Reading Assignment 4: Economic and Globalization

              Economic Globalization:Corporations  Peter Dicken


（1) Summary

Transnational corporations are highly mobile and can quickly arrange investment and production in response to political and economic changes in countries.TNCs undoubtedly have more advantages in negotiations between TNCs and the Governments of the investing countries.According to Peter Dicken, a professor at Manchester University, TNCs are the most active players in globalization today, and they can use their international investment and production to arrange capital flows quickly.Against this background, international experts, including Deacon, agree that TNCs have a negotiating advantage over nation-states when they engage in constant policy competition to attract investment.


（2）Interesting point

In 2020, China's FDI flow to 1,630 billion US dollars, highest value for the first time, and beyond this century, and more than 200 billion years beyond 2019 the United States.Although COVID-19 outbreak is under the impact of accidental events, but at least shows that Sino-US trade conflict to the effects of a global industry chain are turning up everywhere, in addition to the data.

Globalization is more than a hierarchical nesting of the power system, bilateral or multilateral agreements on many dimensions and build the institutional framework, sovereign state, international multilateral organizations and multinational companies are the rulemaking.Labour and capital, technology and other production factors, as well as the main contents of the globalization is the flow of goods and services.From the balance of payments account, merchandise and service flow and capital flow is the relationship between the two sides.The flow of production factors will be reshaping the nation's comparative advantage.Because of technical and labor is often attached to the distribution of cross-border direct investment is, above the capital to observe “transfer of power” of the important prospective targets.China's rise partly because globalization is over for just looks natural, one of its “potential” and embedded in industrial capital, the transfer of technology and technology brought by the transfer of knowledge.


（3）Discussion point

What kind of opportunities and challenges do you think countries will face in an era of economic globalization?

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