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Globalization\'s Dual Power. Globalization is a double-edged sword. It is much like fire. Fire itself is neither good nor bad. Used properly, it can cook food, heat our homes. Used carelessly, fire can destroy lives, towns and forests in an instant. . New products New services

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globalization s dual power
Globalization\'s Dual Power
  • Globalization is a double-edged sword. It is much like fire. Fire itself is neither good nor bad. Used properly, it can cook food, heat our homes. Used carelessly, fire can destroy lives, towns and forests in an instant.
slide2
New products

New services

New investment and markets

New technologies and management skills

Higher living standards

More debt

More instability

A greater gap between rich and poor

Worse environmental degradation

Loss of identity

globalization a trendy word for an old process
the trade around the Mediterranean , trade across the Atlantic after the discovery of America,

In the 1980s and 90s, especially after the Cold War, with the help of GATT (today the WTO), the World Bank , and with easy transportation and communication facilitated by technological advances global economic integration

Globalization: a trendy word for an old process
current economic globalization
New products and services, new investment and markets, new technologies and management skills, higher living standards

More debt, instability, far worse environmental degradation, loss of national and cultural identity

Do the merits of current globalization outweigh its demerits?

Current Economic Globalization
slide5
A powerful vehicle

A trendy word

Capital flows

Bond financing

Equity investment

Cross-border mergers and acquisitions

Current-account deficit

(favorable) Balance of payments

Crony capitalism

Component manufacturing

A scary prospect

A plausible presumption

Genetically modified food

To lack a common agenda

To erode the local culture

Seek membership

Maximize their presence

Spread technology

slide6
双刃剑

国家主权

可怕的难题

贸易协商

经济一体化

日益下降的成本

海底电缆

一个经济实体

多边机构

随之而来的金融危机

扣除涨价因素

全球资金突然大量流入(出)

国际金融研究所

全面经济下滑

不平衡的贸易

繁荣-衰退周期

管理技能

产品设计

无法预计的后果

高成本工业

经济合作与发展组织

double edged sword
Something that is both positive and negative

Eg: She paid me a double-edged compliment, saying that my work was excellent for a beginner.

Double-edged sword
largely
Largely
  • He left his job largely because he was homesick.
  • There divorce is largely a matter of conjecture.
slide11
Globalization, integration, maximization

liberalization, Americanization

Americanization means taking new immigrants and turning them into Americans...whether they want to give up their traditional ways or not. .

------tion
antidote
antidote
  • Humor can be an effective antidote to hostility.
cross
Cross-
  • Cross-border
  • Cross-culture
  • crossroad
  • crossword
be prone to sth
Be liable to sth, be likely or inclined to do sth.

Eg. Children of poor health are very prone to colds in winter.

Be prone to sth
only if if only
Used to say sth will not happen if sth else does not happen

Eg: They will be back to the negotiating table only if their conditions are fulfilled.

If only a few countries do, their actions will not matter much.

Only if/ if only
surge 28
A sudden and great increase, or a sudden and great movement forward.

There has been a surge in stock prices recently.

Surge 28
discriminate against sb 32
To act on the basis of prejudice against sb.

She felt she had been discriminated against because of her age.

ageism

Discriminate against sb 32
slide26
Commence

Freckled

Glimmer

Imminence

Shrewd

Triangular

Sore

mating

slide27
Subjugate

Streak

Yawn

Throb

Spade

Revel

Primeval

overpower

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