What role are newly industrialising countries (NICs) playing ...

What role are newly industrialising countries (NICs) playing ...

What role are newly industrialising countries (NICs) playing in globalisation? How many NICs can you name? Objectives for 3 lessons: All will know reasons for the growth of economies in NICs and apply concepts to 21st century examples Most will assess the role of NICs in globalisation Some will consider the future for economic

growth in NICs STRIPE: Self manager Starter Watch the Malaysia clip from the World 2000 DVD. What has changed since this DVD was made? What are NICs? The economies of NICs are usually growing very fast, and there has often been a recent move from a mostly agricultural economy to

one involving manufacturing and exporting. The term NIC was originally used for the Asian Tiger economies of Singapore, Hong Kong, South Korea and Taiwan, although some people argue theyre fully developed and so shouldnt be referred to as NICs anymore. Countries which are consistently thought of as NICs continent country GDP (Millions of

$US, 2007) GDP per capita ($US, 2007) HDI 2007 GDP growth rate (% per year) Africa

South Africa 467,089 5,906 0.674 (med) 4.50 North America

Mexico 1, 346,009 8,478, 0.829 (high) 3.00 South America

Brazil 1,835,642 6,937 0.800 (high) 5.40 Asia

China 6,991,036 2,460 0.777 (med) 11.10 India

2,988,867 977 0.619 (med) 9.70 Malaysia 357,391

6,947 0.811 (high) 5.40 Philippines 299,626 1,624

0.771 (med) 7.50 Thailand 519,362 3,736, 0.781 (med)

4.40 Turkey 360,985,492 1,463,632,361 0.775 9med) 5.20

Europe Why do NICs out perform factories in countries like the UK? This is mainly due to the following in NICs: Lower cost of living Lower wages Lack of unions Lack of legal protection for workers Lack of environmental controls

Common features of NICs: A large population that provides a big internal market and is a resource that attracts investment. An openness to globalization, involving movements of capital, labour and trade. A recent switch from agricultural to industrial economies. Large national corporations based there but also operating in several continents. Strong political leadership and some elements of state planning to ensure development. An education system that is strong enough to produce a core of well educated people.

Case Study: India Globalisation of services, with particular reference to India. Watch http://news.bbc.co.uk/1 /hi/business/8634932.s tm - Entrepreneurs flourish in Indias changing job market

Indias service sector Is not just about call centres- these are only a tiny part of a rapidly growing industry Offshore outsourcing The practice of hiring an external organisation to perform some business functions in a country other than the one where the products or services are developed or manufactured.

Some examples of offshore outsourcing are: Call centres to deal with sales and customer enquiries for companies like British Airways, Lloyds TSB, Prudential, HSBC, Barclays, BT, British Gas and Aviva (insurance). Advantages to firms locating in India

The large English speaking workforce (estimated to be over 50 million). Investment friendly and supportive government policies. New technologies World class infrastructure similar to that of developed countries for power, transport and data communication. The worlds 3rd largest brain Communication. Bank, with around 2.5 million technical professionals.

A stable democracy with over 50 years of independence. A large market size with a middle class population of 250-350 million, with increasing purchasing power reflected by a huge increase in the purchase of consumer durables in recent years. Special investment and tax incentives given for exports in certain sectors such as electronics, telecom, software, and research and development activities. Legal protection for intellectual property rights Why has the state of Karnataka and its capital

Bangalore developed into Indias leading centre for ICT? Karnataka Reasons The state was the 1st to set up engineering colleges. The 1st to set up a technology university. Introduced a statewide policy to promote the IT industry with grants and tax incentives. In 1991 it established a software technology park in

Bangalore which covers 140,000m. It now has 6 further technology parks with an area of 560,000m. It has the best telecom structure in the country. Aiming to build A Green Park to research environmentally friendly building construction and design. A NanoPark (technology dealing with matter on a molecular scale) A Biotech park for research into new medical, vetinary and plant technology.

Task Using the information from this presention, your textbook and the information in your packs, produce two mind maps to show the reasons for and impact of the growth of the economies in China and India. Reflection In 2003 the RAND corporation (a non-profit making think tank) identified eight major risks to the continued rapid growth of Chinas

economy over the next decade. These are shown on page 22 in your pack. Are you aware of any of these risks having an impact on Chinas economy today? Have any additional risks emerged? What does BRIC stand for? Objectives for 3 lessons: All will know reasons for the growth of economies in NICs and apply concepts to 21st century examples

Most will assess the role of NICs in globalisation Some will consider the future for economic growth in NICs STRIPE: Self manager Who are they?

Brazil Russia India China fast-growing developing economies Jim O'Neill, global economist at Goldman Sachs coined the phrase BRICs in 2001 What is their position? Account for more than a quarter of the world's land area and more than 40% of the

world's population. Among the biggest and fastest growing emerging markets. Not likely to come together in a trade alliance (like the EU) BUT they did have their first BRICs summit June 09 The economies of the BRICs are rapidly developing and by the year 2050 will eclipse most of the current richest countries of the world. In less than 40 years, the BRICs

economies together could be larger than the G7 in US dollar terms. By 2025 they could account for over half the size of the G7. Currently they are worth less than 15%. Where will their global power come from? China will be the biggest supplier of manufactured goods India will be the dominant global suppliers of services Brazil and Russia would become similarly dominant

as suppliers of raw materials. Brazil is dominant in soy and iron ore Russia has enormous supplies of oil and natural gas The path to 2050 2016: Chinas economy will be the 2nd biggest economy, following U.S. 2032: Indian economy will be larger than Japans, being the 3rd biggest economy. 2041: Chinas economy is the biggest economy. 2050: Brazil, Russia, India, and China become among the six most dominant economies.

