Reading Assignment 4: Economic Globalization--- LUBINGNAN
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, ...