Unit 1
Globalization
 Language associated with globalization
 viewpoints on globalization
Meaning of Globalization

What do you think “globalization”
means?
Evidence (Phenomena)



Multinationals (MNC, TNC, global company)
and their products and impacts
International travel and communication
Worldwide free exchange of goods,
services, money, labour, technology, raw
materials and information



a situation where a producer may produce anywhere in
the world, sell wherever he wants, use resources of
any country and have his headquarters anywhere in
the world
free trade
free movement of essential factors of production
 integration
 interconnectedness
 interaction
 interdependence
North American Free
Trade Agreement
For and against globalization
 Listen
to others: pp.6-7
What’s the point?
For and against globalization
 Discussion: Present your points of
view on
Economic globalization:
good or bad?
Economic globalization: influences on
developing economies



Facilitate their access to more capital, esp. direct
investment from multinationals, which will
enable them to speed up their economic
development and restructuring;
Encourage them to acquire and exploit new
markets and develop foreign trade and economic
cooperation with countries by giving full play to
their advantages;
Enable them to acquire advanced technologies
and management as late starters and attain
technological progress by leaps and bounds.
Economic globalization: influences on
developing economies




Make them more vulnerable to the impact of
external turmoil (动荡) and financial crises
(Asian Financial Crisis of the late 1990s);
Make a grave impact on their national industry;
Sharpen the conflict between the ecoenvironment and sustainable development of
developing countries (labour-intensive industry);
Exacerbate the uneven development among
countries and regions and widen the gap
between the North and the South and between
the rich and the poor. (inequitable and irrational
international economic order)
Three Mainstays of the World Economy



Supra-national organizations define the
“rules” of international economic activities:
WTO
IMF (International Monetary Fund )
World Bank
What do they work for respectively?
Going global: vocabulary



multinational/MNC/TNC/global
company
corporate/business/global
expansion
key terms p.8
Going global: Group work


List five multinationals operating in
Guangdong Province and five
domestic companies operating in the
same product areas as them.
Compare their products, images,
influences and development trend.
Going global: Reading

p.7
Research (Homework)


US President Obama has imposed a
35 percent punitive tariff on all car
and light truck tyres imported from
China.
Questions (based on the principles of
globalization):
What are the reasons for Obama’s
tyre tariff?
How has China responded to the
decision?
Skills: telephoning

pp.10-11
Supplementary Reading
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BusinessWeek
www.businessweek.com
Time
www.time.com
Fortune
money.cnn.com/magazines/fortune/
Newsweek
www.newsweek.com
Harvard Business Review
The Economist www.economist.com
China Daily
www.chinadaily.com.cn