globalization’s dual power

Globalization’s Dual PowerRobert J. Samuelson

R einforcement

T ext Analysis

B ackground

W arming up

Globalization’s Dual Power

Unit 9

Questions/Activities

Check-on Preview

Objectives

Warming up


Unit 9

Warming up Questions/Activities

1. What signs of globalization do you find around you?

2. How do you evaluate the impact of globalization on your life?

Fill in the blanks with tariff, tax, duty.

1. The government may impose ________ on imports.2. Do I have to pay the ________ on cigarettes?

3. The Budget Committee is planning for a reduction on the

corporate income ________.

tariffs duty

tax

Check-on PreviewWarming up

Fill in the blanks with credit, loan, bond.

1. It is said that 56 percent of new cars were bought on ________ in the US.

2. She’s trying to get a $50,000 ________ from the World Bank to start her own business.

3. Whenever government ________ were issued in China, there would always be long queues outside the doors of the banks.

4. Several stores are offering interest-free _______.

credit

credit

loan

bonds


Fill in the blanks with merger, acquisition, takeover.

1. The bank declared that 1, 750 workers would be fired as a

result of the _______ .

2. IBM will look at __________ including small service

companies that complement its offerings.

3. He prevented a hostile ________ of the Harbin Beer Co. Ltd.

merger

acquisitions

takeover


Objectives

1. Understand important aspects of globalization.

2. Evaluate different arguments of globalization.

3. Familiarize yourselves with economic terms and jargons.

4. Try to translate journalistic English.

5. Appreciate argumentative writing.

Warming up

Background

Genre

Author


Unit 9

A 1967 graduate of Harvard University with a B. A. in government.

A biweekly columns writer for The Washington Post, The Los Angeles Times, The Boston Globe…

One of the most recognized writers for his biweekly columns analyzing and reporting socioeconomic issues.

His

Life

Background Author

Robert J. Samuelson (1945-)

The Good Life and Its Discontents: The American Dream in the Age of Entitlement (1995)

Untruth (2001)

His

Wor

ks

The Great Inflation and Its Aftermath (2008)

Background Author

The 1981 National Magazine Award.The National Headliner Award in 1987 for Best Special Interest Column.The National Headliner Awards for Feature Column on a Single Subject in both 1992 and 1993.The 1983, 1986 and 1993 Gerald Loeb Awards for Best Commentary.The 1993 John Hancock Award for Best Business and Financial Columnist.H

is A

chie

vem

ents

Background Author

Background Genre

Argumentative Writing

1. Clear-cut structure

topic sentence, transition signals…

2. Convincing arguments

statistics, quotations, examples, definitions…

3. Long and balanced sentences

parallelism, sentence patterns…

4. Economic terms and jargons

bond, merger, balance of payments…

DetailedAnalysis

Structure

Theme

Text Analysis


Unit 9

Globalization is a double-edged sword; it poses a daunting question for mankind in the 21st century.

Text Analysis Theme

A THESIS is an argumentative opinion about the narrowly defined subject matter, it is the single most important sentence or series of sentences in the entire argument.

Text Analysis Structure

I. Introduction (paras. 1-2): Globalization is a double-edged sword, a daunting question of the 21st century.

I. Introduction (paras. 1-2): Globalization is a double-edged sword, a daunting question of the 21st century.

II. Argumentation (paras. 3-33)II. Argumentation (paras. 3-33)

A. advantages (paras. 3-17)

B. disadvantages (paras. 18-33)

III. Conclusion (para. 34): promise vs. perilIII. Conclusion (para. 34): promise vs. peril

Part I: IntroductionPart I: Introduction

Text Analysis Detailed Analysis

• the integration and democratization of the world’s culture, economy, and infrastructure through transnational investment, rapid proliferation of communication and information technologies, and the impacts of free-market forces on local, regional and national economies

• the increasing interconnectedness of nations and peoples around the world through trade, investment, travel, popular culture, and other forms of interaction (Encarta 2006)


Part I: Discussion

1. What is globalization?

2. Why does the author claim globalization as a “double-edged sword”?

3. Is this a new idea to you? What else do you know about its “double edges”?

This is quite a new idea when the text was written: in 1999, at the threshold of a new century. The other edges include, for example, facilitate exchanges between people across the world (goods move, ideas move, and cultures change), the political aspects in World Government, ecological and environmental impacts…


Part I: Discussion

4. What is the daunting question of the 21st century? Why is it daunting? Have you felt daunted about it before?

It is daunting because it is possible that the great changes brought by globalization would threaten everything in the world.


Part I: Discussion

on the edge

• close to the point at which sth different, esp. sth bad, will happen

Their economy is on the edge of collapse. She is on the edge of despair. But from where we stand, they appear to be teetering on the edge of financial—and societal—disaster.


Part I: Words & Expressions

Part II: ArgumentationPart II: ArgumentationA. AdvantagesA. Advantages


1. In what ways is globalization a trendy word for an old process?

globalizationglobalization

markets and markets and markets markets expansion (para. expansion (para. 3)3)

a way of a way of combating combating communism communism (para. 4)(para. 4)

an antidote to an antidote to deadly deadly nationalism nationalism (para. 5)(para. 5)


Part II (A): Discussion

multinational multinational companiescompanies

(paras. 9-12)(paras. 9-12)

governmentsgovernments(paras. 13-17)(paras. 13-17)

private private capital flowcapital flow(paras. 7-8)(paras. 7-8)

countries, distinct countries, distinct economic entities?economic entities?

