Question: “Economic globalization brings more benefits than harm to the quality of life of people in Hong Kong.” Do you agree with this point of view? Explain your answer. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Economic globalization refers to the integration and interactions between people and nations around the world through economic activities that reduce national boundaries and enable interdependence between countries, and quality of life encompasses economic and social aspects. To a large extent I agree with this point of view. First, the increasing amount of foreign investment and business operations by international companies creates more job opportunities, thereby improving the quality of economic life for people in Hong Kong. According to Source B, international brands such as General Electric Company “see Hong Kong as a base to reach markets in mainland China and other Asian regions,” thus choosing to establish operations. This will create jobs and people will be able to earn an income, in turn increasing their purchasing power. Because they can now afford more diverse everyday goods, they are more financially secure and their economic quality of life has improved. Similarly, in the context of globalization, advanced technologies and skills are imported to increase productivity and public revenue, thereby improving the social quality of people. life. Thus, there will be more public funds for improving public infrastructure, environmental quality and social well-being, not only increasing people's educational opportunities, but also improving their living environment. This is due to the increase in foreign investment, which will increase local tax revenues and therefore allow the government to spend more money on social benefits and social security assistance, which will therefore improve people's well-being and their social quality of life. Furthermore, globalization facilitates and promotes trade, which can also improve the quality of people's economic lives. Since economic globalization involves a global division of labor where some workers are outsourced and employed by developing countries, overall production costs will be cheaper, so the final products will also have a lower price. Along with the flow of productive resources and good increases, exports will also increase, consequently allowing Hong Kongers to enjoy a greater variety of different products and services at relatively affordable prices, not only expanding their number of choices and improving their standard of living, but allowing them to spend less and also save more. In the long run, they will benefit as it means they will have more money to spend on more products, thus improving their financial quality of life. However, I disagree with this view to a small extent due to how global economic downturns can directly affect Hong Kong's economy and people's livelihood. According to Source A, the performance of Hong Kong's economy is like a roller coaster due to its ups and downs due to the three mentioned global financial crises. Such recessions can lead to unemployment and even bankruptcy, both of which will largely reduce people's purchasing power as their income will be reduced to a very small amount or perhaps even nothing. Because they can no longer afford daily needs, goods or services, they are no longer able to support themselves.,.