not been changed for the rules of multilateral financial system with the hegemony of the US dollars. The rules of investment maintain unchanged in the system of bilateral investment or regional trade agreements, which is developing towards sustainable development and investment facilitation. Based on the objective assessment on the changing rules of international trade and economy, it is necessary to apply the principles of Marxism political economics which has been already proved by history for consideration and analysis on the world economy as the economic base of international community after the World War II through three phases, i.e., the international economy, global economy, and “borderless” economy, to provide with the driven force for the establishment or development of the rules of international trade and economy as the superstructures of international community, as well as its critical countereffects on the economic base. In recent years particularly, China has risen with the domestic reform and open-door policy to actively participate in the global economic integration, which has changed the economic base of international community. However, the United States intents to maintain its hegemony by the unilateral foreign trade policy to weaken the multilateral trade system, which had the negative impacts on the international economic base. China has influenced positively the changing rules of international trade and economy by increasing political leadership to carry out the initiative of the Belt and Road, to establish the new international financial institutions and to promote the corporation system of regional and international security.