Test Revision

Lesson 9

Vocabulary Worksheet – Answer (Matching)

1. capital market G. 資本市場 2. capital raising D. 融資 / 資金籌集 3. labour market E. 勞工市場 4. production cost J. 生產成本 5. commodity market F. 商品市場 6. marketing A. 銷售 / 推廣 7. consumer L. 消費者 8. contract manufacturer B. 合約生產商 9. loophole N. 漏洞 10. exploit C. 剝削

Vocabulary Worksheet – Answer (Matching)

11. wage H. 薪金 12. violate Q. 違反 13. human rights O. 人權 14. sweatshop I. 血汗工廠 15. interdependent S. 互相依賴 16. economic downturn M. 經濟衰退 17. import K. 進口 18. export T. 出口 19. purchasing power P. 購買力 20. external factor R. 外來因素

RevisionUnit 1 – What is globalization?

What are the characteristics of globalization?

1. Contacts between regions are more frequent

2. Borders (邊界 ) between regions are less obvious (明顯 )

3. People, organizations and communities in different regions are more closely related and have greater influences on each other

Are there any consensus (共識 ) on the extent of globalization?

No, different people have different views.

E.g. some think that the Filipino domestic helpers are very globalized because these helpers work in different Asian countries;

Some think that the Filipino domestic helpers are not related to globalization because most of these helpers work in Asia only.

RevisionUnit 2 – What promotes globalization?

Factors driving globalization

1. Transportation

2. Communication technology

3. TV broadcasting

4. The Internet

1. Transportation

Shortens regional distance

Promotes international division of labour

2. Communication technology

Strengthens international communication

Promotes international trade and increase capital mobility (資金流動 )

3. TV broadcasting

Makes people’s tastes in certain products become identical (相同 ) disregard of their country of origin

Enhances our knowledge of the world and provides us with first-hand information

4. The Internet (Interactive medium 互動媒體 )

Greatly speeds up the transmission (傳送 ) of information

Links up people from different places and strengthens their interaction

RevisionUnit 4 – Economic globalization

Concepts

Multinational corporation (跨國企業 )

Manufacturer (製造商 ) /

Contract manufacturer (合約製造商 )

Retail shop (零售商店 )

Production base (生產基地 ) / production line (生產線 )/ factory (工廠 )

How do multinational corporations benefited from economic globalization?

The production costs can be dramatically reduced by setting up the production line in developing countries which have relatively low wages and rents.

Distributing production line across different countries can

reduce investment risk.

Three different aspects of economic globalization

1. Globalization of capital market (資本市場全球化 ) More and more private enterprises and governments have started to raise cap

ital overseas Restriction on capital flows have become more relaxed Investors have brought invaluable capital to developing countries

2. Globalization of labour market (勞工市場全球化 ) More and more multinational corporations have moved their production proced

ures to other production bases in overseas countries Increase job opportunities for workers in developing countries

3. Globalization of commodity market (商品市場全球化 ) A lot of enterprises are now selling their products to overseas markets instead

of just focusing on the local markets Consumers can purchase products from places around the world

What is a sweatshop?

People call some factories ‘sweatshops’ where workers are badly exploited (剝削 ).

Some manufacturers would take advantage of the loopholes (漏洞 ) in the labour policies (勞工條例 ) in developing countries.

They would try their best to reduce production costs by reducing wages and extending working hours.

Next lesson

Lesson observation

Continue with Task 1 (The globalization of McDonald’s) p.42-44