dat nuoc hoc American Economy

labor Convert natural resources into goods - Available worker and productivity: help determine the health of an economy - labor mobility - labor-force quality  American labor market has[r]

Economy of the United

States

 GDP : GDP $14.441 trillion (2008)

GDP growth0.4% (2008) GDP per capita$47,422 (2008) ( 10th )

GDP by sector agriculture (0.9%), industry (20.6%), services (78.5%)

 Main industries : petroleum , steel ,

motor vehicles , aerospace , telecommunications , chemicals , creative industries , electronics ,

food processing , lumber , mining , defense

 Main export partners : Canada , 21.4%;

Mexico , 11.7%; China , 5.6%; Japan , 5.4%;

Germany 4.3%; United Kingdom , 4.1%

 Main import partners : China , 16.9%; Canada , 15.7%; Mexico , 10.6%; Japan , 7.4%;

Germany , 7.4%.

Basic ingredient of the U.S

economy

Changes over times

THE AMERICAN ECONOMY

CONTENT

The free enterprise system

The stock market

Additional shipping access

Extensive coastline

AMERICAN ECONOMY

- mineral resources

- mobility

- productivity

- fertile farm soil

- moderate climate

- Labor force quality

- Extensive coastline

- Available workers

- additional shipping access

Natural resources

labor

Put the phrases above into the suitable columns

Natural resources labor

- Rich in mineral resources and fertile farm soil

- A moderate climate

- Extensive coastline on both the

Atlantic and Pacific, as well as on the Gulf of Mexico.

- Rivers flow from far within the

continent and the Great Lake provide

additional shipping access These

extensive waterways have helped

Natural Resources

Labor force : 155 million (includes

unemployed) (2008)

Labor force by occupation:

- managerial and professional (35.5%),

- technical, sales and administrative support

labor

 Convert natural resources into goods

- Available worker and productivity: help

determine the health of an economy

- labor mobility

- labor-force quality

 American labor market has attracted

immigrants from all over the world and has one of the world’ s higest migration rates

labor

1.the quality of available worker

 how hard people are willing to work and how skilled they are

-hard working is known as the Protestant work ethic

-a strong emphasis on education, including technical and vocational training

 Contribute to America's economic success

2.labor mobility

 It has been important to the capacity of the American economy to adapt to changing

conditions

 Ex: when immigrants flooded labor markets

on the east coast, many workers moved

inland, often to farmland waiting to be tilled

3.labor force quality

 Government leaders and business officials

increasingly stress the importance of

education and training to develop workers

with the kind of nimble minds and adaptable skills

 But natural resources and labor account for only part of an economic system

 These resources must be organized and

directed as efficiently as possible

 Chief excutive : tổng thống

 Boardroom :phòng họp ban điều hành

 Foreman: viên quản đốc

 Systematic analysis: sự phân tích có hệ thống

 Hierarchy (n) tính thứ bậc

 Inhibit (v) kiềm hãm

 Interdisciplinary (a) thuộc nhiều lãnh vực

Traditional managerial structure (based on a top-down chain of

command)

various lower levels

of management

Foreman (on the shop floor)

Chief excutive (in the boardroom)

make sure that the entire business runs smoothly and efficiently

coordinating different parts of the enterprise

This specialization or division of labor is called “ scientific management”

Why American businesses seek more flexible organization structures,

especially in high-technology

industries?

 Disadvantages of traditional structure:

excessive hierarchy and division of labor

have inhibited the creativity

 Facing heightened global competition

So they are seeking another structure that employ skilled workers and must develop,

modify, and even customize products rapidly

by reducing the number of managers and

What makes American economy develop

rapidly?

 1 Vast natural resources, vast areas of highly

productive farmlands

 2 Vast labor resources

 3 A large unified markets

 4 A supportive political legal system

What are corporations?

an effective device

for accumula ting the funds

have financial resources

corporations

a voluntary

association

of owners

Where are corporations able

to have necessary capital?

 - by selling stock or bonds to insurance

companies, banks, pension funds,

individuals, and other investors

 - some institutions, especially banks also lend money directly to corporations or other

business enterprises

 Federal and state government have

developed detailed rules and regulations to

ensure the safety and soundness of this

financial system and to foster the free flow of

information so investors can make

well-informed decisions

 The U.S economy is based on the free

exceeded imports by nearly two

to one

helped stimulate industry,

industrialization transformed the country

grew

rapidly

had the greatest productive capacity of any country in the

world

economic growth began to slow down

By the end of

WW II

mid 1970s

•There had been a shift from agriculture to industry

and now from industry to services

 Matching the time from column A to the

suitable sentences in column B

1 the second half of the last century

a the U.S was a mainly agricultural nation

b agricultural exports exceeded imports

by nearly two to one

c had the greatest productive capacity

of any country in the world

d grew rapid

e helped stimulate industry, industrialization transformed the country economic growth

f began to slow down

It is a public market for trading of company stock and derivatives at an agreed price

Stock market = stock exchange

What is the stock market?

Stock market

 Entrepreneur (n) nhà thầu khoán

 Bond (n) công trái

 Transaction (n) sự giao dịch

 Periodic (a) tính chu kì

 Dividend (n) tiền lời

 The stock markets are very busy everyday except for weekends and holidays.

 In general, prices for shares of stock are

rather low but Americans of modest means still buy and sell shares

 There is no guarantee that the business

behind the stock will perform well

But they still buy and sell shares

There are some reasons

 1.in hopes of making profits in the form of periodic stock dividends

 2.they also hope that the price of the stock will go up over time, so that in selling their shares will make an additional profit

New York City , New

York, USA It is the

largest stock exchange

in the world by United States dollar value of

 1 Why Americans take part in stock market?

 2 When did Vietnamese stock market begin

to work?

A large

country

A leading producer of

fuel

Faces some major economic challenges

A major consumer of resources

A leading producer of many minerals

AMERICA

N

International

trade is important

Increasing

Can you tell me about some major economic

challenges of the U.S?