SS Sec 4/3: Chapter 9.1.2 by Teo Siu yan

Lesson Objective

teo_siu_yan — 2024-02-16 03:08:25 UTC

In this lesson, you will learn

•how globalisation can create economic opportunities for individuals, and

•how globalisation can pose economic challenges for individuals.

State Your Name

teo_siu_yan — 2024-02-28 09:48:01 UTC

Provide examples from the video or source to support substantiate your answer.

Resource 1# Singaporean Hawker in NYC

teo_siu_yan — 2024-02-28 09:48:49 UTC

Resource 2# Mr Tharman's speech

teo_siu_yan — 2024-02-28 09:49:28 UTC

Resource 1# Panasonic

teo_siu_yan — 2024-02-28 09:53:04 UTC

jadden

jaddenyee — 2024-03-01 04:17:53 UTC

in the video, the stall owners said that there is lesser competition as there are lesser singapore food stalls in US compared to singapore which has many identical stores in one hawker centre. it also makes singaporean food something unique n different as it is not commonly seen or eaten, attracting customers bc of its uniqueness. this openness a new market for ppl to sell Singaporean food = more $$$

mu yan

2024-03-01 04:18:43 UTC

increased globalisation = increase in jobs to facilitate globalisation = more employment

Jasmine and Jia Ning

koy_jia_ning — 2024-03-01 04:19:17 UTC

Opportunity to expand and bring the Singapore culture to other countries. It creates more jobs as Singapore may be overcrowded with people who sell similar food, but in other countries it is unique and uncommon

Akheilee

2024-03-01 04:19:32 UTC

By expanding their market into other countries, Singaporean Hawkers can face less competition when selling their food in places where it is not commonly found. Furthermore, due to globalisation, most of the resources that they need to make their food is available even when they are not in Singapore, showing how globalised the market is.

yx

2024-03-01 04:19:50 UTC

head of global (the company's motive)
local (product manufacturer)

globalisation allows company to offer jobs that can spread to all over the world, such as the head of some global part or some local manufacturer. this way, companies are not only able to reach out to their global audiences, but also provide more job opportunities for people.

claire

2024-03-01 04:19:58 UTC

From resource 1, by taking local food across to US, Singapore is being more open to globalisation as business reach a larger market. This creates a higher demand for goods and services for e.g more demand for hawker jobs

Ana

2024-03-01 04:20:01 UTC

Globalisation allows for the sharing of new and most of the time unique ideas and goods like in Source1 unique Singaporean cuisine. It was stated in the video that its uniqueness allowed for less competition and there was not a need to adapt and make things cheaper in order to outdo other Hainanese chicken rice stalls. Thus in the end the individuals were able to sell the chicken rice for higher prices in the US than in Singapore and more money to employ more people. creating job opportunities

lucasi

2024-03-01 04:20:12 UTC

in the video, hawkers from singapore went to work in new york to sell food like curry fish head and chicken rice. this is a result of globalisation and they would have more opportunities to sell food to the people there since it is new to them and they have lesser competition since there is not much of the same stalls which would allow them to earn more money

Isaac

2024-03-01 04:20:17 UTC

Globalisation has allowed businesses like Urban Hawker as shown in resource 1 to access markets with a lower supply of their goods and services and high demand, in this case New York City, leading to a conducive environment for business growth, as people do not usually have access to these foods

jun hao

2024-03-01 04:20:52 UTC

from resource 2, the development of new products in SK-II meant that more people were employed to doing the testing and management of the products.

natalie

2024-03-01 04:20:58 UTC

In tharman's speech, you can see globalising lead to more job opportunities and variety of interesting jobs. The hawker in the US also showed that job opportunities outside of the boarders also increase. This allows Singapore based markets to expand in other coubtries.

Renfred and abit of hong bin

soh_hong_bin — 2024-03-01 04:21:12 UTC

Globalization leads to the creation of new industries and the expansion of existing ones, which in turn creates job opportunities for individuals. For example, from Resource 2 (chicken rice) due to the dish not being popular or known in countries such as the United States of America. Therefore, Globalization facilitates cultural exchange, by allowing individuals to learn from and collaborate with people from different backgrounds and perspectives. This leads to new culinary and cultural expressions that create economic opportunities.

kia lent

2024-03-01 04:21:32 UTC

the hawker business reach a larger market, as it opens outlets in NYC due to globalisation. thid creates more jobs for people such as hawkers

Lois

2024-03-01 04:21:42 UTC

can create global-scale business as sk-ii magnetic wand is comparable to skin products

Jia xuan

2024-03-01 04:21:52 UTC

Opportunity to create and grow global scale businesses as well as provide new career pathways.

