What is the relationship between economics and globalization? - Kim jong min (hanyang)

The relationship between economy and globalization is very close, and I personally believe that the economy has contributed the most to creating globalization. Economic globalization means that technology, services, capital, goods, and information move freely across borders.This is interdependent globally. In addition, access to economic goods and services can lead to political and cultural exchanges at the same time. This is because when you engage in trade activities such as exports and imports for economic gain in various fields such as finance, production, technology, institutions, businesses, and labor, you naturally come into contact with things from other cultures and political systems.

Economically globalizing can also help developing countries grow their economies, while at the same time lowering consumer prices in developed countries, contributing to balancing the balance between countries. Therefore, this phenomenon can be a solution to the problem of worker shortage and job creation by moving workers. This can create a win-win outcome for everyone. 

Unfortunately, in my opinion, it was the war that led to the rapid development of economic globalization. This is because the exchange of economic materials using airplanes and ships became very active in order to sell weapons and materials to warring countries and to restore buildings and facilities after the war ended. 

Several international organizations provide assistance for global exchange. In addition, multinational companies have the characteristic of being relatively free from national sanctions by operating or manufacturing in multiple countries.

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