Study On Deepening Inner Mongolia’s Economic Openness In The New Era

Since the reform and opening up,China has followed the historical trend of economic globalization,adhered to the basic national policy of opening to the outside world,opened the country’s doors for construction,from importing to going out,from joining the World Trade Organization to jointly building the “Belt and Road”,and successfully achieved a transition from a closed and a half.A great transition from closed to full opening.At present,China has become the world’s second largest economy,the largest trade in goods and services,the largest foreign exchange reserve country,and the largest use of foreign capital.With the increase in the level of opening up to the outside world,the people’s lives have moved from poverty to well-off.,The effect of poverty alleviation is remarkable.China’s contribution to global poverty reduction is as high as 70%.The main social contradiction has been transformed into the contradiction between the people’s growing need for a better life and unbalanced and insufficient development.The practice of China’s opening to the outside world has fully proved that opening up brings progress,and closure will inevitably lag behind.Constantly expanding opening up,raising the level of opening up,and promoting reform and development through opening up are important magic weapons for continuous new achievements in my country’s development.The report of the 19 th National Congress of the Communist Party of China puts forward that socialism with Chinese characteristics has entered a new era.Under the background of the new era,how to further open up to the outside world and provide a new engine for China’s economic growth is also our focus.Located in the northern border of my country,Inner Mongolia Autonomous Region is rich in natural resources,spanning northeast,north China,and northwestern regions.It is adjacent to the 8 provinces of Heilongjiang,Jilin,Liaoning,Hebei,Shanxi,Shanxi,Ningxia and Gansu.One of the provinces with the largest number,borders Mongolia and the Russian Federation to the north,with a border of more than4,200 kilometers.In recent years,driven by policies such as the Western Development and the “One Belt and One Road” initiative,Inner Mongolia has achieved fruitful results in opening up.However,compared with the national average,the level of Inner Mongolia’s opening to the outside world is still relatively low.The promotion of social development has not been fully demonstrated,and even more has hindered the development of regional economy.Therefore,this article selects the topic of deepening the economic opening of Inner Mongolia in the new era,and promotes the high-quality development of Inner Mongolia’s economy through deepening the research of opening to the outside world.The text content is arranged as follows:Chapter 1: Introduction.Introduce the research background and significance;determine the scope,content,ideas and methods of the research,as well as possible innovations and deficiencies in this article.Chapter 2: Introduce and summarize the theoretical basis and research summary of Inner Mongolia’s economic opening to the outside world,and determine its own theoretical basis and research methods.Chapter3: Review the development process and achievements of Inner Mongolia’s economic opening up.Chapter 4: Analyze the economic and social development of Inner Mongolia,and lay the foundation for the following research.Chapter 5: Describe and analyze the economic opening situation of Inner Mongolia from a three-dimensional perspective,and fully grasp the situation of Inner Mongolia’s opening to the outside world.Chapter 6:Uses factor analysis to measure the degree of economic opening of Inner Mongolia.It also compares and analyzes the economic opening degree of Inner Mongolia,the whole country and other ethnic provinces and regions from 2001 to2018.Chapter 7: Empirical research on the degree of economic openness in Inner Mongolia and the relationship between its primary indicators and economic growth,and explore their long-term and short-term relationships with economic growth in Inner Mongolia.Chapter 8: Propose countermeasures and suggestions to increase the opening degree of Inner Mongolia’s economy.Conclusion of this article:(1)From a horizontal point of view,the economic opening level of Inner Mongolia is relatively low,which is significantly lower than the national average level,and there is a downward trend;from a vertical point of view,the economic opening level of Inner Mongolia shows a downward trend during the period from2001 to 2018;From the perspective of internal alliance cities,Manzhouli、Erlianhot and Xilinguole League have relatively high levels of opening up.(2)From the perspective of the primary indicators that constitute the degree of economic openness(EO),the degree of foreign trade openness(FTO)has the greatest driving effect on economic growth.For every 1% increase in FTO,the economy grows by 6.31%;the degree of openness to foreign investment(FIO))It has a hindering effect on economic growth.For every 1% increase in FIO,the economy of Inner Mongolia will drop by 12.26%;the driving effect of the openness of foreign economic cooperation(ECO)is small,and every 1% increase in ECO will result in an economic growth of 1.17%.(3)According to the Granger causality test,it can be seen that there is a significant two-way causality between EO and economic growth in Inner Mongolia.The increase in economic openness promotes economic growth,and vice versa.According to the error correction model,the increase in EO in Inner Mongolia did not drive regional economic growth in the short term,but in the long term,EO has a stable positive relationship with economic growth,that is,for every 1% increase in EO,the total economic volume of Inner Mongolia will increase by 6.08 %.