Syaura

2024-03-01 04:22:05 UTC

there are more job opportunities in other countries because there is an overcrowding in the industry but it can be seen as fresh and unique in the industry of another country For example, many Korean shops have opened up in Singapore as a result of globalisation and many developed an interest in Korean culture

Abeni

2024-03-01 04:22:06 UTC

Some new job opportunities is that these urban hawkers are able to sell their wares as the dishes are viewed as specialty items, and not needing to compete with other similar stalls like in Singapore.

bhargavi ^^

2024-03-01 04:22:09 UTC

due to globalization, people, well in this case restaurant/hawker owners can bring their businesses which sell foods that are uniquely special to sg to other countries. The plus of this is that there isn't much competition and the people overseas have no idea about the market price, so technically speaking you can overcharge and it'd be normal.

take this mothership article for example, which is a prime example of this. $29 for Laksa and Bak Chor mee? that's like $10 tops in a food court-

https://mothership.sg/2023/03/cai-fan-australia-price/

And this article is a prime example as well. Cai fan? for 20AUD? economy rice is supposed to be cheap 😭

jOsHuuuuA

low_jun_yang_joshua — 2024-03-01 04:22:21 UTC

so like as seen in the video, as a result of globalization, many hawkers/ businesses are able to expand overseas where competition is way less when compared to Singapore. Moreover, since Singaporean food is not something local there hence the businesses are able to make a more stable income in addition to the gained opportunity to help spread the wide variety of food Singapore has to offer to people from all around the world

Jun Xiong

2024-03-01 04:23:53 UTC

The hawker centre has lesser competition which result in better profit in US. It also creates more job opportunities

Ruth

2024-03-01 04:24:16 UTC

Products and/or services unique to a country or culture can be shared with others which could create new employment opportunities through globalisation. For example, Urban Hawkers started a business to bring Singapore's hawker culture and traditional foods to the US where the market is still new. Thus, they would have very little to no competitors, giving them an opportunity to charge higher prices and earn more profits. Locals who are experienced in cooking these dishes can also partner with Urban Hawkers to work overseas and making use of this job opportunity to earn more or gain more experience.

megan

2024-03-01 04:24:23 UTC

Singaporeans are able to go to new york city in America to serve their hawker food to the americans. This benefits them as it is less competitive in the US which allows Singaporeans to do a job they are experienced in while still earning money.

kialent

2024-03-01 04:32:11 UTC

MNCs like Panasonic may relocate their operations to other countries to save costs or access expertise available elsewhere. When this happens, individuals who are employed in these operations may lose their jobs.

Advancements in technology may cause some types of jobs to be automated as machines are increasingly used to perform work. Thus individuals working in these types of jobs may lose their jobs.

With a greater movement of labour as individuals relocate to work in other countries, local worker in those countries may face greater competition from foreign labour in the job market.

yx

2024-03-01 04:34:23 UTC

when the companies decide to pull out of sg, then they would have to retrench these people and the retrenched would have no jobs

locals may also not have much job opportunities if the company is focusing on reaching out globally

Cercopithecidae

soh_hong_bin — 2024-03-01 04:34:33 UTC

Globalization has allowed companies like Panasonic to outsource manufacturing and other functions to countries with lower labor costs. This can lead to job losses in the company's home country as production facilities are relocated to cheaper overseas locations. For example, Panasonic might close down a factory in Japan and move its operations to China or Southeast Asia to take advantage of lower wages.

lucas

2024-03-01 04:34:35 UTC

people may lose their jobs due to the advancement in technology. some jobs may become automated after globalisation. causing people to lose their jobs

Jia Xuan

2024-03-01 04:34:42 UTC

When MNCs relocate their operations to other countries to save costs or access expertise available elsewhere. As a result, it causes employed individuals to be at risk of losing their jobs.

