Blogging Through Media Trends and Globalization (2022)

  - Is globalization good for China?   For China Economic globalization is a manifestation of the progress of productivity and production relations, which is in line with the market law; capital is profit-seeking, and global investors must tend to place their capital in countries with advanced financial technology and high consumption capacity, because it means more profits, while countries with insufficient production factors can only use parts of their comparative advantages, such as labor and resources, and China's accession to the WTO is After decades of development, the economy entered a new situation when China gradually became an exporter of technology, and the role of China in globalization increased, so it is a mutually reinforcing relationship. The impact of globalization on China has been tremendous. China joined the WTO in 2001 and officially embarked on the path of globalization. By 2003 China's GDP had achieved double-digit growth, and this high growth continued u

What is the relationship between economy and globalization? 1) Summary Economic prosperity is tied to globalization. With the rapid growth of the world economy, international trade and investment are also expanding rapidly. We no longer consider national borders when buying goods and acquiring information, and economic globalization is irreversible. In order to further understand the role of multinational corporations in economic globalization, this paper explains the scale and geographical distribution of multinational corporations in the global economy, why and how they engage in transnational activities, and the power relationship between multinational corporations and other participants in the global economy. There are multiple links between globalization and economic development. Globalization can be said to be a catalyst for economic growth in several countries. The increased movement of people across borders implies cross-transfer of knowledge, expertise and labor.

 Reading 3: Political globalization 1. Summary This article is about political globalization. Political globalization manifests itself in two main ways. First, politics has gone from one country to the whole world. Domestic politics and international politics are closely linked, and sometimes domestic politics have to obey international politics. Second, political globalization brings about another corresponding result is political multipolarization. The article mainly talks about "the transformation of nationality, nationality and citizenship", "the change and communication of the public sphere", "the importance of civil society" and "the change of space and boundaries". In terms of the "transformation of nationality, nationality, citizenship", politics refers to the change in the flow of nationality, nationality, citizenship in the process of participating in global culture. When it comes to "change and communication in the publi

 What is the relationship between culture and globalization? 1) Summary Globalization and culture are mutually reinforcing. Globalization is at the center of modern culture, and cultural practices are at the center of globalization. With the development of economic globalization and the close penetration of economy and culture, the relationship between the nationality and the world of culture is getting closer and closer, so many problems of cultural globalization appear. For cultural rights, for example, Disney's legal department is known around the world for charging royalties for any cultural content that is similar to them, even if it is just similar. Globalization brings labels to culture, such as East Asian culture, West Asian culture, Mediterranean culture, American culture, etc., from which cultural commodities are derived. Culture is fixed by labels and commodities. At the same time, globalization has also promoted the exchange and development of cultures in different coun

 1) Summary Through this book, I understand the concept of globalization and the word globalization, which is not only a concept, but also a phenomenon of the development of human society. Although there are many definitions of globalization, it usually refers to the increasing connections between people in different countries and regions around the world. Human life is not limited to one's home, one's birthplace, or even one's country. We know that beyond the mountains there is the sea, and beyond the sea there is another country. Countries became interdependent in politics, economy and trade. The food we eat and the clothes we wear come from across the ocean. Through the discussion of examples, the author gives us a simple understanding of the process of discussion and research on the concept of globalization. Globalization is not only political and economic, but also social and cultural. 2) Interesting points I find it interesting that the authors disagree with Wallerste

Economic Globalization : Corporations 2020055223 Hyoseung Chae 1. Summary There is a territorial asymmetry between the country's continuous territory and the TNC's discontinuous territory, which, contrary to many conventional wisdom, translates into a complex negotiating process with no clear and completely predictable results. As some writers continue to argue, TNC does not always have the power to go its own way. In the complex relationship between the TNC and the state and other agencies, the consequences of certain negotiation processes are highly contingent. State intelligence still has significant authority over the TNC, including controlling access to its territory and defining operational rules. In cooperation with other countries, that power increases. So the argument that countries are universally powerless in the face of the unstoppable enormous power of "global companies" is nonsense. 2. Interesting Point In particular, American and British companies have

  What is the relationship between the economy and globalization? 1) Summary Amidst the cacophony of opinions on economic globalization, there is a clear consensus that the  business corporation – specifically the transnational corporation (TNC) – is the central actor: the  primary shaper of the global economy.  In reality, this is a highly misleading stereotype. The purpose of this chapter, therefore, is to  provide a more nuanced depiction and explanation of the nature and significance of TNCs in the  processes of economic globalization, an approach that is firmly grounded in the empirical reality of a  highly differentiated geography whilst, at the same time, providing a theoretical basis for understanding  what is, indeed, a highly complex phenomenon. The chapter focuses on five related issues: (1) the scale  and geographical distribution of TNCs in the global economy; (2) why and how corporations engage in  transnational activities; (3) the geographical embeddedness of transnation

What is the relationship between the economy and globalization? 1)  To sum up: Deacon inherited Griffin's work to some extent. The economist Peter Deacon defined the cross-border extension of economic activity as economic globalization. Its scope and depth are largely driven by two mechanisms: first, the space to expand markets through trade. The internal structure of multinational enterprises is then changed through the expansion of foreign direct investment, followed by intra-group trade between enterprises in the same group (for example, global group heads and foreign subsidiaries). The method of industrial cluster upgrading should be sought from the global background. In the financial sector, economic globalization is reflected in the increased integration of international financial markets, namely, a significant increase in the level of cross-border investment, capital flows, foreign loans and joint ventures. Economic globalization thus manifests itself in increased capital fl

