What is the relation between economy and globalization? JIN CHUYUE

Economy and globalization are interdependent and mutually promoting. Globalization breaks down barriers to the flow of resources between countries, enabling the optimal allocation of goods, capital, technology, and labor on a global scale. It not only expands the space for economic activities of various countries but also fosters new economic growth points through complementary cooperation. Meanwhile, the demands for market expansion, resource acquisition, and technological upgrading arising from economic development provide the core driving force for the continuous deepening of globalization.
This interactive relationship is reflected in multiple dimensions such as trade, capital, technology, and talent. For instance, the formation of global supply chains has driven the growth of international trade, cross-border capital flows have supported the industrial development of various countries, and the transnational flow of technology and talent has facilitated industrial upgrading. In simple terms, economic prosperity enhances countries' enthusiasm for participating in globalization, while the deepening of globalization further stimulates economic vitality through competition and cooperation, forming a dynamically interconnected pattern.

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