Ruth

2024-03-01 04:35:05 UTC

Globalisation may lead to challenges to individual's employment. For example, when MNCs decide to relocate some of their operations to another country, people in these sectors would be laid off and lose their source of income. Additionally, due to mismatches skill sets in the industry, individual's may find it harder to secure other new jobs as they may require a different training to perform the new job.

JoShUUUUUUAaaa :>

low_jun_yang_joshua — 2024-03-01 04:36:18 UTC

due to globalization, MNCs may want to relocate or expand so as to gain better resources and income from another place/country. By doing so, locals in the current country may not be able to follow the company and relocate too which might cause them to lose their jobs completely

its not me

2024-03-01 04:36:18 UTC

with greater movement of labour as individuals relocate to work in other countries, local workers in those countries may face greater competition from foreign labour in the job market

Eg: Mainly affects blue collar workers

competing with foreign workers that have lower rates than Sg workers

claire

2024-03-01 04:36:19 UTC

Since MNCs such as Panasonic depend on the global economy for their business, with the outbreak of Covid 19 this declined their business which caused individuals to lose their jobs in order to save their business costs.

jadden and abit of renfred (ohhh that's new!)

2024-03-01 04:36:20 UTC

mncs may relocate their operations to other countries bc of lower labour cost or for other expertise available there. this causes ppl to loose their jobs. jobs r also being taken over by technology n r also being automated so ppl may loose their jobs, esp manual labour. ppl who come from other countries to work also make employment for locals harder as competition increases

Jasmine and Jia Ning

koy_jia_ning — 2024-03-01 04:36:24 UTC

Globalisation led to challenges to individual's employment as MNCs relocate their operations to other countries to save costs or access expertise available elsewhere. This will lead to people working in the MNCs to lose their jobs.

jun hao

2024-03-01 04:36:52 UTC

MNCs are dependant on the global economy hence when there is dips in the global market, the people who received job opportunities from the MNCs will be negatively affected. if the MNC decides to relocate back and to another country, to save money, their pay may get deducted or they might get laid off.

Jun Xiong

2024-03-01 04:36:53 UTC

MNCs may relocate their operations to other countries to save costs or access expertise available elsewhere. When this happens, individuals who are employed in these operations may lose their jobs.

Chin Zhe

2024-03-01 04:36:56 UTC

Advancements in technology may cause some types of jobs to be automated as machines are increasingly used to perform work. Thus, individuals working in these types of jobs may lose their jobs

Megan & Lois

2024-03-01 04:37:03 UTC

MNCs may consider relocating their location to other countries to save costs or access expertise available elsewhere. When this happens, individuals who are employed in these companies may lose their jon. For e.g. Panasonic company were forced to retract 700 employees. Due to this, many Singaporean citizens have lost their jobs.

natalie

2024-03-01 04:37:38 UTC

MNCs relocate to other countries--> employers lose their jobs as they wont migrate. No job --> low income --> economically affected

Karyn poh poh poh

2024-03-01 04:37:54 UTC

MNCs may relocate their operations to other countries to save costs or access expertise available elsewhere. When this happens, individuals who are employed in these operations may lose their jobs.

Advancements in Technology may cause some type of jobs to be automated as machines are increasingly used to perform work. Thus, individuals who are employed in these types of jobs may lose their jobs.

Syaura

2024-03-01 04:38:53 UTC

Advancement in technology would make the workers obsolete thus they would get replaced by higher efficiency machines

muyan

2024-03-01 04:39:48 UTC

globalisation can take away resources from local workers

Isaac

2024-03-01 04:41:24 UTC

When MNC’s decide to pull out of economically weaker countries, this further increases unemployment rates and weakens the local economy.

In resource 1, we can see how Panasonic would smartly wish to move away from Singapore due to better prospects in Malaysia, however we can also see how this affected the blue collar workers. As more and more large companies choose to do this, retrenchment rates will only increase

yx

2024-03-01 04:45:07 UTC

have many skills and learn to use the internet

Ruth

2024-03-01 04:45:23 UTC

Use skillsfuture to upskill myself

jOsHuuuUAAAAAaaaaAaAAAa a a a

low_jun_yang_joshua — 2024-03-01 04:46:50 UTC

to equip ourselves with a variety of skills and abilities that way we can take up a multitude of jobs in the near future