1、l (1)Course contents(2)Course description(3)Course objectives(4)Assessment and Requirements 1.Contemporary world economy and its development 2.Catalysts of world economic development 3.Globalization era4.Regional economic integration5.Freedom of trade-forerunner of economic globalization6.Financial
2、globalization 7.Challenges to the sustainable development of the world economy 8.International collaboration and coordination9.Countries in the globalized world economy 10.Chinas economic reform and its integration into the world economya.The characteristics of economic globalization and its develop
3、mentb.The influence of globalization on the regional economy,national economy and enterprisesc.International cooperation and coordination d.Economic integration around the world during the globalizatione.The challenges for sustainable development of economyStudy the laws of world economic change and
4、 development.After the completion of the whole course,students are supposed to:comprehend the basic characteristics of world economy.Understand the the law of change and development of world economy.Analyze economic phenomenon in real life situations according to economic theories learned before.The
5、 course will be assessed as follows:Read the textbook carefully and answer questions positivelyRoutine performance:including routine attendance,in-class practice,tests and outside-class assignmentsFinal examlbeing late for class or absent from class.lchewing gums or listening to the music during cla
6、sses.lpicking up the cell phone or letting the phone ring or watch viedos during classes.l (1)Course contents(2)Course description(3)Course objectives(4)Assessment and Requirements lSUSANS storylExamples for globalizationSUSANS STORYForeign brands can be seen everywhere in China.lSome things are mor
7、e globalized than othersHow Global?Extremely VeryModeratelyNot so muchlSome things are more globalized than othersHow Global?ExtremelyCapital flowsVeryTradeModeratelyCorporations,FDI,ProductionNot so muchLabor(workers)Contemporary World Economy and Its DevelopmentKey Issues:Why should we study the w
8、orld economy?How important is the environment for the sustainable economic development?How important are the natural resources for the economic development?What does the historical review of the world economy tell us?Historical review of world economyThe definition of world economyThe three elements
9、 of world economy The subject theme of world economyThe world economic systeml1.What is national economy?lThe national economy refers to the interrelated whole formed by the social production departments,circulation departments and other economic sectors within a modern country.l2.Whats the relation
10、ship between the national economy and the world economy?(take sth for example)interdependent1.1.1 The Definition of the World Economy An economic development system going beyond the nation-state boundary,in which all national economies are integrated into an interdependent body through international
11、 division of labor,world market,internationalized exchange tools and free movement of production factors in the globalization eralThe division of labour is the separation of tasks in any system so that participants may specialize.Individuals,organizations,and nations are endowed with or acquire spec
12、ialized capabilities.lSpecialized capabilities may include equipment or natural resources in addition to skills and training.Complex combinations of such assets are often important,when multiple items of specialized equipment and skilled operators are used to produce a single product.The division of
13、 labour is the motive for trade and the source of economic interdependence.The structure of the aircraft：China&AmericaEngine：AmericaHydraulic pressure circuit：AmericaComputer Accessories:ChinaAssembly accessories：AmericaBoeing787 DreamlinerlMade in China.lMade in China.lChinas international trade is
14、 largely related to labor,but not related to research and development.Chinese products for export are almost labor-intensive and in the low-end of value chain.They rely on low cost to compete with rivals.Created in ChinalTalk about the current situation of your countrys international division of lab
15、or in the world .1.1.1 The Definition of the World Economy An economic development system going beyond the nation-state boundary,in which all national economies are integrated into an interdependent body through international division of labor,world market,internationalized exchange tools and free m
16、ovement of production factors in the globalization era lThere are three basic resources or factors of production:l land,labor and capital.1.1.1 The Definition of the World Economy An economic development system going beyond the nation-state boundary,in which all national economies are integrated int
17、o an interdependent body through international division of labor,world market,internationalized exchange tools and free movement of production factors in the globalization era Historical review of world economyThe definition of world economyThe three elements of world economy The subject theme of wo
