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InternationalEconomicsCooperationCourseIntroduction

(1)Coursecontents(2)Coursedescription(3)Course

objectives(4)AssessmentandRequirements(1)CourseContents1.Contemporaryworldeconomyanditsdevelopment2.Catalystsofworldeconomicdevelopment3.Globalizationera4.Regionaleconomicintegration5.Freedomoftrade----forerunnerofeconomicglobalization6.Financialglobalization7.Challengestothesustainabledevelopmentoftheworldeconomy8.Internationalcollaborationandcoordination9.Countriesintheglobalizedworldeconomy10.China’seconomicreformanditsintegrationintotheworldeconomy(2)Coursedescriptiona.Thecharacteristicsofeconomicglobalizationanditsdevelopmentb.Theinfluenceofglobalizationontheregionaleconomy,nationaleconomyandenterprisesc.Internationalcooperationandcoordinationd.Economicintegrationaroundtheworldduringtheglobalizatione.ThechallengesforsustainabledevelopmentofeconomyStudythelawsofworldeconomicchangeanddevelopment.(3)Courseobjectives

Afterthecompletionofthewholecourse,studentsaresupposedto:comprehendthebasiccharacteristicsofworldeconomy.Understandthethelawofchangeanddevelopmentofworldeconomy.Analyzeeconomicphenomenoninreallifesituationsaccordingtoeconomictheorieslearnedbefore.

(4)AssessmentandRequirementsThecoursewillbeassessedasfollows:ReadthetextbookcarefullyandanswerquestionspositivelyRoutineperformance:including

routineattendance,in-classpractice,testsandoutside-classassignmentsFinalexamYouareappreciatedfornot

beinglateforclassorabsentfromclass.chewinggumsorlisteningtothemusicduringclasses.pickingupthecellphoneorlettingthephoneringorwatchviedosduringclasses.CourseIntroduction

(1)Coursecontents(2)Coursedescription(3)Course

objectives(4)AssessmentandRequirementsWarmingupSUSAN’SstoryExamplesforglobalizationOneWorldOneDreamSUSAN’SSTORYWhatisyourfirstimpressionOnBeijingorChina?ForeignbrandscanbeseeneverywhereinChina.China’sfamousbrandsintheworld

Do

they

have

anything

incommon?Whatismostglobalized?Somethingsaremoreglobalizedthanothers…HowGlobal?Extremely

VeryModeratelyNotsomuchWhatismostglobalized?Somethingsaremoreglobalizedthanothers…HowGlobal?ExtremelyCapitalflowsVeryTradeModeratelyCorporations,FDI,ProductionNotsomuchLabor(workers)ChapterOne

ContemporaryWorldEconomyandItsDevelopmentKeyIssues:Whyshouldwestudytheworldeconomy?Howimportantistheenvironmentforthesustainableeconomicdevelopment?Howimportantarethenaturalresourcesfortheeconomicdevelopment?Whatdoesthehistoricalreviewoftheworldeconomytellus?MaincontentsHistoricalreviewofworldeconomyThedefinitionofworldeconomyThethreeelementsofworldeconomy

The

subjectthemeofworldeconomyTheworldeconomicsystemdiscussion1.Whatisnationaleconomy?Thenationaleconomyreferstotheinterrelatedwholeformedbythesocialproductiondepartments,circulationdepartmentsandothereconomicsectorswithinamoderncountry.2.What’stherelationshipbetweenthenationaleconomyandtheworldeconomy?(takesthforexample)interdependent1.1.FundamentalElementsoftheContemporaryWorldEconomy

1.1.1TheDefinitionoftheWorldEconomy

Aneconomicdevelopmentsystemgoingbeyondthenation-stateboundary,inwhichallnationaleconomiesareintegratedintoaninterdependentbodythroughinternationaldivisionoflabor,worldmarket,internationalizedexchangetoolsandfreemovementofproductionfactorsintheglobalizationerainternationaldivisionoflaborThe

divisionoflabour

istheseparationoftasksinany

system

sothatparticipantsmayspecialize.Individuals,organizations,andnationsareendowedwithoracquirespecializedcapabilities.Specializedcapabilitiesmayincludeequipmentor

naturalresources

inadditiontoskillsandtraining.Complexcombinationsofsuchassetsareoftenimportant,whenmultipleitemsofspecializedequipmentandskilledoperatorsareusedtoproduceasingleproduct.Thedivisionoflabouristhemotivefor

tradeandthesourceof

economicinterdependence.The

structure

of

the

aircraft:China&America

Engine:

AmericaHydraulicpressurecircuit:America

ComputerAccessories

:ChinaAssemblyaccessories:AmericaBoeing787DreamlinerChina’sinternationaldivisionoflaborintheworldMadeinChina.China’sinternationaldivisionoflaborintheworldMadeinChina.China’sinternationaltradeislargelyrelatedtolabor,butnotrelatedtoresearchanddevelopment.Chineseproductsforexportarealmostlabor-intensiveandinthelow-endofvaluechain.Theyrelyonlowcosttocompetewithrivals.CreatedinChinaDiscussionTalkaboutthecurrentsituationofyourcountry’sinternationaldivisionoflaborintheworld.1.1.FundamentalElementsoftheContemporaryWorldEconomy

1.1.1TheDefinitionoftheWorldEconomy

Aneconomicdevelopmentsystemgoingbeyondthenation-stateboundary,inwhichallnationaleconomiesareintegratedintoaninterdependentbodythroughinternationaldivisionoflabor,worldmarket,internationalizedexchangetoolsandfreemovementofproductionfactorsintheglobalizationera

productionfactorsTherearethree

basic

resourcesorfactorsofproduction:

land,

labor

and

capital.

