What is the Impact of Globalisation and its Responses?

What is the Impact of Globalisation and its Responses?

You have learnt that improvements in technology and MNCs have led to globalisation. Now you will learn the impact of globalisation and the possible reponses to the impact.

Impact on the Economy - Opportunities

• Globalisation results in increased economic opportunities.

• Such as investments, trade and employment

Example of economic opportunities

In 1960s and 1970s, the government of Singapore attracted foreign investors to locate their companies in Singapore. This created jobs for Singaporeans.

In 1969, Texas Instruments opened a factory at the Kallang Basin Industrial Estate and hired most of its labour from Singapore. This provided employment for many locals.

Singapore workers in the Texas Instruments factory at the Kallang Basin Industrial Estate

Quiz time!

Get ready for 1 question!

Multiple Choice

How does employing Singapore workers by MNCs benefit Singapore?

• Increased income for Singaporeans.

• Better quality of life for Singaporeans such as better housing, healthcare and education.

• Government is able to tax the MNCs and the workers. The taxes can then be used by government to spend on education, healthcare and transportation.

• All options are benefits of employing Singapore workers.

Impact on the Economy - Challenges

• Previously, you learnt how globalisation can lead to economic opportunities.

• However, globalisation can also bring about challenges.

• When countries are interconnected, economic difficulties in one country can affect the economies of other countries.

Country A manufactures cars. It buys enginers, tyres and headlights form suppliers in Countries B, C and D.

What can an individual do when he/she is facing economic challenges? Watch a video to find out.

Role Play Time

One of you will act as the boss and one of you will act as Joe.

Both of you will read from a script and the subtitles will be shown on the screen.

Boss: Come in Joe!

Boss: Joe, I know you have been working hard for me in the last 15 years. Unfortunately I have some bad news for you.

Joe: What do you mean, Sir???

Boss: Recently, our company has not been doing very well. Our profits have not been able to keep us afloat.

Boss: People need less telemarketers and customer service agents. They have better technology to do the job, and we cannot afford it anymore.

Boss: This means I have to let you go.

You will get 2 months of your current pay as compensation.

Joe: What should I do now???

THANK YOU ACTORS/ACTRESS!

Quiz time!

Get ready to answer 1 question!

Multiple Choice

What should Joe do now?

• 1. Go for skills upgrading.

• 2. Look a similar job.

• 3. Apply for financial assistance.

• 4. Do nothing and stay at home.

Watch the next video to find out why your choice is correct / wrong!

Read about how Professional Conversion Programme helped Mr John Chew adapt to his new job after he was retrenched.

In June 2019, Mr John Chew, who worked as an engineer in an MNC in the oil and gas sector, received news that he would be retrenched because his company decided to move to a cheaper country.

Losing his job at 55 was not the easiest news for Mr Chew to accept. His wife is now the main income provider and they have to cut down on non-essential activities, such as eating out and going overseas holidays. Instead of becoming frustrated and upset, Mr Chew decided to think positively and be open to different job opportunities.

A few months into his job search, he came across a job opening in the electronics sector. Mr Chew applied for it even though he do not have the relevant qualifications or work experience.

During the interview, the company saw that he is willing to learn and adapt and decided to hire him as their electronics engineer.

However, to take on his new role, Mr Chew needs to undergo training to pick up new skills. His new employer decided to use the Workforce Singapore's Professional Conversion Programme, which provided Mr Chew with structured classroom training and on-the-job training that allowed him to learn the new skills in a short period of time.

Quiz time!

Get ready to answer 2 questions!

Multiple Choice

What personal qualities did Mr Chew display that allowed him to overcome the challenge of losing his job?

• Resilience

• Adaptability

• Willingness to learn

• All of the above

Multiple Choice

How can the Professional Conversion Programme help workers such as Mr Chew adapt to jobs in new sectors?

• It provided structured classroom training.

• It provided on-the-job-training.

• Both are incorrect.

• Both are correct.

IMPACT ON CULTURE

Now let's look at how globalisation has impacted culture

Impact on culture

Thanks to globalisation, people around the world can experience the Korean Wave, or Hallyu.

Impact on culture

Can be seen in television drams, popular music, food, fashion, language and computer games.

Did you know?

Thanks to globalisation, local supermarkets such as NTUC carry a wide selection of South Korean food in their stores.

However....

Globalisation also has negative effect on culture

Negative cultural impact

Due to Internet, popular music from the West and K-pop has resulted in fewer people listening to traditional music.

Negative cultural impact

To preserve and encourage traditional music, the ASEAN committee on Culture and Information (COCI) was formed in 1978.

Quiz time

Get ready!

Multiple Choice

What factors resulting in globalisation?

• Improvement in technology

• Improvement in digital technology

• Growth of MNCs

• All are correct

Multiple Choice

Which one of the following is an example of improvement in technology?

• Singaporeans listen to traditional songs.

• It takes only 14 hours to reach London from Singapore now.

• it takes 4 days to reach London from Singapore in 1970s.

• Singaporeans study in a school.

Multiple Choice

How does MNCs such as Shopee contribute to globalisation?

• It ships its goods worldwide.

• It has offices and branches in different countries.

• It hires workers all over the world.

• All are correct.

Multiple Choice

How does globalisation benefit people economically?

• It creates culture awareness.

• It allows people to listen to K-pop from another country.

• It allows more people to be employed.

• It allows information to be spread faster and easily.

Multiple Choice

Why does globalisation lead to a better quality of life?

• People have increased income.

• People are able to afford housing.

• People are able to afford healthcare and education.

• All of the above result in better quality of life.

Multiple Choice

What happens when one country is facing economic crisis?

• It will affect other countries economically.

• Nothing will happen to other countries.

• Other countries will continue to prosper.

Multiple Choice

If you are in your 50s and you just got retrenched in Singapore, what is the BEST option?

• Apply another job with similar skill set.

• Apply for financial assistance.

• Go for skills upgrading programme.

• Do nothing and stay at home.

Multiple Choice

How has globalisation benefited people in Singapore?

• We are able to listen to K-pop songs.

• We are able to visit Daiso.

• We are able to shop in IKEA.

• All are benefits.

Multiple Choice

What will happen if Singaporeans listen to too much K-pop songs?

• They will become good in Korean language.

• They will become Korean.

• They will migrate to Korea.

• They will forget their roots and traditional songs.