Economic Globalization Research Articles

Value Research of HYBE Entertainment

Abstract: With the development of economic globalization, Korean entertainment companies occupy an increasingly important position in global entertainment. Under the fierce competition among Korean entertainment companies, HYBE has created several standouts K-pop groups in the past few years, thereby breaking the pattern of the three major entertainment companies, YG, SM, and JYP. HYBE has attracted a predominantly youthful crowd mainly with its unique music aesthetic, versatile group styles, and frequent returns, and has made efforts to expand its presence from the Korean domestic market into the U.S. market, where it has become a major player. It is also trying to expand its sales from the Korean domestic entertainment market to overseas markets, mainly the United States. Despite the controversy surrounding some of HYBE's groups, which has raised the company's operational risk, the company's groups have gradually gained a significant position in global entertainment. This article analyzes the value of HYBE from the perspectives of profitability and business analysis, describes the current state of the company's development, and explores the reasons for its steady growth.

The Cultural Differences Between China and The West in International Business Activities

With the development of economic globalization, more and more enterprises choose to expand their industries abroad, leading that international business activities are becoming more and more frequent. At the same time, the important role of cultural differences in international business activities has become increasingly prominent. Studying the cultural differences between China and the West in international business activities can help multinational corporations understand what cultural differences exist in their business activities between China and Western countries, what challenges they will encounter and how to deal with these challenges, so as to improve their competitiveness, help them carry out international business activities smoothly, and finally promote the prosperity of the global economy.

Fostering Early English Education in Saudi Arabia: A Pathway to Achieving the United Nations’ Sustainable Development Goals in Education

English language education has become increasingly vital in non-English-speaking countries, driven by globalization and the demands of the international economy. In Saudi Arabia, enhancing English proficiency is one of the most important aspects of educational reform emphasized by Vision 2030. This study examines the perceptions of 420 kindergarten and elementary school teachers, Saudi Arabia, regarding early English education for young learners aged 4 to 8. Using a structured questionnaire, the study reveals strong support among teachers for early English instruction, with 77% agreeing that every child should master at least one foreign language. Additionally, 86% of respondents believe that English should be introduced in primary school to establish a solid foundation for language mastery. Multiple regression analysis identified significant predictors of teacher support, such as teaching experience, educational qualifications, and regional location. Teachers with more experience and higher qualifications were more supportive of early English education, with greater support seen in urbanized areas. The findings also highlight the significance of English proficiency in the context of economic globalization. A total of 88% of teachers recognize that English is necessary for global communication and competitiveness. The study concludes that teacher perceptions align with the goals of Vision 2030, highlighting the strategic importance of early English education in Saudi Arabia's educational reforms. It further highlights the need for ongoing professional development for teachers and increased parental involvement to ensure the positive implementation of early English programs. These insights are critical for informing educational policies and practices that support Saudi Arabia's broader socio-economic objectives.

Récits de l’entente criminelle dans la « société en réseaux » : Quelles reconfigurations littéraires pour quels complots ?

This article argues that contemporary fictions of organized crime reinscribe, in many ways, the imaginary of conspiracy in narrative structures rooted in immediate history, while aiming to critique new ramified and diffuse systems of power. Which procedures are used to uncover the secrecy surrounding these organizations? How do these works reformulate concerns about the localization of power in today’s “network society” that has emerged with economic globalization? Using examples from contemporary Italian literature, I will examine the ways in which authors write about mafia practices, accompanying the social sciences’ reclassification of organized crime as a phenomenon of power. I will also ponder the effects generated by these narratives, in which the distancing of conspiracy theories does not exclude certain reformulations of them with other terms.

Forecasting Maritime and Financial Market Trends: Leveraging CNN-LSTM Models for Sustainable Shipping and China’s Financial Market Integration

With the acceleration of economic globalization, China’s financial market has emerged as a vital force in the global financial system. The Baltic Dry Index (BDI) and China Container Freight Index (CCFI) serve as key indicators of the shipping sector’s health, reflecting their sensitivity to shifts in China’s financial landscape. This study utilizes an innovative CNN-LSTM deep learning model to forecast the BDI and CCFI, using 25,974 daily data points from the Chinese financial market between 5 May 2015 and 30 November 2022. The model achieves high predictive accuracy across diverse samples, frequencies, and structural variations, with an R2 of 97.2%, showcasing its robustness. Beyond its predictive strength, this research underscores the critical role of China’s financial market in advancing sustainable practices within the global shipping industry. By merging advanced analytics with sustainable shipping strategies, the findings offer stakeholders valuable tools for optimizing operations and investments, reducing emissions, and promoting long-term environmental sustainability in both sectors. Additionally, this study enhances the resilience and stability of financial and shipping ecosystems, laying the groundwork for an eco-friendly, efficient, and sustainable global logistics network in the digital era.