1.1.FundamentalElementsoftheContemporaryWorldEconomy

1.1.1TheDefinitionoftheWorldEconomy

Aneconomicdevelopmentsystemgoingbeyondthenation-stateboundary,inwhichallnationaleconomiesareintegratedintoaninterdependentbodythroughinternationaldivisionoflabor,worldmarket,internationalizedexchangetoolsandfreemovementofproductionfactorsintheglobalizationera

MaincontentsHistoricalreviewofworldeconomyThedefinitionofworldeconomyThethreeelementsofworldeconomy

The

subjectthemeofworldeconomyTheworldeconomicsystem1.1.2TheSubjectthemeoftheWorldEconomy

Thedevelopmentoftheworldeconomicglobalization(clou)globaltrade/investment/technology/multinationalfirmEconomiclinkagesofnationaleconomies(ChinaandUSeconomiccooperation)

Nationaleconomies

Problemsandchallenges

Problemsandchallenges

oftheWorldEconomy

Theseproblemsincludeglobal

inequality

andunequaleconomicdevelopment,global

poverty,theexhaustionofnon-renewableresources,

depletionoftheenvironment

andglobalwarming,andsystemicproblemsassociatedwithinadequateregulationof

financialmarkets.Theseglobalproblemsarelongerterm,andmayrequireastrategicapproachtofindingsolutions.

MaincontentsHistoricalreviewofworldeconomyThedefinitionofworldeconomyThethreeelementsofworldeconomy

The

subjectthemeofworldeconomyTheworldeconomicsystem1.1.3TheThreeElementsoftheWorldEconomy

PeopleNaturalresourcesEcologicalenvironmentPeople:controllingforceoftheworldeconomy, dualfeatures:basicproductionfactorandconsumerdiscussionWhichoneisthemostpopulouscontinent?Whichoneisthemostpopulouscountry?discussionWiththeincreaseofhumanpopulation,theworldeconomyhaskeptgrowingrapidlyintermsofspeedandtotalvolume.1.1.3TheThreeElementsoftheWorldEconomy

People:controllingforceoftheworldeconomy, dualfeatures:basicproductionfactorandconsumer(video)

Naturalresources

:basicmaterialsuppliesforproduction,distributionandlocationofnaturalresourceshavegreatimpactontheeconomicpatternoftheworldeconomy(introduction?)Whatresourcesareabundantinyourcountry?discussionWhatarethemostimportantnaturalresourcessforeconomicdevelopment?Whichcountriesarerichinoil,coalandnaturalgas?discussionJapan’sImport99.7%ofoil97.7%ofcoal96.6%ofnaturalgas60%ofagriculturalproductsIsthepossessionofnaturalresourcesindispensableforeconomicdevelopment?1.1.3TheThreeElementsoftheWorldEconomy

People:controllingforceoftheworldeconomy, dualfeatures:basicproductionfactorandconsumer(video)

Naturalresources

:basicmaterialsuppliesforproduction,distributionandlocationofnaturalresourceshavegreatimpactontheeconomicpatternoftheworldeconomy(introduction?)Ecologicalenvironment

:supportingsystemforlives,maintainthephysical,geographicalandchemicalmetabolizingmovementoftheearth

Whataretheproblemsaboutecologicalenvironmentinyourcountry?

discussionMaincontentsHistoricalreviewofworldeconomyThedefinitionofworldeconomyThethreeelementsofworldeconomy

The

subjectthemeofworldeconomyTheworldeconomicsystem1.1.4TheWorldEconomicSystem

definitionChinesescholar:worldeconomicsystemisaneconomicrelationshipandbalancingstatusofcountriesbasedontheireconomicpowerandmutualrestrainingabilities:acountryoracountrygroupactsasthecoreoftheworldeconomyor“headofthetrain”WesternscholarrepresentedbyWallenstein:world-systemisaninterdependentsystemofcountrieslinkedbyeconomicandpoliticalcompetition.Heproposesfourdifferentcategories,core,semi-periphery,periphery,andexternal.

Aworldmapofcountriesbytradingstatus,late20thcentury,usingtheworldsystemdifferentiationintocorecountries(blue),semi-peripherycountries(purple)andperipherycountries(red).BasedonthelistinDunn,Kawana,Brewer(2000).MaincontentsHistoricalreviewofworldeconomyThedefinitionofworldeconomyThethreeelementsofworldeconomy

The

subjectthemeofworldeconomyTheworldeconomicsystem1.2.HistoricalReviewoftheWorldEconomy

1.2.1TheExplorationErato1500

1.2.2TheInternationalCirculationofGoods1.2.3TheInternationalOutflowofCapital:1.2.4TheInternationalMovementofProductionFactors1.2.5TheGlobalizationEraSince19801.2.6DrivingForcesofPost-1980Globalization

1.2.1TheExplorationErato1500

1.2.2TheInternationalCirculationofGoods

Developmentofmegalanguages Writingandprintingtechnologies

Transportationinnovations

Unifiedworldexchangetool

Retailestablishments

Developmentofnewtechnologyinproduction,transportationandcommunicationincreasedtheefficiencyofproductionandacceleratedthepresenceofmega-enterprises Accumulationofcapitalin

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