Blog 4. What is the relation between economics and globalization?

1. What is the main issue about the realtionship between economy and globalization?
That is TNC. TNC means the transnational corporation- is the main actor performing in the world economy.
 Coporations which have located outside their home country and have the power
to control other countries as economy and to manufacture productinon outside
their home country have made business empires at a world scale. the companines like thoesare increasing and growing in the world. And TNC activity is measured by using statistics on FDI.
 Then wht and how firms are transnationalizaed? First, the reasons wy the firms extend their operations are market-oriented investment and asset-oriendted investment. The firms want to create more profits from other countires beyond their home country because they even can't get investment from their home country anymore. And  Second, the way the firms develop transnational activities is greenfield and cooperate with other firms.
 The TNCs are the most important aspect in global economy market. They have so powerful authority to extend their business in their ways.

2. I think that we should consider TNCs with a critical view. TNCs have brought the development
of global economy but, in fact not global. It just is the development which is selfish and
partial.

3. I guess that the most influential part of globalization is economy. I hope that we
know more about how globalization have affected global economy and our daily lives.