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Unit 1 Lead-in Video-watching1-1.WMV Q 1:How is China spending its foreign exchange reserve? Q 2: Why is China going out more and more actively? Globalization Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. McDonalds in Japan and the United Nations, are all representations of globalization. Change and diversity Improved Technology in Transportation and Telecommunications Movement of People and Capital Diffusion of Knowledge Non-Governmental Organizations (NGOs) and Multinational Corporations Discussion Is Globalization a Good Thing? Positive Aspects of Globalization As more money is poured into developing countries, there is a greater chance for the people in those countries to increase their standard of living. Global competition encourages creativity and innovation and keeps prices for commodities/services in control. Developing countries are able to reap the benefits of current technology. Governments are able to better work together towards common goals. There is a greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices. Negative Aspects of Globalization Outsourcing, while it provides jobs to a population in one country, takes away those jobs from another country, leaving many without opportunities. Although different cultures from around the world are able to interact, they begin to meld, and the individuality of each begin to fade. There may be a greater chance of disease spreading worldwide. Haier group Eastern port city of Qingdao, 7 million people, Haier road in Qingdao, Haier technology museum, World’s sixth-largest maker of large white goods (huge household appliance) CEO: 张瑞敏海尔集团董事局主席张瑞敏（三）赢在中国-创业精神-改革开放 标清.flv Mid-1980s, senior manager, took a sledgehammer to defective refrigerators at what was then known as the Qingdao refrigerator factory. Emphasize the importance of qualit