18、rld economyThe world economic systemlThe development of the world economic globalization(clou)lglobal trade/investment/technology/multinational firmlEconomic linkages of national economies(China and US economic cooperation)lNational economies lProblems and challenges lThese problems include global i
19、nequality and unequal economic development,global poverty,the exhaustion of non-renewable resources,depletion of the environment and global warming,and systemic problems associated with inadequate regulation of financial markets.lThese global problems are longer term,and may require a strategic appr
20、oach to finding solutions.Historical review of world economyThe definition of world economyThe three elements of world economy The subject theme of world economyThe world economic systemlPeoplelNatural resourceslEcological environmentlPeople:lcontrolling force of the world economy,dual features:basi
21、c production factor and consumerlWhich one is the most populous continent?lWhich one is the most populous country?lWith the increase of human population,the world economy has kept growing rapidly in terms of speed and total volume.lPeople:lcontrolling force of the world economy,dual features:basic p
22、roduction factor and consumer(video)lNatural resources:lbasic material supplies for production,distribution and location of natural resources have great impact on the economic pattern of the world economy(introduction?)lWhat resources are abundant in your country?lWhat are the most important natural
23、 resourcess for economic development?lWhich countries are rich in oil,coal and natural gas?l99.7%of oill97.7%of coall96.6%of natural gasl60%of agricultural productsIs the possession of natural resources indispensable for economic development?lPeople:lcontrolling force of the world economy,dual featu
24、res:basic production factor and consumer(video)lNatural resources:lbasic material supplies for production,distribution and location of natural resources have great impact on the economic pattern of the world economy(introduction?)lEcological environment:lsupporting system for lives,maintain the phys
25、ical,geographical and chemical metabolizing movement of the earth lWhat are the problems about ecological environment in your country?Historical review of world economyThe definition of world economyThe three elements of world economy The subject theme of world economyThe world economic systemldefin
26、itionlChinese scholar:lworld economic system is an economic relationship and balancing status of countries based on their economic power and mutual restraining abilities:a country or a country group acts as the core of the world economy or“head of the train”lWestern scholarlrepresented by Wallenstei
27、n:world-system is an interdependent system of countries linked by economic and political competition.He proposes four different categories,core,semi-periphery,periphery,and external.lA world map of countries by trading status,late 20th century,using the world system differentiation into core countri
28、es(blue),semi-periphery countries(purple)and periphery countries(red).Based on the list in Dunn,Kawana,Brewer(2000).Historical review of world economyThe definition of world economyThe three elements of world economy The subject theme of world economyThe world economic systeml1.2.1 The Exploration E
29、ra to 1500 l1.2.2 The International Circulation of Goodsl1.2.3 The International Outflow of Capital:l1.2.4 The International Movement of Production Factorsl1.2.5 The Globalization Era Since 1980l1.2.6 Driving Forces of Post-1980 Globalization Development of mega languagesWriting and printing technol
30、ogies Transportation innovations Unified world exchange tool Retail establishments Development of new technology in production,transportation and communication increased the efficiency of production and accelerated the presence of mega-enterprises Accumulation of capital in mega-companies:capital ou
31、tflow from the home countries to host countries seeking for better investment chancesCompanies began to replace countries as the major catalysts of economic and cultural change l1.2.4 The International Movement of Production Factors l1.2.5 The Globalization Era Since 1980 l1.2.6 Driving Forces of Po
32、st-1980 Globalization:International Trade Trade Blocs Foreign Direct Investments Technology and Global Media lWhat have you learned from the evolution of the world economy?lPlease write down the most famous companies in your country and make a introduction about their achievements,main products,bran
33、d,sales performance and so on.l1.What have you learned from the top multinational corporation list?l2.Compare the latest list of top 25 with the list of 2004 and point out the change of nationalities of top multinational corporations and the change of the industrial sectors.Historical review of world economyThe definition of world economyThe three elements of world economy The subject theme of world economyThe world economic system
