The document discusses how people start their day consuming products from various multinational companies without realizing it. It notes that a group of Japanese students may be consuming brands like Anta, Angel Garden, and Lenovo. It concludes that both the reader and the Japanese students have in common that they are all consuming products made by foreign-owned companies, demonstrating international business.

1.  Think about how you start your day!
 After you awoke, you may have looked at
your CASIO watch for the time and turned
your SONY TV for the news. After washing
your hair with PANTENE, brushed your
teeth with COLGATE toothpaste and drove
off to class in your HONDA with its
BRIDGESTONE tyres and a tank of INPEX
gasoline.

2.  Meanwhile on the other side of the
world a group of Japanese students
dressed in ANTA shirts, ANGEL
GARDEN jeans and LINING shoes
may be turning off their LENOVO in
their computer labs and debating
whether they should stop for hotpots
at LITTLESHEEP or drinks at
HAPPYMELON.

3.  What do you and the Japanese
students have in common?
 You are all consuming products made
by foreign-owned companies.
 This is international business

4. Lesson 4
The Global Economy

5. Key Words
import 进口
export 出口
economy 经济
service industry 服务业
globalization 全球化
multinational 多国的
free trade 自由贸易
investment 投资
WTO 世贸组织

6. Extension Words
Specialize 专业化
shelter 庇护所
Foreign aid 对外援助
IMF 国际货币基金组织

7. WorkWork
TogetherTogether
How Does Trade Affect the
Global Economy?

8.  What’s the meaning of IMPORT and
EXPORT?

9. Specialize
 To work on what one does the best
 We specialize in Development
projects as well as four and five star
resorts and luxury hotels.

11. Top Five Wheat Producers —
2007 (million metric ton)
 China 109
 India 76
 United States 56
 Russia 49
 France 33

12.  What are negative effects of
international trade? (P.52)
 Factories close and workers lose jobs
 Farmers lose their way of life

13.  The global economy is causing a growing
gap between rich and poor countries.
Economy is a system of building, using, and
distributing wealth and resources. Most
developing countries depend on the
developed nations for trade, investment,
money, and food. Sometimes people move
from poorer countries to richer ones in
search of a better life for themselves and
their children.

14. Developing
country
Developed
country

15. What Do Developed
Countries Have in
Common?

16.  The largest part of most developed
economies is service industries （服务
业）
 news media
 education
 banking
 tourism
 insurance
 ……

17. What Do Developing
Countries Have in
Common? Developing countries are usually a bit
poorer than developed countries.
 People in developing countries live as long
as people in developed countries.
 Many people in developing countries cannot
read or write.
 It’s tough for people in developing
countries to find jobs.
 People in cities often have water,
electricity, and bathrooms. (developing
countries)
T
T
F
F
F

18.  m i n o c a m u i t n c o
 s i t t a r t n p o n a r o
Communication
Transportation

19. Comparing Developed and Developin

20. What Are the Economic
Trends in the World?

21. Multinational corporation
跨国公司
 multimedia 多媒体
 multilateral trade 多变贸易

22. World Trade Organization (WTO)
 It oversees （监督） the
international market place
 It was formed in 1995
 headquarter （总部） : Geneva, Swiss
瑞士日内瓦
 China joined WTO in 2001

23. free trade 自由贸易
 without taxes or other limits
 North American Free Trade
Agreement (NAFTA) 北美自由贸易协
定

24. Who Helps Poorer Nations?
 foreign aid 外援
Why do you think developed countries
give foreign aid to developing
countries?
the World Bank
 the International Monetary Fund
(IMF) 国际货币基金组织