MANAGEMENT OF THE FINANCIAL FLOWS OF LOGISTICS SYSTEMS

In the context of globalization and integration of the world economy, the main task of every business entity is to ensure financial stability and security of its operations. The logistics industry is no exception. In such a context, there is a necessity of fundamentally new approaches to the development of an effective system for managing financial flows of logistics systems. The insufficiency of the theoretical and practical study of the problems of managing financial flows of logistics systems, the difficult current economic conditions of management, outlined by the impact of the financial crisis and economic instability, the necessity to manage and control the level of financial stability of logistics enterprises in order to prevent bankruptcy, are the key reasons for the relevance of the study. In article considers issues of management of financial flows of logistics systems. The analysis of management processes in the system of financial activity of the logistics industry has been conducted. It is noted that the relevant aspects of managing the financial flows of logistics systems should include measures to improve the efficiency of using borrowed capital and investment resources. The study theoretically substantiates and solves a set of issues related to the development of an effective concept for managing financial flows of logistics systems under conditions of uncertainty. The analysis of the status and trends in the development of the logistics sector, as well as topical aspects of financial management of logistics enterprises, has allowed to develop a set of measures to improve the system of management of financial flows of logistics systems, which should be implemented on the principles of financial management. The concept of management of financial flows of logistics systems is proposed. A scheme for ensuring the financial security of logistics systems has been developed. The key principles of management of financial flows of logistics systems under conditions of uncertainty are determined. The study made it possible to state that the conceptual approach to managing the financial flows of logistics systems will help to prevent the crisis, increase the efficiency of activities and the successful development of the industry as a whole.

The Current Situation, Issues, and Improvement Measures of Foreign Direct Investment in China's Agricultural Economy

With the rapid development of economic globalization, the connections between countries have become increasingly close, and foreign direct investment has gradually become an important factor influencing the agricultural economic development of various countries. In order to achieve their own economic development, countries have actively sought to attract foreign investment. With China’s accession to the World Trade Organization and its active participation in global governance, attracting and utilizing foreign investment for domestic agriculture has become a strategic consensus for economic development amid intense global economic competition. This paper analyzes the history and current situation of foreign direct investment in Chinese agriculture, identifies the main issues faced by Chinese agriculture in utilizing foreign direct investment, and proposes corresponding solutions, including improving the foreign direct investment environment in Chinese agriculture and optimizing the structure of foreign direct investment sources.

Estimating the impacts of economic globalization and natural resources on ecological footprints within the N-shaped EKC in the Next 11 economies

The economic development of N-11 countries has been significantly influenced by the contributions of natural resources (NAT) and economic globalization (EG). These countries have been facing drastic environmental problems for several years. Hence, it is imperative to ascertain the environmental ramifications of natural resource extraction activities in the N-11 nations. In doing so, this study examines the impact of gross domestic product (GDP), EG, and NAT on ecological footprints (EF) within the time frame of 1971 to 2022 in the group of N-11 countries. After verifying the cross-sectional dependence, this work found the integration of all variables at first difference. To provide short and long run econometric results; this study utilizes cross sectional autoregressive distributed lag (CS-ARDL). The findings indicate that the presence of NAT rent has a detrimental impact (0.03%) on the ecological quality within the N-11 nations. Moreover, it can be argued that both EG and GDP exhibit environmentally sustainable characteristics over an extended period by (0.03% and − 3.12%) respectively. This study does not provide evidence for the presence of an N-shaped Environmental Kuznets Curve (EKC) in the N-11 nations. Based on the findings, a policy recommendation is proposed for the nations in question. These countries must immediately implement and enforce robust environmental laws while fostering a heightened sense of environmental consciousness. It is imperative for emerging economies to increase their investments to explore and adopt efficient technologies in various economic sectors, including mining.

The Impact of First Language Accent on the Acquisition of Second Language Pronunciation: Taking Rhotic as an Example

Abstract: With the advance of information globalization and economic globalization, it is of great importance for non-native speakers to master English or another widely spoken second language to involve themselves in international communication better. Nonstandard accents in second language pronunciation, assumed to originate from first languages pronunciation habits, and their influence on communicating with native speakers have triggered foreign speakers concern accordingly. The paper, through literature review, theoretical analysis, and experiment, explores the impact of first language accent on the pronunciation habit of the second language, specifically on the rhotic-related words in both languages (Chinese and English). The paper finds that speakers' Chinese accent does affect how they say rhotic-related words in English, even when the approach to learning a second language is taken into account. This helps build theories about the link between how people pronounce words in their first language and how they pronounce words in their second language Further research and more generalized experiments are needed to support a universal conclusion.

