1. ELL3044 Practical Business English 실용 비즈니스 영어
Globalization

2. Warmup Questions 1. What does globalization mean?
2. What global companies can you think of?
Do global companies do more harm than good?
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 and aided by information technology.

3. Vocabulary 1. to outsource b. a large, family-run corporation
2. shipping
3. to exploit
4. welfare benefits
5. a remittance
6. developing world
7. 재벌
8. a tariff
a. the countries with the least developed economies
b. a large, family-run corporation
c. to use someone/thing to your advantage
d. moving products from one place to another
e. to obtain materials from outside sources, usually foreign sources
f. benefits given to workers such as health care and unemployment insurance
g. a duty/tax imposed on foreign goods shipped into the country
h. sending money to your home country from a foreign country where you work

4. Globalization Benefits Drawbacks faster and cheaper shipping
more selection/larger market
competition can make prices lower
if you can get goods from other countries you don’t have to produce your own
people no longer living in extreme poverty
MNC (multi-national corporations) exploit poorer workers who have fewer welfare benefits
can take advantage of less strict environmental regulations
Western culture (Coca-Cola culture) can have a negative effect on smaller cultures
competition with less developed economies causes developed country manufacturing to suffer
fewer languages spoken around the world

5. Listening: benefits and drawbacks

6. Effects of Globalization
shipping by sea (sea freight) is 65% lower than 1930
(new ships and lower transportation fees)
to undeveloped countries has helped 600,000,000 people get out of extreme poverty (less than $1.25/day - UN) in the last 30 years
shipping by air (air freight) is 88% lower than 1930
the freight cost of coffee shipped from Asia to Europe is only 1% of its price
safer and faster to travel globally
remittances help drive developing economies
21% of Canada’s population was born in a foreign country
40,000,000 commercial flights – 10 fatal accidents (2016)
100,000,000,000 business s / day

7. Henry Ford’s Ford Model T - 1907

8. Assembly Line

9. Where does your money go when you buy a smartphone?
Japan – 34%
Germany – 17%
South Korea – 13%
the US – 6%
China – 3.6%
Other - 27%

10. Global Culture
global culture is turning into American culture (Coca Cola culture)
fewer languages than ever before

11. Globalization and the Environment
more companies move to countries with less strict environmental regulations
globalization has made the average person richer; richer people tend to use more resources (water, fossil fuels) but especially energy
the planet cannot sustain 7 billion “rich” people; however the global community has moved onto more sustainable resources
richer countries tend to have fewer children

12. Shanghai 1990 vs 2010

13. Detroit 1945 vs 2012

14. What about Korea?

17. Foreign spouses

18. Koreans abroad

19. Kpop

20. Work abroad???