商务英语阅读上册unit-3课件.ppt
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1、商务英语阅读上册unit 3Teaching Objectivesn了解全球经济一体化的趋势n了解经济一体化对国际贸易的影响n掌握区域经济一体化的概念Teaching Emphases nglobalization nglobal communityncross-border tradentendency of globalization nfree-market economic systemsContent nText nFast Reading InFast Reading II TEXT Globalization and its Impact on the BusinessPre-r
2、eading questions:1What does globalization mean in practice?2Does globalization intensify or relieve competition?UPPREV.NEXT Globalization is a process of interaction and integration among the people,companies,and governments of different nations,a process driven by international trade and investment
3、 and aided by information technology.This process has effects on the environment,on culture,on political systems,on economic development and prosperity,and on human physical well-being in societies around the world.Economic globalization is a product of the current world economic,scientific and tech
4、nological development.It has brought all the countries in the world development opportunities,severe challenges and risks,as well as a subject of how to establish a just and reasonable new international economic order.It is not new,though.For thousands of years,peopleand,later,corporationshave been
5、buying from and selling to each other in lands at great distances,such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.Likewise,for centuries,people and corporations have invested in enterprises in other countries.In fact,many of the features
6、 of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.The tendency of globalization in the past few decades have spurred increases in cross-border trade,investment,and migration so large that many observers believe the world has ente
7、red a qualitatively new phase in its economic development.Since 1950,for example,the volume of world trade has increased by 20 times,and from just 1997 to 1999 flows of foreign investment nearly doubled,from$468 billion to$827 billion.Distinguishing this current wave of globalization from earlier on
8、es,author Thomas Friedman has said that today globalization is“farther,faster,cheaper,and deeper.”Globalization is deeply controversial,however.Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living,while opponen
9、ts of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises,local cultures,and common people.Resistance to globalization has therefore taken shape both at a popular and at a g
10、overnmental level as people and governments try to manage the flow of capital,labor,goods,and ideas that constitute the current wave of globalization.This current wave of globalization has been driven by policies that have opened economies domestically and internationally.In the years since the Seco
11、nd World War,and especially during the past two decades,the whole world reached its geographic limit with the extension of capitalist market,and traditional trade patterns were disrupted.Many governments have adopted free-market economic systems,vastly increasing their own productive potential and c
12、reating many new opportunities for international trade and investment.Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods,services,and investment.Taking advantage of new opportunities in foreign markets,
13、corporations have built foreign factories and established production and marketing arrangements with foreign partners.A defining feature of globalization,therefore,is an international industrial and financial business structure.In the twentieth century,the move toward international cooperation among
14、 trading nations was manifested in the negotiation of the General Agreement on Tariffs and Trade(GATT).International trade had ground to a halt following World War I when nations followed the example set by the U.S.and then,other countries erected high tariff walls and international trade was stalle
15、d,along with most economics.GATT therefore,provided a forum for member countries to negotiate a reduction of tariffs and other barriers to trade,and the forum proved successful in reaching those objectives.With the ratification of the Uruguay Round Agreements,the GATT was replaced by the World Trade
16、 Organization(WTO)and its 117 members moved into a new era of free trade.There are five major kinds of drivers,all based on change,that are leading international firms to the globalization of their operations:political,technology,market,cost and competition.Political Factor.There is a trend toward t
17、he unification and socialization of the global community.Preferential trading arrangements,such as the North American Free Trade Agreement,Association of Southeast Asian Nations and the European Union,that group several nations into a single market have presented firms with significant marketing opp
18、ortunities.Many have moved swiftly to enter either through exporting or by producing in the area.Technology.Advances in computers and communications technology are permitting an increased flow of ideas and information across borders,enabling customer to learn about foreign goods.Cable TV systems in
19、Europe and Asian,for example,allow an advertiser to reach numerous countries simultaneously,thus creating a regional and sometimes global demand.Global communications networks enable manufacturing personnel to coordinate production and design functions worldwide so that plants in many parts of the w
20、orld may be working on the same product.The Internet and network computing enable small companies to compete globally because they make possible the rapid flow of information regardless of the physical location of the buyer and seller.The ease of obtaining information and making transactions on the
21、Internet has started to have a profound effect on many firms and especially on business-to-business commerce.Where businesses formerly used faxes,telephone,or mail to complete their transactions,they now use the cheaper and faster Internet.Market.As companies globalize,they also become global custom
22、ers.For years,advertising agencies established offices in foreign markets when their major clients entered those markets to avoid having a competitor steal the account.Finding the home market saturated also send companies into foreign markets,especially where the marketer realizes there is a converg
23、ence of customer tastes and lifestyles brought about by increasing tourist travel,satellite TV,and global branding.Cost.Economies of scale to reduce unit costs are always a management goal.One means of achieving them is to globalize product lines to reduce development,production,and inventory costs.
24、The company can also locate production in countries where the costs of the factors of production are lower.Competition.Competition continues to increase in intensity.New firms,many from newly industrialized and developing countries,have entered world markets in automobiles and electronics,for exampl
25、e.Another competitive driving force for globalization is the fact that companies are defending their home markets from competitors by entering the competitors home markets to distract them.The result of this rush to globalization has been an explosive growth in international business.As the changes
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