What is the relation between economics and globalization？---JINJINYAN

 1.Summary

  Economics and globalization are inextricably linked. Globalization drives trade, investment, labor mobility, and technological exchange between countries; while economics provides a framework for analyzing these changes, helping us understand how markets expand due to global connectivity. Globalization makes products cheaper and offers more choices, but it also brings problems such as industrial relocation and widening income inequality. Simply put: economics explains the operating logic of globalization, while globalization, in turn, enriches economic research with real-world examples.

2. Interesting Points

  One interesting phenomenon is that globalization is making "distance" increasingly less important. In the past, it was costly and time-consuming for products from one country to enter another. Now, a mobile phone is all it takes to do business worldwide. Coffee beans from Latin America, roasted in Shanghai, and then bought by South Korean consumers—the supply chain and price changes behind this can be explained by economics.

  Another interesting example comes from China. Chinese e-commerce platforms have not only formed a massive ecosystem domestically but have also sold small commodities globally through cross-border e-commerce. Small shop owners in Yiwu, Zhejiang, can receive orders from Europe, Southeast Asia, and Africa in the early morning, and the packages can be delivered to buyers within days. This ability to "sell globally" is the result of globalization combined with China's manufacturing and logistics systems, demonstrating the real-world application of economies of scale and cost advantages in economics.

3. Discussion

Will globalization continue to expand in the future? 

Faced with industrial relocation, trade frictions, and employment changes brought about by artificial intelligence, how should countries protect their local economies while maintaining openness? 

While enjoying the conveniences of globalization, should consumers also consider how to support a fairer and more sustainable economic model?

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