In leading the new round of globalisation, China's Belt and Road Initiative is shaping the new rules of globalisation. However, policy changes in any one country will have spillover effects on other countries. Countries need to work together to address the challenges posed by global governance, for example, the increasing difficulty of economy regulation, trade frictions, and the huge impact on economic activity of international tax strategies that counter globalisation. The question of how to look at domestic public policy through the lens of global governance is one that all countries, especially major players, have to confront. However, the science of public finance considers mainly the national (regional) level, with a lack of relevant studies based on a global perspective. Therefore, global public economics has emerged as a possible analytical framework for exploring global governance issues.
With the Base as a platform, the research on global public economics at the Institute focuses on three main areas: 1. The supply and financing of global public goods. We aim to explore the use of state and non-state mechanisms for increasing the supply of global public goods using global public resource provision, to improve the pattern of global public goods cost sharing between different countries. We look for solutions to the problem of collective action in the provision of global public goods by promoting changes in the international public order, establishing appropriate monitoring instruments and guarantee mechanisms. 2. Global tax competition and cooperation issues. We concentrate on research in promoting China's participation in the formulation of international tax rules, enhancing China's position in international taxation. We offer solutions to strengthen international fiscal cooperation, promoting international tax information sharing and combating international tax evasion. We are committed to harmonising international tax rules, avoiding double taxation and double deductions, establishing a fair and reasonable international tax environment. 3. Leveraging global taxes to overcome common human challenges in areas such as global public goods, health and global inequalities.