What is the relation between economy and globalization?ㅣChoi Jaewon(최재원)
1. Summary Based on the lecture and Reading 4 by Peter Dicken, I learned about the relation between economy and globalization. Many people think globalization is just selling goods to other countries. However, Peter Dicken says it is more complicated than that. He explains that there is a big difference between "internationalization" and "globalization." Internationalization is just the spread of economic activities across borders. But globalization is the "functional integration" of these activities. This means that the parts of the economy are working together like a one big machine. The most important actor in this process is the Transnational Corporations (TNCs). These are huge companies that have factories and offices in many countries. Dicken argues that TNCs are the "primary movers and shapers" of the global economy. They decide where to make products and where to sell them. This decision is depend on where they can make the most profit. F...