According to wikipedia, economic globalization is the increasing integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, service, technology and capital. Briefly speaking, the world's economy gets closer and closer. And it has become the trend of the world economic development.

As far as I'm concerned, economic globalization is a double-edged sword. On the one hand, if we capture the opportunity and meet the challenge with the rapid development of private economy, we can benefit a lot from it. For example, economic globalization makes countries gradually cut down trade barriers. So we could export or import goods more easily, which not only increases our living standards but also provides us with a new market. New market allows companies to develop new technology and produce new products. On the other hand, economic globalization can cause a lot of problems. First, in a short time, economic globalization makes the developed countries richer and developing countries poorer. And this broke the power balance between developing and developed countries. What's more, many big companies build factories in developing countries, doing harm to the environment and sustainable development of developing countries. In addition, globalization makes the world's economy more unstable because of its increasing integration.

In short, we need to hold an active attitude to economic globalization and make good use of it to develop.