Reading Assignment 4: Economic Globalization---LI YULUN

 

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 management experience.
Innovation is the source of an enterprise's development, the soul of a country's progress, and the inexhaustible driving force for the country's prosperity. In this fierce international market competition, if we want to build a world-class large enterprise group, we must strengthen our independent innovation capabilities, Increase capital investment and enhance product innovation, so that it may have a place in the world environment.
If a country wants to develop better, it needs to cooperate with other countries, absorb the high-quality components of the other country, and transform them into its own development model. The same is true for enterprises. If they want to develop better, they must strengthen the relationship between enterprises. Cooperation and increasing core competitiveness are the general trends of enterprise development. Therefore, in the context of economic globalization, enterprises must strengthen enterprise cooperation if they want to seize opportunities.

2) Interesting items


A "direct" investment is an investment by one company in another company to control that company's operations. “Foreign” direct investment is only direct investment that occurs across national borders, when a company in one country buys a controlling investment in a company in another country or when a company establishes a branch or subsidiary in another country. The author explains why companies form multinational corporations and more. And several ways, which were previously unknown.

3) Discussion angle

While being used by people all over the world, multinational corporations are also questioned by other countries. No matter which aspect the discussion is very intense.

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