2. What is the critical respect that differs globalization from its old process?


Part II (A): Discussion

champion v.

• to publicly fight for and defend an aim or principle, movement or person, such as the rights of a group of people

She championed a just cause.

champion n.

He’s the reigning champion. They are both gunning for places in the championship. He is a champion at playing basketball.


Part II (A): Words & Expressions

Part II: ArgumentationPart II: ArgumentationB. DisadvantagesB. Disadvantages


What is the FIRST problem of globalization?

economic instability

economic instability


Part II (B): Discussion

Asian Financial

Crisis

Asian Financial

Crisis

1. How does the author argue this?

Why broke out?(paras. 20-21)

Why not a globalDownturn?

(paras. 22-23)

a great danger(paras. 24-25)

possible largerinstability

(paras. 26-28)


2. What is the author’s opinion towards the outbreak of financial crisis in South-East Asia? Do you agree, disagree or partly agree? Why?

Investment fund not well used, trade flows become too lopsided (para. 19); crony capitalism, inept government investment policies and excess optimism, misuse of investment. (para. 21)

3. Do you agree with the author that it is the “astonishing US economy” that prevented Asia crisis from becoming a global economic depression? Why?

4. How would you judge his opinion? Pro-west point of view.→ more views on Asia crisis


The cry of “crony capitalism” as the cause of the Asian crisis is no longer very convincing after the crisis spread to the non-Asian world and the irregularities of American business and accounting practices are also exposed.

Stanley FischerStanley Fischer (1943-), former IMF (1943-), former IMF chief economistchief economist


China, India, Vietnam and Cambodia were not affected by the Asian crisis as much as the Republic of Korea and ASEAN4 (Thailand, Indonesia, Philippines, Malaysia). This is not because the productivity and institutions of the first group were superior, but because they did not open up financially.

Joseph Stiglitz (1943-), Joseph Stiglitz (1943-), former World Bank former World Bank chief economist chief economist


• The banking problem and the lack of proper bank supervision.

• Pre-modern corporate sector: non-transparency, family dominance, non-separation of ownership and management, archaic accounting, etc.

• Unhealthy relationship between government and big business.

• Too much dependence on exports (especially on US markets and IT devices).

• Political backwardness and lack of true democracy.


→ The real cause was the structural weaknesses of the

developing economies in East Asia.

5. What are the reasons for economic instability?

What is the SECOND problem of globalization?

political, political,

cultural, cultural,

social…social…


Part II (B): Discussion

1. How does the author argue this problem?

fear & anger(paras. 30-31)

It could implode…(paras. 32-33)

Seattle protestSeattle protest

European fearsEuropean fears

US workersUS workers


related pictures

2. How would globalization implode?

It is not inevitable or irresistible.

Governments can shield locals.

The governments’ logic.

If too many follow, it could.


be prone to• to be likely to do sth or suffer from sth, esp. sth bad or

harmful Workers who are forced to work long hours are prone to

accidents.

Some plants are very prone to disease.

Kids are all prone to eat junk food.

on both/several/all counts I’m afraid I do not agree with you on all counts.

I find this unconvincing on several counts.


Part II (B): Words & Expressions (1)

balance of payment• the difference between a country’s imports and exports

balance of payments surplus 国际收支顺差 / 赢余 balance of payments deficit 国际收支逆差 / 亏损

current-account• (in the text) an account of credits, debits, receipts, and

expenditures between two countries



surge The taxi surged forward. She could feel anger surging inside her. How can we expect a surge in his financial status in a short

span of 5 years?a surge of There is a surge of excitement in his press conference. Whenever there is dispute between the two countries over the border area, a surge of refugees can be predicted.



Part III: ConclusionPart III: Conclusion


Economic interdependence cuts both ways. (para. 34)

What can we learn as to how to write the conclusion of an argumentation from the last paragraph?


Part III: Discussion

Reinforcement

WritingWriting

Discussion


Unit 9

Reinforcement Discussion

1. Is globalization already a reality or a choice? why?

2. Does globalization have anything to do with culture? Do you think globalization is another word for Americanization (culturally, economically, etc.)? Why or why not?

3. Taking into consideration both the pros and cons of globalization, what kind of attitude should we adopt towards globalization?

Argumentative Writing (AW)

1. What are the four major types of writing?

narration, description, exposition and argumentation

2. What is the essential difference between argumentative writing and the others?

The main difference between argumentative essays and the others is the purpose of writing.

The purpose of other types of writing is to inform, entertain, or express the writer’s feelings and experience. However, the primary purpose of the argumentative essay is to persuade, to “win,” to convince readers of the thesis.

Reinforcement Writing

Argumentative Writing (AW)

3. Can you give some examples of argumentative writings?

editorials in newspapers, policies speeches, essays on theories or politics


Key Features of AW

1. A well-defined, controversial but arguable issue

2. A clear position

3. Convincing arguments

4. A reasonable, professional and trustworthy tone


General Structure of AW

1. General introduction state your problem in the thesis statement2. Extent of the problem who is affected, how bad is it, history of the problem, etc.3. Sound argumentation use deductive or inductive approaches4. Conclusion restatement of the thesis and summary of main ideas


globalization’s dual power

Documents

impact of globalization

important sentence

best business

previewwarming upfill

national magazine award

national headliner awards

best commentary

jargons bond