Think about how you start your day! After you awoke, you may have looked at y

our 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.

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.

What do you and the Japanese students have in common?

You are all consuming products made by foreign-owned companies.

This is international business

Lesson 4

The Global

Economy

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

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

Work Work TogetherTogether

How Does Trade Affect the Global Economy?

What’s the meaning of IMPORT and EXPORT?

Specialize

To work on what one does the best We specialize in Development project

s as well as four and five star resorts and luxury hotels.

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

What are negative effects of international trade? (P.52)

Factories close and workers lose jobs Farmers lose their way of life

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.

Developingcountry

Developedcountry

What Do Developed Countries Have in

Common?

The largest part of most developed economies is service industries （服务业）

news media education banking tourism insurance ……

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

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

Comparing Developed and Developing Nations

What Are the Economic Trends in the World?

Multinational corporation 跨国公司

multimedia 多媒体 multilateral trade 多变贸易

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

free trade 自由贸易

without taxes or other limits North American Free Trade Agreemen

t (NAFTA) 北美自由贸易协定

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 (IM

F) 国际货币基金组织