Economic Commentary: Introspection from Davos 　　Several years ago, some world economic magnates gathered at Davos and proposed to realize the globalization. Nowadays, the impacts of the globalization to the world economy are so profound and in many ways, especially the one and half-year-long financial crisis, which make people feel the need of controlling the side effects of the free trade and capital flow. Thus, "responsible globalization" became the theme of the 29th annual meeting of the World Economic Forum (WEF). 　　Globalization brought opportunities to the development of the world economy, but people have also found its negative effects. Globalization leads to floating funds inflow to small-scale emerging markets and outflow in a short time once the investors are in a tight corner, and cause some countries with continuous economic growth rates fell into unprecedented crisis. 　　The financial turbulence is a real headache, but what makes people more worried is that the crisis cannot be predicted. The running of the financial market has certain kind of instability that may break out at any time. 　　Participants all stressed that over-fast capital flow is no good to the developing countries, the key to solve crisis is the restoration of confidence. 　　As the financial crisis continues to expand, people have found the basic problem lies in the global financial system. However, it is difficult for people to carry out reforming measures that can be accepted by all sides. 　　This Davos meeting has concluded and the G7 will continue debate on the financial ministers' meeting February 20. Maybe they will find something the world needs. 　　People wonder whether the world economy is controlled by the G7 as usual, and want to hear more voice from China, Brazil and other emerging countries. Opinion 1999-02-04 Page7 Full Story in Chinese