Economic Globalization

Topics: Economics, Globalization, Economic development Pages: 3 (886 words) Published: December 26, 2010
Globalization can be divided into economic globalization, cultural globalization, capital of globalization, industry globalization, market globalization, and other aspects. But the most controversial is the economic globalization and cultural globalization, and they are usually considered to be intrusion without force. Next I will focus on these two aspects. The process of economic globalization has long since begun, particularly since the 1980s, especially in the 1990's, the process of world economic globalization become much faster. Economic globalization is the world's economic activity beyond borders. It’s a global economy organic overall that countries through trade, capital flows, technology transfer, provision of services and interdependent and interrelated. Economic activities geographically dispersed in global start comprehensive and integrated phenomenon, and its main body is generally believed to be MNEs. The specific performances are capital, technologies, products and other multinational fast flow or proliferation, as well as the strengthening of transnational monopoly power. Economic globalization is one of the important characteristics of the contemporary world economy, is the performance of human development and progress, and is the inevitable consequence of economic development. But for each country, it is both an opportunity and a challenge. In particular, the countries with weak economic strength and behind in science and technology, in the face of global competition, the risks, and challenges will be even more challenging. Usually, we all know that economic globalization help resources and factors of production in the global configuration, and is in favor of capital and product flow in global, and conduce to the expansion of the global science and technology, and is good at promoting the economic development of less developed area. But in the mean time, as the economic globalization run deeper, more and more problems you can not predict have...
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