What is globalization?/week3/zhangpeiyao

1.       Summary
  What is globalization? There is no accepted definition of globalization, but the author, after gathering many scholars' research, gives a definition that can be accepted by everyone. Globalization is a concept as well as a phenomenon process of human social development. Global connections are growing, human beings are living on a global scale and global consciousness is rising. Countries depend on each other in politics, economy and trade. Globalization can also be interpreted as world compression and global integration. Since the 1990s, with the expansion of the influence of globalization on human society, attention has been paid to politics, education, society, culture and other disciplines in various countries and research fever has been aroused. For example, globalization is a double-edged sword for local culture. Although globalization can greatly promote the innovation and development of local culture, it will gradually blur and lose the connotation and self-renewal ability of local culture. From the examples given by the author, we can easily recognize the use of the term globalization, which was originally very independent, but has gradually merged. In the process of globalization, communication around the world is undoubtedly crucial, that is, social interaction is crucial. After the form, dimension and history of globalization, it is concluded that globalization has two major directional trends, namely, global connectivity and global growth awareness. Globalization has a special form. Globalization is made up of four major aspects of human life: culture, society, politics and economy.
2.       New, interesting or unusual
   The advantages and disadvantages of globalization are a point of great interest to me. Although the article did not give a detailed explanation. The information I have found and the knowledge I have learned before can be summarized as follows: the advantage of globalization is that it can make full use of foreign capital and promote economic growth. The entry of capital brings practical technology, managerial experience and entrepreneurial spirit, which is conducive to the economic transformation of non-market economy countries. The entry of foreign capital helps to solve the problem of surplus labor employment in developing countries. Economic globalization promotes the perfection of financial markets in developing countries, and is conducive to the monetization and financial deepening of developing countries. The disadvantage is that the entry of large amounts of foreign capital is easy to cause debt burden, may cause the international debt crisis. The entry of foreign capital has a great impact on national capital and industry. Economic globalization has made the contradiction between ecological environment and sustainable development in developing countries increasingly acute. The economic transformation of developing countries under the background of economic globalization is full of turbulence and ups and downs. Economic globalization has accelerated the imbalance of economic development between developing countries and developed countries.
3.       Question

What else can you think of about the pros and cons of globalization?

Comments

  1. I think Globalization can result a good global citizenship identity. Becoming a global citizen means we recognize that we have a lot of bigger responsibilities rather than becoming a part of certain nation citizen. Like the responsibility to defend our country, we are also responsible to defend the human race as a whole. If everyone consider themselves as a global citizen, a lot of global issues will be solve a lot faster.

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