English for Economic Topic Globalization and sustainable development

• Globalization is a related phenomenon with an mechanisms, processes and activities that promote increased interdependence among nations in the world as well as the Economic • Sust

CAN THO UNIVERSITY COLLEGE OF ECONOMICS

CONTENT

• Globalization is a related phenomenon with an

mechanisms, processes and activities that

promote increased interdependence among

nations in the world as well as the Economic

• Sustainable development is a development

without affects meeting demand of the needs of future generations.

Manifestation of the globalization

• The rapid development of international trade

Fund (IMF), World Bank (WB), World Trade

Organization (WTO), European Union Europe

(EU), the Association of Southeast Asian Nations ASEAN)

What topics do you like?

Technology

Transfer

Labour Markets

Raw Material

Environmental

Concerns

Raw Materials

The raw materials are the basic materials from which

goods and products are made Usually, raw materials are natural resources

Positive impacts

• Economic growth

• The quality of life has improved

• Creating more jobs and improving infrastructure

• The poverty rate is high, the environment is polluted and

the infrastructure is destroyed Ex: africa, a country have

many gold mine.

• The lack of transparency and accountability in industry governance has resulted in the low economic efficiency of the sector, serious social and environmental impacts, and unequal benefit sharing.

• The exploration activities have to boost to define potential reserves of minerals so that the Government could have proper planning for each type of mineral

• It’s necessary to have a legally binding

framework for companies to force them to

be transparent about their supply chain

Technology tranfer

Information technology:

telephone, fax and internet

 Reduce production costs,

improve business efficiency,

facilitate exchanges between

countries quickly

Example: nowadays, there are many

active websites like Amazon,

Ebay, Alibaba, These are

online selling websites and can be

sold anywhere in the world

Technology tranfer

Creates new materials with

better materials, lower costs as a

substitute for traditional

materials

Example:

• Special plastics, composite

materials, fiber optics,…

replacement of conventional

materials

• Energies like wind energy, solar

energy is used instead of oil

Technology development with the introduction of

robots, that have high productivity  Increasing

production efficiency

Negative impacts

• The risk of economic lag in developing countries,

widening the development gap between nations, increasing social injustice

• The birth of the robot leads to

the risk of unemployment for

workers

Environmental Concerns

• Firstly, I want to remind us of resources such as oil, copper and coal These are limited While exploiting is unlimited

Moreover, substitute can not found

• Over-using them lead to the rapid

exhaustion of the natural resources

Resoures

• Secondly, I consider laws Nowadays, some multinational companies ignore them

• Finally, we consider pollution

• It has made so many changes in our lives that reversing it is not possible at all

Labour market

Labour Markets

Definition

• A labour market is the place where workers and employees interact with each other In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job

• Two main groups of workers involved in the labour

migration process: (i) highly skilled workers and (ii)

unskilled workers.

• Workers with high qualifications move from

developed countries to less developed countries.

• By contrast, unskilled workers move from less

developed countries to the more developed

countries.

• Workers going overseas to work for economic

reasons (labour exchange)

Positive impacts

• Workers have more choices in their work

• The export of labor to countries such as Japan, Korea, Taiwan,

• Contribute to improving and enhancing the life of the society

Labor export to the market has become an important driving force for the development of the employment system, enhancing the quality of human resources

Negative impacts

• The labour movement according to market rules is often not match the socio- economic development plan

• Too much labor has a university degree in urban centers, while this kind of labor is very lacking in difficult economic areas

Solutions

• Human resources training for the development

of high technology fields

• Training human resources for economic

restructuring and labor reform in rural areas

• Human resources training for labor export

• Improving policies to promote human resource development

• Improving labor policy

• Policy to solve social problems of labor

Conclusion

 Promoting the rapid development

and socialization of productive

forces, resulting in high growth

 Contributing to the transformation

of economic structure requires

extensive reforms

 Increasing investment capital in all

fields

 Raising the level of technology

Positive effects of globalization

Positive effects of globalization

 Changing the economic structure in a positive direction

 Expanding foreign economic relations,

attracting foreign investment

 Learning advanced management experience

Negative impacts of globalization

 Economic growth is not sustainable due to export

dependency

 Competitiveness of the weak economy

 Increasing social injustice , rich – poor gap.

 Social evils and crime tend to increase.

 Environmental deterioration, environmental pollution.

 Unemployment and underemployment.

 Making human life less safe, creating the risk of losing the national identity and independence of the nation.

Healthy integration step by step

Know advantage of the advantages, reduce risk

Both cooperative, struggling, in every field

Improving science and technology

Stable national identity