  What is the relation between economy and globalization?  - CorporationsPeter Dicken 1)  Summary With the further development of economic globalization, its impact on the economies of various countries is increasing, and people's understanding of it is also deepening. Through economic events such as the Asian financial crisis, people see the complexity of economic globalization and how to deal with it The possible destructiveness of inappropriateness. Although people have debates about economic globalization in one way or another, it has been recognized that economic globalization is a "double-edged sword". In the face of economic globalization, we must To grasp the opportunities brought by it well, but also to seek advantages and avoid disadvantages, and avoid the risks it brings. In a sense, economic globalization is actually the globalization of the market economy, and its development is subject to market forces and the laws of the market economy, so it inevitably has

  What is the relationship between the economy and globalization? 1) Summary To dispel the stereotype that transnational corporations weaken the autonomy of nation-states, five aspects are explained: the size and geographic distribution of multinational corporations in the global economy, why and how corporations engage in transnational activities, the geographic distribution of multinational corporations, embodied in "firm networks" in multinational production networks, the power relations between multinational corporations and other actors in the global economy. Under the general trend of economic globalization, all enterprises and countries in the world are facing the pressure of structural transformation and economic activities. In the process of this transformation, the market will be re-cleaned, new product markets, new trading partners, and new markets will be created. The field of economic activities, it provides enterprises with advanced technology and advanced manag

  What is the relation between economy and globalization? Reading Assignment 4: Economic Globalization 1.Summary 1）CorporationsPeter Dicken mentioned that multinational corporations are major influencers in the global economy. The scale and formation mechanism of multinational corporations are also explained to a certain extent, which completely illustrates the inevitable trend of economic globalization from several aspects. 2）The main body of international economic relations is multinational corporations, which generally refer to large enterprises or groups, relying on their strong capital and advanced science and technology, through foreign direct investment, etc., set up branches abroad or control local enterprises in the host country to become their Subsidiaries, and engage in international production, sales and other business activities to obtain high profits for the purpose of international enterprises. Multinational corporations tend to internationalize R&D. Previously, the

Economic Globalization: Corporations Peter Dicken 1. Summary   This article explains the nature and importance of transnational companies that appear in the process of economic globalization. And this process is solved according to issues such as ‘the size and geographical distribution of TNC in the global economy’, ‘reason and method of companies’ transnational activities’, ‘the geographical inherentity of transnational companies’, ‘the web of companies appearing in transnational production networks’, and ‘power relations’.   First, multinational companies interested in globalization created trading companies based on interconnected political and economic bases, which helped them grow to become commercial countries on a global scale. Currently, the most common definition of TNC is ‘company that has the power to coordinate and control operations in more than one country, even if not owned’. They were so-called global companies and operate on a global stage, but they are known to have n

 1. Summary It is mentioned in the article that multinational corporations are the main body of economic globalization, and economic globalization is the result of economic globalization. Economic development accelerates economic development, expands market horizons, and improves productivity. Economic globalization improves the efficiency of enterprises and expands the national economy. And in the international business literature, it is customary to think of MNEs as developing sequentially, starting with achieving a strong domestic market positioning and then emigrating abroad. This is achievable through greenfield investments or acquisitions. More importantly, the emergence of a new generation of multinational corporations, especially in knowledge-intensive industries, has led to a situation that does not necessarily require companies to go abroad before going overseas in the domestic market. Traditional institutions discourage some institutional innovations and promote others. Howe

  1. summary It provides a more subtle description and explanation of the nature and importance of TNC in the process of economic globalization, an approach firmly based on the empirical reality of highly differentiated geography. - Size and Geographic Distribution of Multinational Enterprises Overall, TNC activity is traditionally measured using foreign direct investment (FDI) statistics. A 'direct' investment is one company investing in another company for the purpose of controlling the operation of another company. A 'foreign' direct investment is simply a direct investment that occurs beyond national boundaries, i.e., when a company in one country purchases a dominant investment in another country or when a company establishes a branch or subsidiary in another country. - market-oriented investment The unique nature of a particular market may require a direct presence to understand and meet such a particular situation. It may be desirable for the TNC to appear strong

1. Summary     This article explains economic globalization as follows. Economic globalization itself is a very complex phenomenon. As companies become increasingly globalized, they say there is a misunderstanding about the issue that they say is violating the autonomy of nation-states beyond national boundaries. It then explains the nature and importance of TNC in the process of economic globalization as an approach based on the empirical reality of geography. TNC refers to 'a company that has the power to coordinate and control operations in more than one country even if it does not own it'. They are also called global companies. Their activities are traditionally measured using foreign direct investment (FDI) statistics. Direct investment refers to investing in another company for the purpose of controlling the operation of another company. Foreign direct investment is simply a direct investment that occurs beyond national boundaries, that is, a direct investment that occurs

  Summary This article explains how TNC’s are influencing and involved in economic globalization. The scale and geographical distribution of TNCs In the first part of the article, Dicken talks about the growth of TNC’s, what is considered a TNC and where they are mostly located. TNCs can be very diverse. They can be big global companies, but also smaller companies that operate only in a few different countries. TNCs are mostly located in developed countiers, but the number of TNCs from developing countries is growing. Why and how corporations engage in transnational activities The second part explains the two reasons for companies to expand outside their own borders.   The first reason is market-oriented investments and the second one asset-oriented investments. Market-oriented refers to the expantion outside of their home market, becaue of a low demand. Asset-oriented refers to the origin of the company’s natural resources and labour. The development of transnational activ