India Goldman Sachs report 2007: "India's influence on the world economy will be bigger and quicker than implied in our previously published BRICs research". Significant areas of research and development, and expansion that is happening in the country, which will lead to the prosperity of the growing middleclass. Likely to be a shift in the centre of global economy. By 2050, four of the six biggest economies in the world

(China, India, Japan, Russia) will be in greater Asia. Of the current G7 only the US and Japan may be among the six largest economies in US dollar terms in 2050. Reasons BRICs overcome G7 Important part of worlds population Alliances between BRIC countries, political cooperation to extract political concessions from the United States Aging working population and falling productivity in G7countries India and China as major suppliers of manufactured goods and services

Russia and Brazil as commodities suppliers to India and China BRICs political and economic changes Political systems changed to embrace capitalism. Command & mixed economies Free markets development of economically sensible policies, open trade and

domestic markets stable institutions that support a long-standing economic growth Those measures lead to economic growth with a stronger currency. BRICs impact on global markets Transition period will be in the next 20 to 30 years: long term companies strategy must take into account these countries. Stages: Commodity markets

great demand driven by the BRICs economies Consumer markets rise in middle class demand Increase in demand for durable products Capital markets high returns capital demand will increase stronger national currencies What about the global recession?

The International Monetary Fund predicts that the overall economic growth rate of the developing countries will reach 5.1% in 2009. Of the developing countries, Brazil, Russia, India and China (BRICs) will enjoy growth rates of 3.0%, 3.5%, 6.3% and 8.5% respectively. That is better than the economic growth rates of developed countries! Conclusions By 2050 BRICs citizens are still likely to be poorer on average than the individuals in the G7 economies.

India will have the fastest growth on the next 30 to 50 years, due to its rising in working age population The pillars of the economic decisions will be shifted from North America and Europe to Asia High Asian growth will probably induce a growth on their neighbours. BRICs are an important market for almost all kind of companies, given the high growth potential. BRICs are calling for a multi-polar economic order, one less dominated by the US. Task

Next lesson you will complete an exam question considering the growth of NICs and their impact on the global economy. Today you should carry out research into the BRICS to explore their impact on the global economy. You could divide the four BRIC economies between different members of your class and each produce a resource to share. There is useful information about Brazils role as a BRIC in your pack. Use Blooms taxonomy mats to help pose your research questions. Review the information on this topic in your text book, then start using other sources for your research.

Reflection How easy was it to decide upon your questions? Is it a good idea to give students choice like this? Homework Produce resource and print copies to give to class at the start of next lesson. What are NICs? What are BRICs?

Share the outcomes of your research. What key issues have been raised? Objectives for 3 lessons: All will know reasons for the growth of economies in NICs and apply concepts to 21st century examples Most will assess the role of NICs in globalisation Some will consider the future for economic growth in NICs

STRIPE: Self manager Reflection How did you find the exam question? Note any concerns in your pack. To what extent have you achieved the objectives for these three lessons? Objectives for 3 lessons: All will know reasons for the growth of economies in NICs and apply concepts to 21st century examples

Most will assess the role of NICs in globalisation Some will consider the future for economic growth in NICs STRIPE: Self manager

Recently Viewed Presentations

  • Reforms to GCSE, AS and A level qualifications

    Reforms to GCSE, AS and A level qualifications

    Reforms to GCSE, AS and A level qualifications . Changes are being made to GCSE, AS and A level qualifications. These changes will come into force over the next few years: September 2015 -teaching begins for first tranche of new...
  • 2017 SATs

    2017 SATs

    SATs week. All year 6s are invited to join us for breakfast in school - from 8:30. Children do not need to bring in extra water for the tests - we will provide drinks if they need it.
  • DNA Mutations - Woodland Hills School District

    DNA Mutations - Woodland Hills School District

    A synonym is a word having the same or nearly the same meaning as another; so a synonym mutation is a different codon that ... The base pair change results in a STOP codon being produced. This may form a...
  • Statewide Planning Public Participation Plan Public Participation Advisory

    Statewide Planning Public Participation Plan Public Participation Advisory

    Why we need a Plan. Public engagement is integral to good transportation planning. Meaningful public participation helps improve the decision making process and provides lasting contributions to Rhode Island's quality of life.
  • The Speaking Triangle

    The Speaking Triangle

    The audience assumed Gehrig would discuss his "bad break," but instead he gave a motivational speech focusing on how he was "the luckiest man on earth." Aristotle's Rhetorical Triangle A more specific way Aristotle suggested we analyze rhetoric is looking...
  • Information Services Organisation Cascade - swswchd.co.uk

    Information Services Organisation Cascade - swswchd.co.uk

    NHS England consultation extended to 17 July 2017 due to general election. NHS England visit to UHB Mon 19th June. UHW visit has taken place. Leeds are appointing a network manager and exploring lead nurse role
  • Primate Evolution (65 - 5 mya)

    Primate Evolution (65 - 5 mya)

    Scales containing the protein keratin waterproof the skin. Reptiles obtain all their oxygen with lungs; no cutaneous respiration unlike amphibians. Evolution of Mammals Dinosaurs became extinct at the Cretaceous-Tertiary (K-T)boundary ~ 65 mya (end of Mesozoic). Mammalian evolution began over...
  • Language (and Decomposition) - Massachusetts Institute of ...

    Language (and Decomposition) - Massachusetts Institute of ...

    Language (and Decomposition) * * * * * * * Linguistics provides… a highly articulated "computational" (generative) theory of the mental representations of language that are used to "account for" judgments of meaning and well-formedness linguistics productivity: new sentences, new...