What is the relation between economics and globalization?----진사우 CHEN SIYU

 Summary：

From my perspective, the economy and globalization move forward by pushing each other. Globalization allows capital, goods, technology, and labor to flow more freely across borders, and these flows directly reshape national economic structures. For example, multinational companies set up factories around the world, and the international division of labor has become extremely detailed. A single smartphone may involve cooperation from more than a dozen countries. For any country, globalization means both larger markets and fiercer competition. For individuals, it changes how we work, how we consume, and even how we plan our lives. In a way, without globalization, today’s highly interconnected world economy would not exist.


Interesting points:

What I find most interesting is that globalization brings the world closer while quietly creating new gaps at the same time. I can easily order Chinese food in Korea and see advertisements for French brands every day, as if the whole world is right in front of me. Yet at the same time, many developing countries remain stuck at the bottom of the global supply chain, relying on cheap labor to survive. As an international student myself, I am also part of this global flow. People can move across borders more freely to study, but opportunities are never equally shared. This contrast is exactly what I find both real and ironic.

My Personal Thoughts and Doubts

More and more, I feel that globalization itself is neither entirely “good” nor “bad”—what really matters is who makes the rules and who pays the price. For powerful countries, globalization is a tool for expanding markets; for weaker ones, it can feel like forced participation. I also worry that when the economy becomes too dependent on the global system, crises such as wars, pandemics, or financial crashes can make us extremely vulnerable. So instead of simply “anti-globalization,” I believe the future should move toward a version of globalization that has clearer boundaries and is more fair.

Comments

  1. YU JIEDecember 8, 2025 at 2:19 AM

    Globalization is not simply a matter of good or bad, but a system where power imbalances shape the rules and distribution of benefits, causing different countries to bear different costs. Rather than rejecting globalization outright, it is more pragmatic and forward-looking to pursue a fairer model with stronger protections.

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