Economic Globalization.

Economic Globalization

1. Summary

As a political perspective, Not only left but also right political perspective say that Our Economic system is Global; Economic Globalization.

The scale and geographical distribution of transnational corporations. - Actually in the 16 C, there was also Transnational corporation such as British East india company like that. After WW1 the transnational corporations became more popular and more bigger. Some of the Most biggest transnational corporations own most amount of economy, market and interest.

Why and how firm "Transnational" -
There are many reasons why the corporations do a transnational. First of that reason is market oriented investment and Second of reason is asset oriented investment.

Modes - There are two major ways how corporations do transnational activities. One is greenfield investment and another is engagement with other corporations as merge or collaboration so on.
Greenfield investment can name as the totally new facility building. It can exist as the factory building to separate by each part of stock to do their task.
Many transnational Corporation do Engagement with other corporations for their activities in abroad. By merge or collaboration, Transnational Corporations can remain in the Global market and make possible their goal in the global market.

TNC is main movement of economic globalization. Our world is becoming  interdependent and connect to each other more deeply. Not only each nation but also each corporation can not survive as itself. They must corporate to each other for make their profit and make sure that their remains. Nowadays TNC is connected to nation, corporation, local town and people. TNC makes possible many thing for us and give more option and chance for us to do something.

2. What did i learned

Since i read this article, i don't know about the Economic globalization exactly.
I can know many things about the economic Globalization to not only this article but also class. In the class, we talked about world trade. There are many agreement and many organization relate to free trade. We can say that the modern trade is not protect but free.
Korea government did many free trade agreement and also participate in many free trade organization. We talked about many free trade like TPP, RCEP and so on. We can know about that the free trade is just like a coin so there are always dark side and also bright side. As we talked and found information about the Korea rice market, which it is related free trade, we can think about who will win and who will lose because of free trade. We must think about the counter attack to free trade. Some nations doesn't want to free trade no more. They want to protective trade. The reason why they think like that is job. Really many people think that because of free trade, too many foreigner worker came to their nation and the foreigner work do their job so they lose their job. Actually is is half right and half wrong. I think that the reason why brexit and Donald Trump became the president of U.S is this kind pf thinking and opinion. The British people ,who voted for brexit, thought that they lose and give up too many thing because of EU. It is just same as U.S people who voted for Donald Trump for their president.

3. Discussion point

I am really interesting in the nowadays Economic Globalization. As we already know that we are living in the Economic Globalization society. Because of the Economic Globalization society, many thing can be possible. One of example is that shopping. We can buy many thing, which came from other nations and there are really many option to buy something. ( you can think about when you buy shoes- Nike, Adidas, Puma, so on...). There are really many global organization relate to economic around the world.  WTO is the best example of that can show the economic globalization. I want to ask question to you "How does our economic market change? " As you know that our economic market changed really many times and it is still changing. Is this kind of change good for us ? If it can influence bad and side effect on someone, who will lose their profit?
And my last question is "How can we prepare and ready for economic globalization?" As we already know that the Economic Globalization is main movement of Economic and nobody deny to that fact. I think that there are always winner and also loser during the process and also after that movement so what can we do for this kind of movement and what is the problem of economic globalization and how can we handle that ?