Blog assignment 4 What is the relation between economics and globalization/ kim hyun young

summary
Globalization means the integration of societies and economies around the world. The process of globalization guarantees the integration of the individual national economy with the global economy.

Globalization has brought social, economic, technological, cultural and ecological interdependencies among countries. Globalization also has a big impact on the scenarios of individual countries and the world economy. International economic relations have become the most important in the age of globalization. International economic relations, which take into account globalization, have resulted in rapid development and reduced poverty in many developing countries such as India and China. 

International economic relations play an important role in the growth of the global economy. A number of conditions must be met for economic relations between countries to succeed. Successful economic relationships require unrestricted movement of goods and services, capital flow, labor movement, and reduction of regulatory barriers. 


Globalization played an important role in promoting economic relations among countries around the world. In the age of globalization, countries realized that economic cooperation with other countries was strategically important for economic growth.

Interesting
n the process of globalization, economic relations are diverse and complex.
For economic relations between countries to be smooth, I think each country should go in the desired direction through trade and diplomatic politics.

discussion
How does the economic relationship between the U.S. and China affect other countries? And how do we solve the problem?


Comments

  1. The United States announced that it would give 25% tariffs to China. If the Chinese economy slows down due to the US-China trade war, the economies of Asian nations with high trade volume with China, such as Korea, Japan, Taiwan, Thailand and Australia, will be hit hard. According to the World Bank, growth in Asia - Pacific emerging nations will decline by 0.5 percentage points two years from now if China 's gross domestic product (GDP) growth slows by 1 percentage point. After all, economic globalization has such a bad influence.

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