Summary
In a narrow sense, economic interdependence is an increasing and deepening phenomenon throughout the world. Globalization is defined as a global integration of the world into economic development, featuring free trade, free movement of capital, and the search for cheap overseas labor markets. The International Monetary Fund defines global economic integration as globalization through the international movement of commodity service capital. In a broad sense, globalization refers to an phenomenon in which interactions between individuals and governments between individuals and governments worldwide are magnified and developed, not limited to economic areas. The World Health Organization (WHO) called globalization an increase in interconnection and interaction between people and countries, and it refers to globalization as a phenomenon where interconnectivity expands, develops and accelerates in all aspects of social life. In the aggregate of the above definitions, globalization is a hypernational link and interdependence between citizens, societies, economies, cultures, and governments in each country of the world that have lost borders.
Interesting
factors that promote globalization. It's really interesting how globalization has progressed. I can sum up factors that promote globalization like this.First, globalization was facilitated by the development of transportation, information and communication technologies and the Internet. These advances in information and communication technologies have played a role in promoting active interactions among individuals, individuals versus countries, and countries to countries. Second, neo-liberalistic policies have helped spread globalization. Since the 1970s, major developed countries have promoted neo-liberalistic policies, focusing on privatization, economic deregulatoryization, trade liberalization, government reduction and financial deregulation. Third, globalization was facilitated by the spread of global and economic organizations.
Disscusion
The positive part of globalization is that the increase in international trade caused by globalization leads to global economic growth. Increase in income, create jobs, and liberalize trade lead to increased purchasing power of workers and economic growth.There are also advantages to the globalization of tourism resources that can help develop tourism resources in different countries and preserve valuable cultural or regional contributions. So, what do you think are the negative aspects? Share your thoughts with you.
In a narrow sense, economic interdependence is an increasing and deepening phenomenon throughout the world. Globalization is defined as a global integration of the world into economic development, featuring free trade, free movement of capital, and the search for cheap overseas labor markets. The International Monetary Fund defines global economic integration as globalization through the international movement of commodity service capital. In a broad sense, globalization refers to an phenomenon in which interactions between individuals and governments between individuals and governments worldwide are magnified and developed, not limited to economic areas. The World Health Organization (WHO) called globalization an increase in interconnection and interaction between people and countries, and it refers to globalization as a phenomenon where interconnectivity expands, develops and accelerates in all aspects of social life. In the aggregate of the above definitions, globalization is a hypernational link and interdependence between citizens, societies, economies, cultures, and governments in each country of the world that have lost borders.
Interesting
factors that promote globalization. It's really interesting how globalization has progressed. I can sum up factors that promote globalization like this.First, globalization was facilitated by the development of transportation, information and communication technologies and the Internet. These advances in information and communication technologies have played a role in promoting active interactions among individuals, individuals versus countries, and countries to countries. Second, neo-liberalistic policies have helped spread globalization. Since the 1970s, major developed countries have promoted neo-liberalistic policies, focusing on privatization, economic deregulatoryization, trade liberalization, government reduction and financial deregulation. Third, globalization was facilitated by the spread of global and economic organizations.
Disscusion
The positive part of globalization is that the increase in international trade caused by globalization leads to global economic growth. Increase in income, create jobs, and liberalize trade lead to increased purchasing power of workers and economic growth.There are also advantages to the globalization of tourism resources that can help develop tourism resources in different countries and preserve valuable cultural or regional contributions. So, what do you think are the negative aspects? Share your thoughts with you.
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ReplyDeleteThe negative aspect of globalization is that culture can be uniformized. Globalization is also a means to unilaterally convey the culture of developed countries. As a result, cultural diversity may disappear.
ReplyDelete(Dayoung kim)
I support your point of view. I believe that globalization will bring about economic development, but at the same time there are negative aspects, such as the loss of some traditional cultures. While people are constantly developing, the most basic culture should be adhered to.
ReplyDeleteYeqing / 2015048404
I think the most negative aspect is the fact that trade in the era of globalization is one place where capital has to be gathered. Trade between capitalist countries can only follow the principle of power. The developed country will increasingly occupy a high position in trade. I think this will create a rich and poor couple.
ReplyDelete