Page 95 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.78, # 2, 2021, pp. 89-104

Social
Economic globalization is the inevitable trend of world economic development and
an irresistible historical trend. Economic globalization is mainly manifested in the
free flow and optimal allocation of capital, technology, information, goods and
services, so that the economies of all countries depend on each other and influence
each other, becoming an inseparable whole of organic relations. On the one hand,
economic globalization will bring new opportunities to China and Hungary. On the
other hand, it will also bring severe challenges. Only by complying with the trend of
globalization in the development of the world economy, complying with the new
situation after accession to the WTO, developing an open economy, and
implementing the strategies can seize the potential opportunities and try to meet the
challenges of reality. By participating in the international division of labor,
international exchanges and cooperation, we should give our comparative
advantages, speed up the reform of the political and economic systems, promote the
leap-forward development of social productive forces, and constantly narrow the gap
with developed countries. What‘s more, it also speeds up the process of
modernization.

The Belt and Road Initiative is not a simple economic development, but a multi-
fields cooperation. How to open up the situation of development and take the first
step of success, culture, as the spiritual vanguard of "The Belt and Road", takes the
lead in moving forward, which is not only the inheritance and dissemination of the
spirit of the ancient Silk Road, but also it is through cultural exchanges to enhance
the attractiveness of "The Belt and Road". This is a road of mutual respect and trust,
a road of win-win cooperation and a road of cultural mutual learning.

The Silk Road spirit of "peaceful cooperation, openness and inclusiveness, mutual
learning, mutual benefit and win-win" is not only the main theme of China's opening
to the world ,but also reflects China's profound cultural connotation.

Hungary has Chinese-Hungarian Bilingual Primary, Secondary and High Schools
and three Confucius Institutes, namely in Budapest, in Miskolc and in Szeged,
which are all cities with the greatest universities. Confucius Institute, a non-profit
educational institution, is mainly committed to the development of the Chinese
language and the Chinese language around the world. These educational lines could
give a basis of Chinese and Hungarian speaking future employees as well as it could
be an alternative option for the families of the Chinese investors or employees
working and living in Hungary. There are many cultural activities between China
and Hungary. These activities are concrete manifestations of the cultural charm of
the two countries.
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