English for Economic Topic Globalization and sustainable development

CAN THO UNIVERSITY COLLEGE OF ECONOMICS GLOBALIZATION and SUSTAINABLE DEVELOPMENT Teacher: Trần Thy Linh Giang Group Nguyễn Thị Kim Thoa Đặng Thị Huyền Trân Đặng Thanh Vân Trần Yến Linh Danh Thị Kim Thoa Võ Yến Nhi B1401784 B1401795 B1401799 B1403111 B1403255 B1507646 CONTENT Introduction • Globalization is a related phenomenon with an increase in the number and intensity of mechanisms, processes and activities that promote increased interdependence among nations in the world as well as the Economic and political integration at the global level • Sustainable development is a development aimed at satisfying the present needs of human without affects meeting demand of the needs of future generations Manifestation of the globalization • The rapid development of international trade relations • The development and impact of transnational companies • The merger and consolidation of companies into large corporations • The birth of international and regional economic and financial linkages: International Monetary Fund (IMF), World Bank (WB), World Trade Organization (WTO), European Union Europe (EU), the Association of Southeast Asian Nations ASEAN) What topics 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 Negative impacts • The economy is more vulnerable to the fluctuation of the world economic situation • The resulting mining pollution includes toxic contamination of the natural water supply for communities • 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 Solutions • 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 Laws • Secondly, I consider laws Nowadays, some multinational companies ignore them Pollution • Finally, we consider pollution Solution • 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 Migration • 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 Positive effects of globalization  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  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 Solutions  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