Reading Assignment 4: Economic Globalization--- LUANQIANYUE

What is the relation between economy and globalization?

Reading Assignment 4: Economic Globalization

(1)Summary

Economic globalization is a result of the development of the world economy, which accelerates economic development, expands market horizons, and increases productivity. Economic globalization improves the efficiency of enterprises and plays an important role in the expansion of national economies. The authors believe that multinational corporations are the central players in economic globalization and the main shapers of the global economy.

-TNC and its activities are undoubtedly one of the keys to understanding urban and regional development in today's globalized world economy. The internationalization of economic activity and its main instrument, the multinational corporation, can simply be seen as part of the normal expansion process of capitalist development. In the context of economic globalization, the rising power and status of transnational corporations and their possession and control of wealth and resources have enabled them to stand alongside state authority in determining who benefits, resulting in the transfer of some power economic and even political from territorial states to non-territorial transnational corporations, thus having a very significant impact on the world landscape.

-The global business activities of multinational corporations have extremely rich geographical connotations, and the locational behavior of multinational corporations has far-reaching spatial effects - to a large extent, it stipulates the spatial order of economic globalization and the nature of the international division of labor. Therefore, it is of great significance to study in depth the geographical location factors of multinational corporations and the impact of their location behavior on the world economy.

(2) Interesting point

In economic terms, globalization is nothing more than a process of making the world economy an organic system that extends transnational economic processes and economic relations to an increasing number of countries and deepens economic interdependence ......

(3) Discussion question

In the context of economic globalization and the current economic environment, will governments have less and less influence on multinational companies, and why?

   

Comments

  1. caiyayuDecember 11, 2022 at 8:48 PM

    I don't think the government's influence on MNC is going to get any smaller. MNC have advantages and disadvantages for the government, and in a globalized environment the government will control MNC, adjust taxes import and export and other aspects to protect local companies.

    ReplyDelete

Post a Comment

Popular posts from this blog

Introduction to our blog

 This blog is a digital forum where students from Fall 2022 class in Media Trends and Globalization at the Hanyang University in Korea will discuss their weekly readings and activities. For each section of the course, you are expected to post a blog post on relevant readings on our blog here and make a comment on another student's post. An ideal commentary should be about 800 words, divided into three clearly labeled sections in which you: 1) summarize in your own words of materials you read; 2) mention of any new, interesting, or unusual items learned; 3) identify at least one question, concern, or discussion angle that is either problematic in some respect or could have been elaborated more. This question is likely to be incorporated into our class discussions. You are allowed to quote an interesting passage from the text(s) you've read, but the quotes will not count toward any length requirements. Blog’s deadline is always: Sunday, midnight, of the week the question is poste...
Read more

Reading Assignment 2: “What is the relation between culture and globalization?” LUAN QIANYUE

Cultural Globalization - Tomlinson   (1) Summary Globalization is not just a matter of politics, economic movements or the rise of trans-regional and large regions. Tomlinson believes that there is a multidimensional "globalization" in which the cultural dimension is an important area that needs to be studied separately. Tomlinson explains the importance of time and space issues, cultural imperialism, "deterritorialization," the impact of media and communication technologies, and the possible development of more international cultures by examining the relationship between globalization and contemporary culture . John Tomlinson introduced the dimension of culture in the research of globalization theory, trying to construct the global cultural picture. He analyzed the relationship between globalization and culture, put forward the proposition of global culture, and defined the concept of global culture. Emphasizes the necessity of studying global culture. In his view,...
Read more