give it awayEconomic Globalization
Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increa in cross-border movement of goods, rvice, technology, and capital.tenderheart Economic globalization has a strong impact on the development of country with the improvement of technology transportation, globalization and multinational corporations all over the world. While many countries promote the development of their economy, there are some problems which can not be neglected in this process. Some developing countries are suffering the decrea of resources, pollution of environment and so on. Economic globalization is not totally beneficial for alljya nations.
Firstly, economic globalization does not mean absolute economic growth. Thailand, a developing country, started an economic crisis in opteronJuly 1997, which spread throughout Asia and around the world. This economic crisis made a rious impact on Thailand's economy. Some financial experts analyzed that this financial crisis topically resulted from that some developing countries blindly and positively join in the world supermarket and accelerated.(D
ai Puying) The 1994 economic crisis in Mexico, widely known as the Mexican peso crisis or the Tequila crisis, was caud by the sudden devaluation of the Mexican peso in December 1994. Therefore, all parties should be wi to be mindful of the market. An open market partially is a challenge to some developing countries and is unbeneficial to protect their safety nets.(Linda Yueh 27-28)
Secondly, economic globalization does not mean sustainable development in every country. TRAFIGURA AG, a Netherlandish company, transported poisoned garbage to Cote d'Ivoire, which caud 10 people poisoned to death.(Pan zhi) A gas leak incident occurred on the night of 2–3 December 1984 at the Union Carbide India Limited (UCIL) pesticide plant in Bhopal, Madhya Pradesh. Ispendt is considered the world's worst industrial disaster.(Edward Broughton) Some countries transfer high energy-consuming industry to some backward country, which results in a rious decrea of natural resources. They often shift highdairy queen energy-consuming industry to Southeast Asian countries, African countries and Latin American countries. The countries rve as their super factories. For examples, China exported disposable chocksticks to Japan, which caus
rious forest deterioration.(Zhen tonghan 141)
Thirdly, economic globalization partially is not beneficial for keeping social stability. In nearly 30 years, veral financial cris have happened in the world. In 1997, a financial crisis happened in Thailand and then overran entire East Asia, causing a bad impact on East Asian social life. In 2008, a larger financial crisis happened all over the world, influencing our social stability and 狼的翻译harmony. The unemployment rate in the US is quite high, though its rising trend has been under control. This phenomenon mainly results from an increasingly globalized American economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs.(Kimberly Amadeo)
Economic globalization would produce passive influence on the development in the world, such as economical crisis, developing unbalance, unemployment, which is unbeneficial to global development. The worldwide commercial market becomes so flexible that there are a lot of opportunities provided for economical environment with the participation in economic globalization. Furthermore, economic globalization can strength
en international cooperation and reduce cultural blockages and differences among nations. It ems that Economic globalization is totally beneficial for all nations. However, in the meanwhile, some problems which even would do fatal impact on some countries or even the whole world still exist. Faced with the economic globalization, we should critically analyze both its positive aspects and passive aspects but not blindly consider its positive aspects singularly. When a country is extremely positive in the economic globalization, it is necessary to take measure to protect its national interests.
Work cites
Dai Puying. “The influence of economic globalization on developing countries and the options of statics.” 3 May 2011.
at least/ResumeMaker/show-43736.html
Edward Broughton. “The Bhopal disaster and its aftermath.” 10 May 2005
bi.v/pmc/articles/PMC1142333/
Linda Yueh. The Law and Economics of Globalization, Northampton: Edward Elgar Publishing Limited, 2009.
Pan zhi. youk“TRAFIGURA AG transported poisoned garbage to Cote d'Ivoire and caud deaths.2012英语”24 July 2010
/world/2010-07/24/c_13413289.htm
Kimberly Amadeo. “Current U.S. Unemployment Rate Statistics” September 2013
/od/economicindicators/a/unemploy-curren.htm
Zhen tonghan. The Problem of Economic Security during the Process of Economic Globalization, National University of Defen Press, 1999.
