Extra Credit : Is globalization good for China? And is China good for globalization?
1) Is globalization good for China? I think globalization has a positive impact on China. First, economic growth and development through globalization encourages China's technological development and advancement by expanding foreign investment. China is currently investing heavily in three areas: advanced semiconductors, quantum computing, and artificial intelligence. If investment in the Chinese market expands through globalization, it will be possible to not only expand the capital that is the basis for technological development through cooperation with multinational companies, but also quickly promote innovation. Second, globalization has a positive effect on job creation and income growth in China. Globalization will not only increase employment opportunities at multinational companies, but will also create jobs in various domestic industries and provide abundant opportunities in the labor market. I believe that this will reduce the poverty rate and lead to China's econom...