In this Business English News lesson on the trend toward deglobalization, we look at business English vocabulary related to economics and global trade.
The past few years have been a very interesting time for the world economy. A pandemic has exposed the vulnerabilities of global supply chains. Geopolitical tensions around the world have intensified, stoking inflation. In response to these disruptive forces, we are seeing a new international dynamic emerge, as Shroders reports:
A decades-long process of globalization is coming to an end as the world becomes more protectionist, favoring opportunities closer to home. Multinational corporations are diversifying where they produce goods and relocating closer to home. This trend represents backtracking from the globalized model of extended supply chains that have defined international trade in the past few decades.
Many saw globalization as an unassailable model for economic development, one that brought universal benefits. And there are many who see deglobalization, as it’s being called, as either regressive or bad for business. But the cracks in the globalized economy are evident.
Free Resources: PDF Transcript | Quizzes | Lesson ModuleDownload: Podcast MP3>>> The post Business English News 56 – Deglobalization first appeared on Business English Pod :: Learn Business English Online.
BEP 407 – Financial English 5: Comparing Opportunities
BEP 406 – Financial English 4: Pitching a New Opportunity
BEP 34c – Clarifying and Confirming What Was Said
Skills 360 – What is DEI: Diversity, Equity and Inclusion
Skills 360 – What is ESG: Environmental, Social and Governance
BEP 405 – English Idioms about Animals (2)
BEP 404 – English Idioms about Animals (1)
Business English News 55 – 2024 Global Economic Outlook
BEP 33c – Presentations: Summarizing and Call to Action
BEP 403 – Recruiting 2: Developing the Job Description
BEP 402 – Recruiting 1: Identifying Needs
Skills 360 – Managing Up 2: How to Manage Up
Skills 360 – Managing Up 1: Working with your Boss
BEP 401 – Socializing at Work 2: Deepening the Conversation
BEP 400 – Socializing with Colleagues 1: Meeting New People
BEP 31c – English for Meetings: Responding to Suggestions
Business English News 54 – Tech Takeovers
BEP 30c – English for Meetings: Making Suggestions
BEP 399 – English for Sales: Financial Services (3)
Create your
podcast in
minutes
It is Free
English as a Second Language (ESL) Podcast - Learn English Online
All Ears English Podcast
VOA Learning English Podcast - VOA Learning English
Learn English | EnglishClass101.com
BBC Learning English Drama