An Analysis of the Development of Cross-border E-commerce in China Based on the Background of Economic Globalization -- A Case Study of Alibaba International Website

In the era of the digital economy, international trade develops rapidly, and cross-border e-commerce occupies an important position in global trade. To comply with the trend of economic globalization, China's cross-border e-commerce field needs to clarify its advantages and shortcomings, make timely adjustments and improvements, and achieve sustainable development. This paper analyzes the international economic background and the development status of cross-border e-commerce. Taking Alibaba International Site, a representative cross-border e-commerce platform, as a specific case, SWOT analysis is applied to analyze its development status, and it is found that the cultural differences, policy differences, and trade protection problems it faces reflect the existing deficiencies in China's cross-border e-commerce field. And put forward optimization suggestions for China's cross-border e-commerce enterprises. Still, the suggestions in this paper have certain limitations, for the specific situation of small and medium-sized cross-border e-commerce enterprises need to be considered in combination with the actual problem.

The causal effect of economic sanctions on political stability: A two‐stage difference‐in‐differences analysis

AbstractThis study employs the two‐stage difference‐in‐differences (2sDiD) estimator to investigate the causal effect of economic sanctions on political stability. It contributes to existing research by (1) re‐evaluating sanctions' impacts on political stability using newly introduced causal inference methods, and (2) distinguishing the effects of sanctions across various political regimes and economic globalisation levels. The article argues that economic sanctions create economic hardships for the target population, leading to public frustration toward their governments, which stimulates political mobilisation and thereby decreases the country's political stability. However, sanctions hurt democracies more than autocracies because autocratic regimes can suppress public dissent through repression and citizens face higher costs for opposition. Moreover, economic globalisation offers targets alternatives to sanctioned products and services, potentially weakening sanctions thus damaging political stability more in low‐globalised than in high‐globalised countries. Empirical findings from 9230 country‐year observations between 1949 and 2022 largely align with the theoretical predictions, showing that economic sanctions undermine the target's political stability, with these destabilising effects contingent upon its political regime and economic globalisation levels.

Exploration of the Reform and Development Ideas of Enterprise Marketing in the Environment of Economic Globalization

Exploration of the Reform and Development Ideas of Enterprise Marketing in the Environment of Economic Globalization

The impacts of different types of globalization on energy security risk: Can globalization be a remedy for the energy security risk of OECD countries?

This study analyzes the impact of globalization and its sub-dimensions on energy security risk for OECD countries. In our study, annual data of 26 OECD countries for the period 1980-2018 were used. Second generation panel data techniques were used as the methodology. The results of the analysis show that economic, political and aggregate globalization increases energy security risk, while social globalization is statistically insignificant. The Dumitrescu-Hurlin panel causality test results demonstrate that there is a unidirectional causality relationship between inflation and energy security risk, and a bidirectional causality relationship between economic globalization, social globalization, political globalization, aggregate globalization, GDP and Gross Fixed Capital Formation and energy security risk. The study also analyzed how the impact of globalization on energy security risk varies across countries. The results of the analysis reveals that there are significant differences in the direction, significance and coefficient size of the relationship across countries. These findings suggest that the effects of globalization on energy security risks vary across countries. Therefore, countries should develop policies to minimize energy security risks by taking into account their own dynamics.

Environmental regulations’ impact on clean energy consumption: Under the assistance of governance measures

The drastic change in climate augments the importance of clean energy consumption. Therefore, this paper examines how environmental regulations influence the utilization of clean energy under the moderation of governance measures. The 2-Steps System GMM is applied to 26 OECD countries’ data from 1996 to 2019 to analyze the relationship. Our analysis depicts that environmental regulations and GDP significantly enhance clean energy usage in OECD countries. Moreover, economic globalization insignificantly impacts clean energy consumption. On the contrary, financial development in OECD countries significantly leads to a decrease in the consumption of clean energy because renewable energy projects are long-term and more expensive than non-renewable energy generation projects. This paper further discovers that the majority of the governance measures significantly and positively moderate the connection of environmental regulations with clean energy consumption. Consequently, constructive governance measures facilitate the effective implementation of environmental regulations in OECD countries eventually increasing the consumption of clean energy instead of non-renewable energy. To reduce GHG emissions in the environment, the government should encourage the usage of clean energy in their respective countries. Therefore, policymakers promote the practice of clean energy consumption through stringent environmental regulations and effective governance measures.

