Lesson 6 - What you should learn?

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Lesson 6 - What you should learn?

  1. 1. Unit 4 Economic Globalization p.38,40-41 Lesson 6
  2. 2. What you should learn? (p.38) <ul><li>Economic globalization has brought about more unemployment ( 失業 ) problems </li></ul><ul><li>In order to maximise profits, multinational corporations try to reduce costs through international division of labour. </li></ul><ul><li>E.g. Nike keeps moving its factories in order to maintain its growth of profits. </li></ul><ul><li>Japan  Taiwan & Korea  mainland of China, Malaysia & other Southeast Asian countries </li></ul>
  3. 3. <ul><li>Since corporations have been trying to maximise profits, globalization have an adverse ( 不利的 ) effect on low-skilled workers or workers in the manufacturing industry. </li></ul>
  4. 4. <ul><li>Even for high-tech production stages, as long as place can offer higher cost effectiveness ( 成本效益 ), corporations will outsource ( 外判 ) the production procedure there. </li></ul><ul><li>E.g. Computer and TV games: </li></ul><ul><li>Invented ( 發明 / 創造 ) by American and European enterprises. </li></ul><ul><li>Research ( 研究 ) work takes place in India. </li></ul>
  5. 5. <ul><li>Due to globalization, the threat of unemployment becomes more serious. </li></ul><ul><li>And it affects different types of jobs, not just low-skilled ones. </li></ul>
  6. 6. What you should learn? (p.40 -41 )
  7. 7. Global Interdependence ( 互相依賴 ) <ul><li>Economic globalization brings about a lot of advantages. </li></ul><ul><li>1. I t provides a large market for products. </li></ul><ul><li>2. I t reduces the production costs to a great extent. </li></ul><ul><li>3. I t brings capital to developing countries. </li></ul><ul><li>Therefore, globalization is an essential factor which supports the continuous economic growth of different countries around the world. </li></ul><ul><li>However, countries have also become more interdependent because of economic globalization. </li></ul><ul><li>This has made the global economic system more vulnerable ( 易受打擊 ). </li></ul>
  8. 8. Increasing influence of external factors on economi e s <ul><li>Due to globalization, more and more countries rely on international trade for their economic development. </li></ul><ul><li>As a result, if the trading partners of these countries suffer from an economic downturn ( 經濟不景 ), they will be affected. </li></ul><ul><li>This problem is especially serious in countries which rely on exports ( 出口 ). </li></ul>
  9. 9. <ul><li>E.g. America  main importing country </li></ul><ul><li>When the purchasing power ( 購買力 ) of Americans becomes weaker, countries which rely on the American market will suffer seriously. </li></ul><ul><li>Between 2001 and 2002, the American economy was very weak and this affected the economies of many Southeast Asian countries ( 東南亞國家 ). </li></ul>
  10. 10. Unit 4 - Summary
  11. 11. Summary <ul><li>1. Due to economic globalization, the mobility ( 流動性 ) of capital, labour and goods has become relatively higher. </li></ul><ul><li>Multinational corporations operate their capital raising ( 資金籌集 ), production and marketing activities globally. </li></ul>
  12. 12. <ul><li>2. Globalized production is carried out by international division of labour. </li></ul><ul><li>It enables multinational corporations to reduce their production costs considerably. </li></ul>
  13. 13. <ul><li>3. Globalized production provides opportunities, such as employment and production technology, for developing countries. </li></ul><ul><li>At the same time, it may bring a lot of labour and social problems, such as exploitation of workers and environmental problems. </li></ul>
  14. 14. <ul><li>4. In a bid to fight for the contracts offered by multinational corporations, manufacturers would try their best to reduce production costs and production time. </li></ul><ul><li>They may neglect ( 忽視 ) the interests and the rights of the workers and even abuse ( 虐待 ) them. </li></ul>
  15. 15. <ul><li>6. Economic globalization has made countries become more interdependent. </li></ul><ul><li>The economy of a country is more easily affected by external factors. </li></ul><ul><li>The increased mobility of capital brought by globalized capital market ( 資金市場全球化 ) has also increased the risk of global financial crisis ( 國際金融危機 ). </li></ul>
  16. 16. Quiz 2
  17. 17. Correction s <ul><li>Write the correct sentence for 2 times at the back of the Quiz paper </li></ul><ul><li>Hand in the file after the Test (8th April) </li></ul>
  18. 18. Answers – Quiz 2 <ul><li>1. transportation </li></ul><ul><li>2. trade </li></ul><ul><li>3. labour </li></ul><ul><li>4. communication </li></ul><ul><li>5. barriers </li></ul><ul><li>6. capital </li></ul><ul><li>7. corporations </li></ul><ul><li>8. Internet </li></ul><ul><li>9. interactive </li></ul><ul><li>10. transmission </li></ul>
  19. 19. Reminders <ul><li>Revision Exercise (Open book) </li></ul><ul><li>Economic globalization </li></ul><ul><li>29/3 (Day 7) </li></ul><ul><li>Test </li></ul><ul><li>Unit 1, 2, 4 </li></ul><ul><li>8/4 (Day 7) </li></ul>

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