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Essay On Economic Globalization

1119 Words5 Pages

Economic globalization refers to the free movement of goods, capital, services, technology and information around the world. Since the 1990s, due to the improvement of advanced communication technologies and the rapid expansion of multinational corporations, economic globalization has become an important trend of the world economic development. This trend not only provides a broader space for international markets for all countries, but also aggravates the competition among countries for market and resources. Economic globalization is an inevitable result of the development that no country can evade. In this paper, we will discuss that economic globalization is beneficial or not to developing countries. Economic globalization has provided …show more content…

Economic globalization has greatly adjusted the industrial structure of the developed western countries. Some developed countries actively adjust their industrial structure and product mix at home and vigorously develop emerging industries with high technology, compactness and high added value. At the same time, International economic cooperation, international investment or the operation of transnational corporations, some high-energy, high-material consumption, high-pollution and labor-intensive sunset industries will be transferred to developing countries and even landfills will be built in these countries to directly plunder the land there , Labor, natural resources, clean air and clean water, thus achieving the transfer of environmental pollution. For example, asbestos, a strong carcinogen, is used in Europe and the United States to control the use of products, but the world 's consumption has not diminished, for which, such as the United States MONBIL company and Europe 's largest asbestos manufacturing companies came to India to invest and build a joint venture. Then they set up factories, which produced a lot of pollution in India.As the developed countries in Europe and the United States used to build on the backwardness of many underdeveloped countries, the "eco-city" of some developed countries today are also based on the pollution of more developing

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