Measuring How AI Innovations and Financial Accessibility Influence Environmental Sustainability in the G-7: The Role of Globalization with Panel ARDL and Quantile Regression Analysis

This study investigates the impact of AI innovation on environmental sustainability in the G-7 region from 2010 to 2022. Additionally, it tests the Load Capacity Curve (LCC) hypothesis in relation to financial accessibility, globalization, and urbanization. Cross-sectional dependence and slope homogeneity tests reveal the presence of cross-sectional dependence and heterogeneity issues. Panel unit root and panel cointegration tests confirm that the variables are free from unit root problems and are cointegrated in the long run. To identify significant factors influencing environmental sustainability, this study employs Panel ARDL and Quantile Regression methods. Both methods confirm the LCC hypothesis in the G-7 region, demonstrating a U-shaped relationship between income and the load capacity factor. The results indicate that AI innovation and financial accessibility are significantly positively correlated with the load capacity factor, while globalization and urbanization are negatively correlated, leading to lower environmental sustainability. To validate the robustness of the Panel ARDL and Quantile Regression results, Driscoll-Kraay standard errors, Augmented Mean Group, and Common Correlated Effects Mean Group estimation approaches are applied, all of which support the initial findings. Furthermore, the D-H causality test reveals unidirectional causality from economic growth, financial accessibility, globalization, and urbanization to the load capacity factor, and bidirectional causality between AI innovation and the load capacity factor.

A Study of Game Localization Translation under the Perspective of Skopos Theory--Taking the Game Red Dead Redemption 2 as an Example

As economic globalization continues to advance, the international market for video games is rapidly growing. For game companies aiming to expand their business globally, the localization of game translations is a crucial aspect. A well-executed localization can greatly boost a game’s international sales and appeal, attracting players from diverse regions. Thus, game localization is a vital strategy for companies seeking success on the global stage. Skopos theory, a key framework in translation studies, offers valuable insights for different types of translation work. This paper applies the principles of Skopos theory to examine the Chinese localization of various texts in the large-scale single-player game Red Dead Redemption 2. The analysis reveals that, under the guidance of Skopos theory, the localization enhances both the gaming experience and the sense of immersion for Chinese players. During the localization process, the translation, adaptation, or even rewriting of the original text is performed with the goal of aligning the final product with the cultural and linguistic preferences of local players.

Study on the Impact of Cultural Differences on Sino-US Business Negotiations under the Guidance of Cultural Dimensions Theory

The tide of economic globalization has led to an increase in the frequency of business negotiations between China and the United States, where cultural differences have emerged as a pivotal factor affecting the success or failure of negotiations. Hofstede's cultural dimensions theory provides an effective analytical framework for understanding and analyzing cultural differences. Guided by Hofstede’s cultural dimensions theory, this paper delves into the impact of cultural differences on the objectives, language, risk-taking, and decision-making in Sino-US business negotiations. The aim is to uncover the intrinsic mechanisms of cultural differences and their multidimensional effects on negotiations, thereby offering strategic recommendations to facilitate the successful Sino-US business negotiations.

Corporate Digital Transformation and the Internationalization of R&D

In the context of digital transformation and economic globalization, R&D (research and development) internationalization is essential for enterprises to utilize global resources and achieve technological innovation. This study examines Chinese A-share-listed industrial companies with active overseas R&D from 2010 to 2022 using a Poisson panel fixed-effects model to assess how digital transformation influences R&D internationalization. The findings confirm that digital transformation significantly enhances the depth and breadth of R&D internationalization, even when controlling for endogeneity. The analysis identifies financing constraints and information communication efficiency as key mediators in this process. Additionally, the impact varies by the type of digital technology and the geographical location of the enterprises. This research not only deepens understanding of the link between digital transformation and R&D internationalization but also aids policy formulation for governments and businesses.

Research on the Internationalization Strategy of Country Garden Holdings Company Limited

Abstract: For years, China's real estate industry has been in fierce competition. With the development of economic globalization, the domestic market is about to reach saturation gradually. Under these circumstances, Chinas real estate enterprises were obliged to go out to obtain more opportunities to improve their profits and ensure their position in the market. Country Garden Holdings Company Limited, as one of the leading enterprises in the real estate industry, started to invest and expand in overseas markets in 2011. With its forward-looking strategic planning, it has successfully launched projects in many countries and regions, which are worth studying. This paper analyzes the development status of international projects of Country Garden and its internationalization strategy, and explores the reasons for its successful investment, which can provide more information and guidance for Chinas real estate enterprises to invest overseas in the future.

Interpreter Intervention: Balancing Objectivity and Subjectivity in Business Negotiations

In the era of economic globalization, interactions and collaborations between China and the global economy have significantly intensified. This trend has led to increased foreign investment in China and a growing number of Chinese enterprises expanding their operations internationally. Successful business negotiations are crucial for these endeavors, yet they face challenges such as linguistic barriers, cultural differences, and divergent thought processes. In such high-stakes scenarios, an experienced interpreter serves as a vital communication link between Chinese and international parties. This paper aims to examine the role of dialogue interpretation in business negotiations and to investigate how interpreters can effectively leverage their subjective judgment alongside strategic translation techniques. By doing so, interpreters can facilitate smoother negotiations and contribute to mutually beneficial outcomes. The study will explore specific strategies that enable interpreters to bridge cultural and linguistic gaps, thereby promoting successful and harmonious negotiations.