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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...

Extra credit blog: China and globalization-CAI YAYU

  Is globalization good for China? The answer is unquestionably yes. China is a country with a large population and globalization will enable it to solve the problem of over productivity, and it will facilitate industrial transformation and further harmonize regional development. Globalization is a phenomenon of human social development. The exchange of cultures and the movement of goods and capital promote cooperation between countries in political and economic trade. After the 1990s, with the collapse of the Soviet Union and the break-up of the bipolar pattern, globalization saw a new high point in its development and continued until the US-China trade war in 2018. In recent years, globalization has hit a snag, encountering two main challenges, one of which is the decline in Sino-US relations and the other is the new crown epidemic. In the broader context, the US-China rivalry will hardly ease in the coming years. The new crown epidemic, on the other hand, with the help of...

Reading Assignment 3: Political Globalization. CAI YAYU

   A )  Summary In the past, there was a lack of universal contact between global civilizations because of the underdevelopment of transport and communication. Globalization is a product of the modern development of civilization. The great geographical expeditions that began at the end of the fifteenth century opened up the age of great voyages, and Marco Polo's voyages led to a European yearning for the East, breaking down the isolation of the regions. In the context of globalization, opening the doors to business became the norm and travel and trade, for example, became popular at the time. In the case of political globalization, there were countries where citizens seemed to be abandoned by the state, losing most of their power and becoming victims under  politics. Global  cities, for example, are products of the de-nationalization of the nation-state and the rise of non-territorial politics.  Of course, with the development of globalization, some civ...

Reading Assignment 2: The Relationship between Culture and Globalization --CAIYAYU

    A)  Summary The regionalization of the globalization movement began in the second half of the eighteenth century. On the one hand, the industrial revolution, which first broke out in Britain, gave a great impetus to the development of capitalism. On the other hand, the victory in the North American War of Independence opened a gap in the British imperial colonial system and set an example for national liberation movements in the colonies. The indomitable struggle of the oppressed peoples to escape from the irrational East-West divide became an important element of the globalization movement. The nation-state is being undermined by globalization and national cultures are being lost under the impact of globalization. The text argues ‘  That the nation-state should actually be regarded as an aspect of globalization. We would almost certainly not be talking about globalization were it not for the existence of nation-states. '   B ) Interestin...