—— Sunny Gu(经济学老师)
IGCSE&AS Econ Students Presentation Drafts
Theme: Global Economy
AS Econ Class
IGCSE Econ Class
Vicky, European Union
Minty, Trade in service
Volkswagen's sales and performance in the global market affect the international economy. Volkswagen sells cars all over the world. But in different countries, it makes different improvements. Not all countries have unique versions, of course. In China, for example, Volkswagen has its own factories. The cars made in this foundry are special editions of the area. But some people will like European models and buy imported cars. In this year's disadvantaged environment, Volkswagen achieved the first market share, surpassing tesla. Moreover, Volkswagen's SUVs have become a big part of that advantage.
From the project, I learned how to prepare my speech. First, identify the company. Then search the Internet to read the company's information. For example, go to the official website to download the annual financial report. Analyze and summarize the data on international trade. Finally, organize the outline and prepare the speech.
For the beginning of this event, China close almost all of the port and airport so the trade between China and other countries will close. China use all of its productivity to produce mask, protection suit, and other things which is necessary to coronavirus. Fortunately, China control this virus in few months, so they export or give their remainder masks or other things to other country.
In Europe, the most serious country is Italy, they also stop to trade to other country expect the trade about medical treatment. Luxury export is the specialty for Italy. Most luxury in the world is come from here so I’m sure coronavirus will give a heavy hit to luxury good industry. For the most countries of Europe they need a big amount of protective equipment and lost some productivity. For Japan and Korea, coronavirus do not have a big effect because they do very well in the prevent part. Just a city which is called Daegu is a little bit serious. Last, I will talk about America. Although coronavirus is serious in America, they don’t stop produce and trade. They still trade as normal time.
All in all, this coronavirus is a serious event in the world and maybe a disaster to some industries and the product of the medical treatment will be very rare and expensive during this period of time.
The import and export of Japan
My speech is to let you know the current situation of Japan's foreign trade economy, tell you what the main export products of Japan are, what the import products are, and why Japan has a great impact on world trade.
Japan is the fourth largest importer and exporter of commodities in the world. Because the land of Japan is very small, mineral and other resource products are the main imported products of Japan. But Japan is at the global leading level in the processing technology and technology of mechanical and electrical products, such as Panasonic, Fujitsu, Sony, Canon, which are all world-famous brands.
In this survey, I have collected a lot of information and learned a lot about the current situation in Japan, which I think is very good for me.
Gold can keep its value under the fluctuation of world currency price. In view of this risk, it should be temporary for investors to allocate gold and gold stocks to hedge risks. But if the US dollar weakens further, gold could do better because the trend of US dollar is closely related to gold price. Even in the face of economic crisis, the price of gold can remain unchanged or even rise steadily to maintain the value of assets.
Today I am talking about the international trade of the EU. The European union is a large international organization for the economic cooperation in Europe. The member states of the organization giving some powers to the European union. That makes European union becoming more and more like a federal state.
The advantages of EU countries:
Free trade between member states
The tax is consistent with foreign countries, and the status of foreign trade is consistent
People of any EU member state are free to live and work within the EU
Allow people of any EU country to vote for local government
Capital flows freely between member countries
Trade in service
Trade in services have become the backbone of the global economy and the most dynamic component of international trade. Technology is making it easier to trade services. Much services trade until recently required producers and consumers to be in physical proximity. But in the current services economy, it is becoming significantly easier to trade in services, thanks in large part to digitalization. The growing cross-border tradability of services is opening new opportunities for national economies and individuals.
Nike sells products to thousands of retail customers and ships from 67 distribution centers outside the United States. In the financial year 2019, Nike's three major customers outside the U.S. accounted for about 14% of non-U.S. total sales. In addition to Nike and converse's digital business platforms in more than 45 countries, Nike direct sales and converse's direct to consumer business operate 768 retail outlets outside the United States.
Huawei is a famous multinational company in the world. Many of the well-known multinational companies come from western countries, but Huawei is different. Huawei is a multinational company from China to the world.
Huawei is founded in 1987. It is the world's leading provider of ICT (information and communications) infrastructure and smart terminals. They committed to bringing the digital world into every person, home and organization to build an interconnected smart world. For more than 30 years, Huawei has worked with operators to build more than 1,500 networks that connect more than 3 billion people around the world.
Huawei is pride of China. Huawei is a symbol of China's reform and opening-up. I hope Huawei can be stronger in the future, and bring more world-leading technologies.
Economics news from the following websites.
Yahoo Finance https://finance.yahoo.com
Economics reports from the following websites.
World Trade Organization https://www.wto.org
Organization for Economic Co-operation and Development https://www.oecd.org
United Nations Conference on Trade and Development https://www.unctad.org
European Union https://europa.eu/european-union
Gold from https://www. investopedia.com
Official Websites of Huawei https://www.huawei.com/cn/
Annual financial reports of Volkswagen, Nike