What Is the Relation Between Economics and Globalization? - TRAN THUY NGA (짠 튀 응아)
1. Summary of the Reading Reading 4, Economic Globalization: Corporations by Peter Dicken, provides a detailed and nuanced examination of the deep interconnections between economics and globalization, emphasizing that transnational corporations (TNCs) are the primary drivers of contemporary global economic processes. Rather than relying on the simplified narrative that global corporations dominate the world without constraints, the reading argues that the reality is far more complex, embedded, and uneven. It highlights several core themes: the scale and distribution of TNCs, their motivations for expansion, their modes of transnationalization, their geographical embeddedness, and the intricate networks and power dynamics that shape the global economy. The chapter begins by challenging the stereotype of TNCs as “placeless giants.” Although corporations such as General Motors, Toyota, or IBM operate globally, most still retain a significant share of their activities in their...