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Reading Assignment 4: Economic Globalization---HAO JINGYU

What is the relationship between the economy and globalization? 1)  To sum up: Deacon inherited Griffin's work to some extent. The economist Peter Deacon defined the cross-border extension of economic activity as economic globalization. Its scope and depth are largely driven by two mechanisms: first, the space to expand markets through trade. The internal structure of multinational enterprises is then changed through the expansion of foreign direct investment, followed by intra-group trade between enterprises in the same group (for example, global group heads and foreign subsidiaries). The method of industrial cluster upgrading should be sought from the global background. In the financial sector, economic globalization is reflected in the increased integration of international financial markets, namely, a significant increase in the level of cross-border investment, capital flows, foreign loans and joint ventures. Economic globalization thus manifests itself in increased capital fl...

Reading4 : Economic Globalization / JIN MINGJUN

  What is the relation between economy and globalization?  - CorporationsPeter Dicken 1)  Summary With the further development of economic globalization, its impact on the economies of various countries is increasing, and people's understanding of it is also deepening. Through economic events such as the Asian financial crisis, people see the complexity of economic globalization and how to deal with it The possible destructiveness of inappropriateness. Although people have debates about economic globalization in one way or another, it has been recognized that economic globalization is a "double-edged sword". In the face of economic globalization, we must To grasp the opportunities brought by it well, but also to seek advantages and avoid disadvantages, and avoid the risks it brings. In a sense, economic globalization is actually the globalization of the market economy, and its development is subject to market forces and the laws of the market economy, so it inevitably has...

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 manag...

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, ...

Reading 4: What is the relationship between economy and globalization? (Hojeong Lee)

Economic Globalization: Corporations Peter Dicken 1. Summary   This article explains the nature and importance of transnational companies that appear in the process of economic globalization. And this process is solved according to issues such as ‘the size and geographical distribution of TNC in the global economy’, ‘reason and method of companies’ transnational activities’, ‘the geographical inherentity of transnational companies’, ‘the web of companies appearing in transnational production networks’, and ‘power relations’.   First, multinational companies interested in globalization created trading companies based on interconnected political and economic bases, which helped them grow to become commercial countries on a global scale. Currently, the most common definition of TNC is ‘company that has the power to coordinate and control operations in more than one country, even if not owned’. They were so-called global companies and operate on a global stage, but they are known ...

Reading Assignment 4: Economic Globalization--SUNDAIYANG

 1. Summary It is mentioned in the article that multinational corporations are the main body of economic globalization, and economic globalization is the result of economic globalization. Economic development accelerates economic development, expands market horizons, and improves productivity. Economic globalization improves the efficiency of enterprises and expands the national economy. And in the international business literature, it is customary to think of MNEs as developing sequentially, starting with achieving a strong domestic market positioning and then emigrating abroad. This is achievable through greenfield investments or acquisitions. More importantly, the emergence of a new generation of multinational corporations, especially in knowledge-intensive industries, has led to a situation that does not necessarily require companies to go abroad before going overseas in the domestic market. Traditional institutions discourage some institutional innovations and promote others. ...

Reading4 : Economic Globalization - hyojin Lim

  1. summary It provides a more subtle description and explanation of the nature and importance of TNC in the process of economic globalization, an approach firmly based on the empirical reality of highly differentiated geography. - Size and Geographic Distribution of Multinational Enterprises Overall, TNC activity is traditionally measured using foreign direct investment (FDI) statistics. A 'direct' investment is one company investing in another company for the purpose of controlling the operation of another company. A 'foreign' direct investment is simply a direct investment that occurs beyond national boundaries, i.e., when a company in one country purchases a dominant investment in another country or when a company establishes a branch or subsidiary in another country. - market-oriented investment The unique nature of a particular market may require a direct presence to understand and meet such a particular situation. It may be desirable for the TNC to appear strong...