Commentary In the past year, various potential risks of economic globalization have gradually surfaced. A series of events raised the alarm, including the COVID-19 pandemic, the U.S.-China cold war, the global chip shortage crisis, skyrocketing shipping costs caused by a global shortage of containers, and the unexpected blockage of the Suez Canal. Economic globalization has always been viewed as an inevitable trend. However, few multinational companies and economic experts have thought carefully about the prerequisite to the various benefits of economic globalization—world peace. When something as serious as the U.S.-China cold war occurs, which impacts half of the world, huge problems stemming from globalization will soon arise. In addition, the benefits of economic globalization can only be realized as long as no major incidents occur on a global scale; otherwise, economic globalization will plunge into chaos. This is an important issue that many multinational companies and economic experts ignored. From the …
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