Question: “Economic globalization brings more good than harm to the quality of life of Hong Kong residents. » 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 Should Not Be Banned”? Get the original essay Economic globalization refers to the integration and interactions among people and nations across the world through economic activities that reduce national boundaries and enable interdependence between countries, and the quality of life includes economic and social aspects. To a large extent, I share this point of view. First, the increasing amount of foreign investment and business operations of international companies creates more employment opportunities, thereby improving the economic quality of life of Hong Kong people. 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 set up operations. Through this, jobs are created and people will be able to earn income, thus increasing their purchasing power. Because they can now afford more and different daily products, they are more financially secure and their economic quality of life is improved. Similarly, under globalization, advanced technologies and skills are imported in order to improve productivity and government revenues, thereby improving the social quality of people. life. Thus, more public funds will be devoted to improving public infrastructure, environmental quality and social well-being, not only by improving the educational opportunities of citizens, but also by improving their living environment. This is due to increased foreign investment, which will increase local tax revenues and therefore allow the government to spend more money on social protection and social assistance, which will then improve people's well-being and their quality of social life. In addition, globalization facilitates and promotes trade, which can also improve people's economic quality of life. Since economic globalization involves a global division of labor in which some workers are outsourced and employed in developing countries, overall production costs will be cheaper, so the price of final products will also be lower. Along with the flow of production resources and good increases, exports will also increase, allowing Hong Kong people 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 also allowing them to spend less and save more. In the long run, they will benefit because it means they will have more money to spend on more products, thereby improving their economic quality of life. However, I disagree with this view to some extent due to how global economic downturns can directly affect Hong Kong's economy and people's livelihoods. According to source A, the trend 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 downturns can lead to unemployment and even bankruptcy, both of which will significantly reduce people's purchasing power as their incomes decline,.