R4) What is the relation between economics and globalization? / Yerim Han

1. Summary

This article describes the globalization of the economy around TNC. TNCs developed after the advent of trading companies in World War I. As an entity with authority, the TNC coordinates operations in one or more countries. Most of TNC investments are market-oriented and capital-oriented. This is why the company's ability to secure profitability in its own market saturation or international markets is market-oriented. In addition, capital-oriented investments are not limited to cheap labor in developing countries, but are more available to workers with higher education and skilled technology and motivation.

In the global economy, TNC has a tremendous influence. We should try not to blindly follow them.

2. Interesting point

I knew about the globalization of the economy, but I heard about TNC for the first time. It was also interesting that the TNC, the center of globalization of the economy, started in World War I, which was much earlier than I thought.

3. discussion

TNC enhances worker efficiency by upgrading cheap labor in developing countries. I've seen a lot of this hurting the human rights of workers who are providing cheap labor. What do you think about this? Is efficient labor a priority?

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