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 an...