For a developing country to benefit from globalization takes a combination of many factors. No single policy can work without many others in place in the same time, and a whole situation can get out of hand simply because one element goes wrong. Offering cheap labor is not enough to make growth happen, and there are plenty of risks in the volatile global market.
The larger the gaps, and the more the world is globalized, the more difficult is development for the developing countries, and the more “conditional” the convergence between them and the developed countries.
It is surely urgent for the international community to take development as the top priority on the global agenda. But the developing countries must do the right things themselves to make progress.
In the case of China, there are still many great challenges, and further challenges are emerging—such as the conflicts with existing economic powers in the areas of trade and resource supplies. But hopefully, China may provide a case of successful development in the era of globalization. At least, as one of the most difficult cases, China’s example may encourage other developing countries to face their own special challenges and overcome their particular difficulties