What Is the Relation Between Economics and Globalization? - Jang Eun Seok

 Summary

This article explains the basic definition, roles, and operating methods of transnational corporations (TNCs). Based on this information, Dicken suggests that although TNCs have strong influence in today’s globalized world, they do not have absolute power. Some politicians claim that TNCs ignore national borders and weaken the independence of nation-states because of their power. However, Dicken argues that this idea is incorrect.

Interesting Point
I have often seen the term TNC in the news and in job-related information, but I did not clearly know what role they play or how they operate. Through this article, I learned about their structure and roles. I found it especially interesting how these companies grow their business and expand their size.

Discussion
From this article, we can see that globalization has a strong influence on the economy. As the world becomes more globalized, new types of companies like TNCs have developed and grown. This shows that new business models and economic systems may continue to appear in the future. When such new changes happen, we will need to think about how to respond and adapt to them.

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