What is the relation between economy and globalization?-CHEN SIWEN(진사문)
1. Summary The relationship between the economy and globalization is deeply interconnected and mutually reinforcing. Economic activities such as trade, investment, and production are the main driving forces that push globalization forward. At the same time, globalization reshapes the structure of national economies by encouraging cross-border cooperation and competition. Today, goods, capital, information, and even labor circulate across borders faster than ever before, forming a highly interdependent global economic network. Unlike earlier periods when most production was completed within one country, modern economic globalization is characterized by global value chains. Different stages of production are distributed across various countries based on cost, technology, and resources. This means that no single country can easily isolate itself from the global economy. Even small economic changes in one region may quickly affect markets in other parts of the world. Therefore, the ec...