What do you know about Globalization? Consider what you learned from the lecture

What do you know about Globalization?
Consider what you learned from the lecture and readings this week and discuss how economic interdependence has affected Saudi Arabia. Is it good or bad? Expand your thinking to additionally discuss the relationship between Saudi Vision 2030 and international competitiveness.
Directions:
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 500 word limit.
Reply to at least two discussion posts with comments that further and advance the discussion topic
Globalization is defined as an increase in the flows among countries of goods, services, money (in its various forms), and people. Globalization allows all national economies to specialize and focus on what it does best to benefit all. This module explores globalization by examining the principle of comparative advantage, which underlies classical trade theory and is the fundamental justification for free trade and globalization. Trade theory based on comparative advantage also seeks to explain why trade occurs and what advantages accrue.Learning OutcomesAppraise the effects of globalization on international trade and its effect on the nations’ risk and competitive advantage.
Compare and contrast the economic opportunities and risks associated with globalization.
Readings Required: Chapter 1 in International Economics Saudi Arabia Oil & Gas Report. (Q1 2021). Fitch Solutions Country Industry Reports , 1-84.Saudi Vision 2030 Document. (2017). Retrieved from https://vision2030.gov.sa/sites/default/files/report/Saudi_Vision2030_EN_2017.pdfRecommended: Chapter 1 PowerPoint slides – International Economics Altman, S.A. & Bastian, P. (2021). The state of globalization in 2021. Harvard Business Review Digital Articles, 1-9. https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=149521506&site=ehost-liveYu, Z. (2020 ). Globalization, industrialization and economic catch-up. China Economist, 15(6), 27-38. https://www.pressreader.com/china/china-economist/20201108/281565178309781