What are the pros and cons of economic globalization and what are the pros and cons of economic glob

The pros and cons of economic globalization are as follows:

Since the 90s of the 20 th century, the trend of economic globalization has increasingly become the trend of development in the world today, the trend of development in the world today, and the general trend of historical development.

In other words, economic globalization is an irreversible development trend today. Starting from economic globalization, this article takes the advantages and disadvantages of economic globalization as the topic, and the first part gives an overview of economic globalization, and introduces the concept of economic globalization and the development trend of economic globalization respectively.

The second part describes the positive effects of economic globalization, including that economic globalization can optimize the allocation of resources, that economic globalization provides developing countries with an opportunity to meet opportunities and challenges, that economic globalization will promote the emergence and development of a great world culture, and that economic globalization has other positive benefits.

The third part writes about the negative effects of economic globalization, including the fact that economic globalization has exacerbated the inequality of the world economy and widened the gap between the rich and the poor; Economic globalization has increased the instability of the world economy; The current rules governing the operation of the global economy are not reasonable, and most of them are in favor of developed countries.

Economic globalization may also lead to the destruction of the ecological environment in developing countries; Economic globalization has come at a huge cost to developing countries; Economic globalization will inevitably have a certain impact on national culture. Finally, he writes about how developing countries should respond to the trend of economic globalization.

Developing countries must take advantage of their national conditions and make use of their own advantages to accelerate the development of their national industries; Developing countries must take the path of scientific and technological innovation; Solidarity and cooperation among developing countries should be strengthened to establish a new international economic order.

Positive effects of economic globalization:

1. Economic globalization can optimize the allocation of resources.

2. Economic globalization provides an opportunity for developing countries to meet opportunities and challenges.

3. Economic globalization will promote the emergence and development of the world's great culture.

Negative effects of economic globalization :

1. Economic globalization has exacerbated the inequality of the world economy and widened the gap between the rich and the poor.

2. Economic globalization has strengthened the instability of the world economy.

3. The current rules of global economic operation are not reasonable, and most of them are in favor of developed countries.

4. Economic globalization may also lead to the destruction of the ecological environment in developing countries.

5. Economic globalization has cost developing countries enormously.

6. Economic globalization will inevitably have a certain impact on national culture.

The above content reference: Bunko - Pros and Cons of Economic Globalization.

The benefits and disadvantages of economic globalization are different for developed and developing countries. What developed countries have gained in economic globalization is the control of rules and the setting of top-level occupations, while the disadvantage is the hollowing out of industries, and the gap between the rich and the poor in China is becoming more and more obvious. What developing countries can gain in economic globalization is economic development and the introduction of new technologies, but the disadvantages are uneven profit distribution and environmental problems.

In the process of economic globalization, developed countries transfer their highly polluting and labor-intensive industries as much as possible, and then look for the most suitable carriers in the world, while developing countries accept them as a carrier. Of course, multinational corporations are the biggest beneficiaries of globalization in the whole process, because they can develop their own industries at the lowest cost by absorbing the advantages of natural resources, labor resources, scientific and technological resources and tax resources of various countries.

To sum up, this is the pros and cons of economic globalization.

Economic globalization refers to the process of forming an organic economic whole through foreign affairs, technology transfer, capital flows, service delivery, interconnection, and interdependence of world economic activities beyond national borders.

It is a product of the development of the world economy and science and technology, and to a certain extent, it meets the requirements of the further development of the productive forces, and is one of the important characteristics of the world economy and an important trend in the development of the world economy.

Economic globalization.

The term economic globalization was first proposed by T-Levy in 1985, and there is still no accepted definition. According to the International Monetary Fund, "economic globalization refers to the increase in the size and form of cross-border goods and services** and capital flows, as well as the widespread and rapid diffusion of technology, which has increased the interdependence of the world's economies".

And the Organisation for Economic Co-operation and Development (OECD) argues"Economic globalization can be seen as a process in which the economy, markets, technologies and forms of communication are becoming more and more global, and national and local characteristics are decreasing"。To this end, economic globalization can be understood from three aspects: first, the strengthening of economic ties and the increasing degree of interdependence of countries in the world; Second, the domestic economic rules of various countries continue to converge; Third, the international economic coordination mechanism has been strengthened, that is, the coordinating and restraining role of various multilateral or regional organizations in the world economy has become stronger and stronger.

Generally speaking, economic globalization refers to the process of realizing the division of labor and cooperation and mutual integration of the markets of various countries through the division of labor, investment, multinational corporations, and factor flows, based on the market economy, with advanced science and technology and productive forces as the means, with the developed countries as the leading countries, and with the goal of maximizing profits and economic benefits.

Economic globalization is dual.

The benefits of economic globalization

On the one hand, economic globalization has the ability to promote the improvement of productivity and the development of the global economy. Under the conditions of economic globalization, countries are expected to complement each other's resources and give full play to their respective advantages in close exchanges with the global economy. It is expected that scientific and technological achievements will spread rapidly around the world; It is expected to provide valuable opportunities for developing countries to realize the late-mover advantage; It is expected that the common problems faced by mankind, such as the environment, resources, and population, can be better solved.

The disadvantages of economic globalization

On the other hand, economic globalization is carried out under the leadership of the developed capitalist countries, and there are inevitably drawbacks.

First, economic globalization includes the globalization of the market economy, and the shortcomings of the market economy, such as blindness, spontaneity, and lag, are also globalized.

Second, the Western capitalist powers have used economic globalization to promote economic hegemony and power politics, and to implement unfair distribution of resources and unequal international development on a global scale.

Third, local crises can easily lead to turbulence and even crises in globalization.

Disadvantages of globalization:

First, the entry of a large amount of foreign capital in the town is likely to cause debt burdens, which may lead to a dangerous rise in international debt.

Second, the entry of foreign capital has a great impact on national capital and national industry.

Third, economic globalization has made the contradiction between the ecological environment and sustainable development and development of developing countries increasingly acute.

Fourth, the entry of transnational capital has increased the speculative nature and risk of the financial market, and it is easy to create an opportunity for short-term speculative capital to hit the domestic markets of developing countries that are weaker.

Fifth, the economic transformation of developing countries in the context of economic globalization is full of turbulence and ups and downs.

Sixth, economic globalization has accelerated the imbalance in economic development between developing and developed countries.

Seventh, economic globalization has to a certain extent undermined the economic sovereignty of developing countries.