Subject File GLOBALIZATION

 Introduction: What is globalization?

Ex. 1: Topic vocab. Match the words with the correct definitions.

	Topic vocabulary	No.	Definition
1	global trade		… countries with little or no industrial or economic activity where people have low incomes
2	developed countries		… a nation’s economy progressing towards developed and advanced
3	global village		… refers to the economy of the world comprising economies of different countries closely interrelated
4	outsourcing		… a workplace with unacceptably severe conditions and usually extremely low wages
5	developing countries		… the whole world looked at as a single community that is connected by electronic communication systems
6	emerging economy; emerging market economy		… countries with a lot of industrial or economic activity where people have high incomes
7	global economy		… the exchange of goods between countries
8	sweatshop		… finding goods or services outside the country

Ex. 2: Watch the video and check your answers in Ex. 1. Then compare them with the KEY.

Ex. 3: Pros and Cons of Globalization.

-> Read the text and decide whether the statements are true or false.

The Pros and Cons of Globalization

  

		True	False
a)	The outsourcing of manufacturing jobs in advanced economies is due to the higher level of skills in developing countries.
b)	Globalization leads to higher productivity and output in countries, more jobs, increased wages, and decreased product prices in the world economy.
c)	Globalization has contributed to reducing the number of people suffering from poverty around the world.
d)	Consumer goods such as household appliances, cars, or apparel have become less affordable due to globalization.

KEY 

Ex. 1: 5; 6; 7; 8; 3; 2; 1; 4

Ex. 3: a) False/due to cheaper labor costs; b) True; c) True; d) False/more affordable

Benefits of Globalization: Fair Trade

Fair trade is a global movement and a system of trading that ensures farmers and workers in developing countries receive fair compensation, safe working conditions, and stronger rights for their labor and products. It achieves this through certified standards, enabling businesses to ethically and sustainably source goods, and providing consumers with confidence that the people producing their products are treated with respect and dignity, leading to secure and sustainable livelihoods.  

Ex. 1: Learn more about fair trade ->  https://vimeo.com/1007635378

What fair trade does:

1. Ensures fair prices: Producers receive a fair and stable price for their products, which is paid regardless of world market price fluctuations. 
2. Promotes decent working conditions: Fair trade standards protect workers' rights and demand safe and healthy environments. 
3. Supports environmental protection: The movement encourages and supports sustainable agricultural practices and environmental stewardship. 
4. Empowers producers: It partners with farmers and workers, allowing them to participate in decision-making processes and build stronger businesses. 
5. Fosters consumer awareness: Fair trade aims to raise awareness about the impacts of unfair trade practices and encourages conscious consumer choices. 

For more information go to: https://www.fairtrade.net/uk-en.html