BRITISH ECONOMIC SYSTEM BRITISH economy By Tra My – Thanh Thuy B – Vu Doan Phuong Thao What does GDP mean? What is the 2013 GDP of Vietnam? A 125 8 billion USD B 100 8 billion USD C 171 4 billion USD D 165 8 billion USD World rank 57 Lead in Worldbank org Worldbank org Gross domestic products LEAD IN GDP real growth rate 5 2% 5 4% 6 2% 6 4% Year 2010 2011 2012 2013 Lead in vietnam gdp real growth 2010 6 4% 2011 6 2% 2012 5 2% 2013 5 4% What is the rank of the UK in terms of GDP? 6th.
BRITISH economy By: Tra My – Thanh Thuy B – Vu Doan Phuong Thao Lead-in Gross domestic products What does GDP mean? What is the 2013 GDP of Vietnam? A 125.8 billion USD B 100.8 billion USD Worldbank.org C 171.4 billion USD D 165.8 billion USD World rank: 57 Worldbank.org LEAD-IN GDP real growth rate Year 5.2% 2010 5.4% 2011 6.2% 2012 6.4% 2013 Lead-in: vietnam gdp real growth 2010: 6.4% 2011: 6.2% 2012: 5.2% 2013: 5.4% What is the rank of the UK in terms of GDP? 6th Which of the following numbers represents the UK’s approximate 2013 GDP? A 2,461.77 billion of USD B 32,137 billion of USD C 232,137 billion of USD D 2,232,137 billion of USD Source: Worldbank.org Lead-in Rank the following countries, which are those with highest GDP, as listed by the Worldbank in 2013 Russia France Japan The U.K Brazil China Germany India The U.S Rank Country GDP (2013) United States 16,800,000 mil dollars China Japan 9,240,270 4,901,530 3,634,823 2,734,949 2,521,381 Russia Federation Italy 10 India Germany France United Kingdom Brazil 2,245,673 2,096,777 2,071,307 1,876,797 Source: Worldbank.org A Overview of economy B Working life World Economic Overview Europe #6 Population: 63,612,729 GDP growth: 0% Life expectancy: 82 years Agriculture: 1% Main industries today: Industry: 26% Services: 73% (2008 est.) Banking and finance Steel Oil and gas Transport equipment Tourism 10 Exports Exports: $442.2 billion (2007) Largest export earner: Chemical Export Partners (2007) US 15% Germany 11% France 10% Ireland 7% Netherlands 6% Belgium 6% Spain 5% 16 Imports Imports: $621.4 billion (2007) Import Partners (2007) Germany 14.2% US 8.6% China 7.3% Netherlands 7.3% France 6.9% Belgium 4.7% Norway 4.7% 17 THE STRUCTURE OF TRADE & INDUSTRY Economic system: private + public History: 1945-1980: state controlled 1979- 1990 1980s: Conservative government gave more freedom to businessmen Privatize companies (share holders) 1994: most had been privatised 18 A Overview of economy B Working life 19 ATTITUDE TO WORK Lack of enthusiasm for work + Leisure = a sign of aristocracy + Non-manual job = sign of middle-class + Working day: starts late (8 a.m for manual jobs and a.m for non-manual ones) Industrious High earnings are more important than job satisfaction Now, weaker connection between 20 middle class and non-manual work SHOPPING AS A WAY OF SPENDING MONEY Not adventurous shoppers (like reliability + brandname goods) Late 20th cent.: supermarkets moved out of town High streets (area in town where shops concentrate) still survive Shop opening hours: 9a.m (On Sundays, large 21 shops + supermarkets: hours) Harrod’s, the most famous department store in England that all visitors want to visit Here you can find anything, from the cheapest to the most expensive things 22 Tesco (Southport), one supermarket of the British largest supermarket chain 23 http://www.woodlandsjunior.kent.sch.uk/customs/questions/shops.htm Not only are we, in the words of Napoleon, 'a nation of shopkeepers', we are also a country of compulsive shoppers We love to shop! It is our number one leisure activity and accounts for around 37% of all money spent in England 24 25 National Minimum Wages per hour (1GBP = 35,000 VND appr.) Year 21 and over 18 to 20 Under Appre 18 ntice 2013 2012 6.31 GBP 6.19 5.03 GBP 4.98 3.72 GBP 3.68 2.68 GBP 2.65 2011 6.08 4.98 3.68 2.60 26 UK Employment Law Legal working age: 13 Under-15s: Holidays hrs/ Sat Max 25hrs/ week Schooldays 2hrs/ Sun 5hrs/weekda y 2hrs/ schoolday Over-15s: 8hrs/ Sat 8hrs/ weekday Max 35hrs/ week 27 Jobs for teenagers Delivering newspaper Babysitting Helping the milkman on his round Other jobs: Working in a shop Working in a hairdresser’s Office work Washing cars Working in a café or restaurant Domestic work in hotels 28 Jobs for teenagers Work permit required Wage: up to £3.00/ hr = 105.000VND Under-18s: no law protection regarding wage rates 29 Suggestions for further studies Pound Sterling and its role in British economy Migrant workforce in Britain British government’s efforts in controlling inflation rate and lessons for Vietnam British economic great depression 30 ... Pound Sterling and its role in British economy Migrant workforce in Britain British government’s efforts in controlling inflation rate and lessons for Vietnam British economic great depression... businessmen Privatize companies (share holders) 1994: most had been privatised 18 A Overview of economy B Working life 19 ATTITUDE TO WORK Lack of enthusiasm for work + Leisure = a sign of... anything, from the cheapest to the most expensive things 22 Tesco (Southport), one supermarket of the British largest supermarket chain 23 http://www.woodlandsjunior.kent.sch.uk/customs/questions/shops.htm