Blog3:What is the relation between politics and globalization? ——YUE ZIYI

 The relationship between economy and globalization is mutually reinforcing: economic activities drive the process of globalization, and globalization, in turn, reshapes the mode and scope of economic activities. However, this relationship also brings social, cultural and environmental challenges that require more comprehensive management and response strategies.

1. One of the core characteristics of globalization is the expansion of economic activities from the local or national level to the global level. This includes the globalization of economic behaviors such as production, consumption, investment and trade. This expansion makes the economies of all parts of the world interconnected, forming a complex global economic network.

2. Economy is the main driving force of globalization. Economic activities (especially the capitalist development model) are one of the key driving forces of globalization. The integration of multinational corporations (MNCs), financial markets, and technological innovations (such as advances in information and communication technology) have accelerated the process of globalization.

3. Economic globalization is not a simple global unification, but is accompanied by the emergence of local characteristics (localization). For example, while multinational corporations expand their business globally, they also adjust their products and services to adapt to local market needs, which is called "global-localization".

4. The impact of globalization on different regions is uneven. Some regions benefit from integration into the global economy, while others may be unable to compete or be controlled by others due to their dependence on the global market, leading to further aggravation of global and regional economic inequality.

5. Economic globalization is not a completely natural process. It needs to be promoted and managed through international organizations (such as the World Trade Organization and the International Monetary Fund) and intergovernmental policy collaboration. These institutional frameworks provide rules and support for global economic activities.

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