Reading Assignment 4: “What is the relation between economic and globalization?”

                         

                                   economic globalization - Dicken


1) Summary

Dicken pointed out in this book that "economic activities are not only becoming increasingly international but more importantly, becoming increasingly global." He pointed out that "internationalization" simply refers to the expansion of the geographical distribution of cross-border economic activities, which is not a new phenomenon. The "globalization" of economic activities is qualitatively different from internationalization. Globalization is a more advanced and complex form, which means the integration of internationally scattered economic activities to a certain extent. Globalization is a newer phenomenon than internationalization; it is a mode in the ascendant in the ever-expanding range of economic activities. Dicken's view of globalization was also cited by UNCTAD's World Investment Report. For globalization, Dicken emphasizes the "integration" of business activities or product manufacturing on an international scale. Dicken's economic globalization is essentially a process in which countries' degrees of openness, economic interdependence, and economic integration continues to strengthen.


2) Interesting point

The description of economic globalization in this book reflects Dicken's understanding of globalization and understanding of globalization from different perspectives, and also reflects the continuous development process of the phenomenon of economic globalization itself. Based on this, I think economic globalization is mainly the globalization of production, which is a worldwide industrial restructuring led by developed countries with multinational corporations as the main driving force.


3) Discussion point

Through this book and the content of the class, what do you think are the manifestations of economic globalization?

Comments

  1. 채효화December 5, 2022 at 9:07 AM

    This comment has been removed by the author.

    ReplyDelete
  2. 채효화December 5, 2022 at 9:09 AM

    Economic globalization refers to the increase in the scale and forms of cross-border trade and capital flows of goods and services, as well as the widespread and rapid diffusion of technology, which strengthens the interdependence of economies around the world.One manifestation of economic globalization is trade liberalization.With the accelerated development of global trade in goods, services and technology, economic globalization has promoted the formation of the world multilateral trading system, accelerated the growth of international trade and facilitated the liberalization of global trade.It is not limited to countries and regions that can easily trade with each other.

    ReplyDelete

Post a Comment

Popular posts from this blog

[Hofstede's dimensions] Comparing South Korea, China & Japan

Image
   I compared Korea, China, and Japan using Hofstede's dimension. What are the cultural measures of neighboring countries with similar cultures? [Masculinity]  Japan's index was the highest with 95 points. I think this is related to the indicator of individualism. In the case of individual-centered Japan, not group-centered, it focuses on individual performance and shows a strong preference for achievement or success. Therefore, I think a high number came out of Masculinity. On the other hand, in Korea, efforts are made to reduce unnecessary conflicts and maintaining relationships is important. Therefore, I think it shows a relatively low score in Masculinity. [Long Term Orientation]   The reason why Korea scored 100 points in terms of long-term orientation is that Korea is such a practical and long-term-oriented society. The Hofstede Insight website says Korea encourages saving and effort in modern education as a way to prepare for the future. However, both cou...
Read more

Hofstede's dimensions_ Comparing South Korea, China, Japan (MINJI JEONG)

Image
       Korea, China, and Japan are three neighboring countries in Central Asia and have many cultural connections. Therefore, the three countries were compared through the Hofstede's index. First, it is Power Distanced. This is an indicator of the hierarchical degree of each country. The hierarchies of the three countries are in the order of China, Korea, and Japan.      In terms of individualism , Japan has the highest score of 46. It can be interpreted that this item means the degree of personalization of the country. In comparison, China and Korea recorded around 20 points. This is presumed to be largely influenced by 'collectiveism', a virtue of society that has been emphasized since ancient times.   This can also be found to be related to the number of masculinity . Japan also has the highest score of 95. China followed with 66 points and South Korea with 39 points. I think it reflects Japan's strong individualism and meritocracy.   The...
Read more

Reading Assignment 4: Economic and Globalization -CAI YAYU

  A ）  Summary The term "economic globalization" was first coined by T. Levy in 1985, but there is still no agreed definition. According to the International Monetary Fund (IMF), "economic globalization refers to the increase in the scale and form of cross-border trade in goods and services and capital flows, as well as the widespread and rapid diffusion of technology that has increased the interdependence of the world's economies". According to the Organization for Economic Co-operation and Development (OECD), "economic globalization can be seen as a process in which economies, markets, technologies and forms of communication are increasingly global in character and national and local identities are diminishing". To this end, economic globalization can be understood in three ways: firstly, the strengthening of economic ties and the increasing interdependence of countries around the world; secondly, the growing convergence of domestic economic rules; a...
Read more