معلومات مقرر دراسي

ECONOMICS GLOBALIZATION

There are some who question whether globalisation is really something new. After all, they argue, if you look at what was happening in the 18th and 19th centuries, or even earlier, doesn’t it seem very similar? Companies in Europe and North America, supported by their governments, were opening up the rest of the world, searching for cheap raw materials. They transported these back to their own factories and produced manufactured goods, then sold them at a huge profit. The world became linked by trade and business. In a sense, this view is correct, but what it underestimates is the scale and speed of the changes that have taken place in the last thirty years or so. And the key role in these changes is that of computer technology, because it underlies all of them. Thanks to developments in digital technology, for example, it is now possible to move vast amounts of money around the world in seconds. Currency trading now goes on almost 24 hours a day, and it has been estimated that the amount of money traded has gone up by several thousand per cent in the last forty years. Decisions taken in a stock market* in one country can have a disastrous effect on countries on the other side of the world, and entire national economies can be destroyed almost overnight. What we are seeing today clearly is something different and new. It affects us all, and it relates not just to areas like trade, business and economics, but also to culture, entertainment, what we eat, how we communicate with each other and even how we see ourselves, our relationships and our lives.

Key concepts of economic globalization: 

Interdependence- National Sovereignty- Equity Distribution- sustainable development -Trade Agreements- Multilateral Agreement – foreign Investment- privatization- free market- mixed economy-  conglomerates- open economy- Transnational Corporations and conglomerates - increase in Export and import – cross continental negotiations- new monetary policies- new wages, working and living standards -  World Trade Organization- competiveness in jobs and markets- neo-liberal ideology-north and south- World Bank- International Monetary Fund IMF- Global Taxesto fund the UN (united nation)- Dollarization - imperialism - the one present-  multinational companies - capitalism-international financial system - per capita income increase- marketization and communication- global production – industrial revolution… 

A)  Read the text and answer the questions:

 

1.     What makes recent changes different from what has happened before?

…………………………………………………………………………………………………

2.     What is the key role in all the changes mentioned in the passage? Why?

…………………………………………………………………………………………………

3.     Why is globalization important for everyone?

…………………………………………………………………………………………………

B) Decide whether the following sentences are true or false:

1. Companies in Europe and North America were opening up the rest of the world without anyhelp. ( )

2. Despite what some people argue, there are important differences between recent

Developments and what happened in the past. ( )

3. Entire national economies can be destroyed by decisions taken in the stock market. ( )

C) Choose the correct answer:

1. ‘The world became linked by trade and business.

The underlined word is( a. a past verb / b. an adjective )

2. The key role is that of computer technology.

If something is described as a key part , it is( a. important / b. the most important)

3. "but what it underestimates is the scale and speed of the changes" the prefix in the

underlined word means a. gives too little importance to   b. at the level below

A) What do the underlined words refer to?

1. These (line 5)……………… 2. It (line 9)…………………

B) Complete the following sentences with a word from the passage:

1. I need to get some foreign ………………………..before my long business trip.

2. He always …………………………how long it takes to finish the work.

3. My grandfather lived in the same village for his……………………life.

 

-         Complete the table:

A positive aspect of globalisation	A negative aspect of globalisation
-	-

-         Listen and discus what is the audio discussing

 

LISTENING

Listen and fill the gaps

What does globalization mean? We _______________________ word on TV and read about it in newspapers. It means the _______________________ village – the global village. The world has become smaller. Of course, _______________________ not shrink and it isn’t a village. Because of better transport, the Internet _______________________ between countries, it _______________________ business. Japanese car makers have factories in Thailand; American computer companies employ thousands of people in China. That’s globalization. And don’t forget _______________________ call centre jobs in India that workers in America and Europe _______________________. Globalization also means _______________________ work in another country. Is globalization a good _______________________? That’s a difficult _______________________.