The relationship between economy and globalization 2021008895 LYU YANGCHENG

 Globalization eliminates the barriers of geographical boundaries and enables goods and services to circulate around the world. The scale of trade between countries continues to expand through reducing tariffs, establishing free trade agreements and optimizing supply chains. The acceleration of capital flows and cross-border capital flows are important features of globalization. The free flow of capital between countries has promoted economic growth and industrial upgrading through foreign direct investment (FDI) and cross-border mergers and acquisitions. Technology Diffusion and Innovation

Globalization promotes the diffusion and cooperation of technology around the world. For example, through multinational corporations and international R&D projects, developing countries can quickly absorb and apply the technological achievements of developed countries and improve productivity. The formation of a global supply chain

Economic globalization enables companies to use global resources and form an international supply chain. Manufacturing, agriculture and service industries can all reduce costs and improve efficiency through global cooperation. Economic demand drives globalization

Countries actively participate in the process of globalization in order to expand market size, optimize resource allocation and meet consumer demand. For example, developed countries need new markets to export technology and capital, while developing countries rely on global markets to promote exports and economic growth.

Technological progress drives economic globalization

The development of transportation, communications and information technology has reduced the cost of trade and communication between countries. For example, the popularity of the Internet and e-commerce has made cross-border transactions more convenient.

International institutions promote globalization

Economic development has led to the establishment of international institutions (such as the World Trade Organization, the International Monetary Fund, etc.), which set rules and promote the further deepening of economic globalization.

Economic growth: Globalization has expanded the market size and resource allocation efficiency, which has contributed to global economic growth.

Job creation: Multinational corporate investment has promoted employment opportunities in developing countries.

Improved living standards: More goods and services enter the market, consumers have more diverse choices, and prices are more competitive. Globalization has promoted the flow and exchange of goods, capital, technology and civilization, and promoted world economic growth. Through trade liberalization and investment facilitation, countries can more efficiently use global resources to improve production efficiency and promote economic development.

In emerging market countries or regions, globalization has brought a large number of employment opportunities, especially in the manufacturing and service industries. At the same time, globalization has also promoted the development of education and training, and improved people's skills.

Globalization has accelerated the exchange and integration of different cultures, promoted the spread of universal values ​​and the coexistence of multiple cultures. For example, the development of the Internet and social media has made it easier for people to obtain and share information, thereby promoting cultural interaction and understanding.

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