Online blog writing assignment 4/ “What is the relation between economics and globalization?” /Yunjin Lee

1) Summary

 The book titled "Economic Globalization: Corporations" by Peter Dicken provided a candid and detailed analysis of the important impact and role of multinational corporations in enhancing international economic globalization. Ideally, Dicken examined how these corporations have emerged as important actors or players in shaping the global economic structures and patterns. He evaluated the individual strategies that are employed by various MNCs' multinational corporations to further expand their border operations by highlighting the challenges and complexities experienced by these corporations while navigating through the diverse cultural, economic, and political contexts. Additionally, Dickens also reviewed the respective globalization aspects like (1) how governments regulate the behavior of corporates, (2) the impact of corporate power, (3) FDI foreign direct investment, and finally (4) the global production process. 

2) Interesting point

 Despite providing different thought-provoking issues around economic globalization, one of the most interesting aspects studied by Dickens, is the sharp increase in the networks of global productions used by MNCs to effectively distribute their products and services across various nations. Furthermore, Dickens, also provided interesting information on the important role of FDI (Foreign Direct Investment) in shaping up the patterns of the international economy. Consequently, Dickens also analyzed the intricate nature of the power dynamics between regulatory frameworks, government institutions, and multi-national corporations. Ideally, the insights shed new insights and helped in comprehending how the corporations reliably navigate the challenge through the globalization complexities and their influence on the international economy. 

3) The point of discussion

 Finally, one interesting question or discussion angle that could be explored further from the findings disclosed by Dickens is the issue of the ethical impacts of corporations in the global community. Ideally, some of the ethical impacts of multinational corporations that could be evaluated further include: (1) social inequality, (2) labor rights, and (3) concerns about environmental sustainability. Ideally, future research on these ethical implications of MNCs will provide comprehensive information on how these global corporations impact different stakeholders within the global community. 

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