The mutual influence between economy and globalization
There is a close and complex relationship between economy and globalization, which mutually influence and promote each other, jointly shaping the current pattern of the world economy. Advantages: The development of the economy is an important driving force for the process of globalization. With the development of the economy, the trade and investment connections between countries have become increasingly close, and personnel mobility has also become more frequent, thereby promoting the development of globalization. Globalization has reduced trade barriers and promoted the growth of international trade. Enterprises can purchase raw materials and components at lower costs globally and sell their products to broader markets. At the same time, globalization has also promoted cross-border investment, enabling capital to flow freely across the globe and improving the efficiency of resource allocation. Globalization has also promoted technology transfer and knowledge sharing, enabling en...