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Vocabulary List

I.

The World We Live In

Text a Modern World Economy

The world economy is increasingly becoming a single economic unit. Individual national economies are developing closer ties through trade, capital investment and financial institutions. The role of global business in world affairs is becoming more important. Multinational corporations spread their activities across national boundaries, the in­ternational banking system carries on banking activities throughout the world, financial and commodity markets have become world markets.

\\е(и6ыкн.pities)» —улы, связи capital investment - капиталовложения financial institution — финансовая ор­ганизация

multinational corporation — многона­циональная корпорация spread (spread, spread) v - распростра­ниться

carry on v — осуществлять, вести (дело) commodity market - товарный рынок share n — лоля, акция visible trade - «видимая» торговля involve v — включать, вовлекать balance of trade - торговый банане World Trade Organisation - Всемирная

торговая организация International Monetary Fund - Между­народный валютный фонд

14 Любимиеин

World Bank Group — Группа Мирового банка

liberalisation of trade - либерализация торговли

monetary cooperationсотрудничест­во в сфере валютных отношении

effect и — действие, влияние, воздей­ствие

have an effect - подействовать, оказать воздействие

price stability — стабильность цен

flow of capital - движение капитала

gap n - разрыв

prevent v—препятствовать, предотвра­щать

put an end — положить конец чему-л.

210

Unit 6

I. The World We Live in

211

Comprehension

Read Text A and give answers to the questions.

I. What trend in the development of world economy lias been observed lately? ?. How is global business developing'.'

  1. Do export and import of goods remain the most important activity for many countries?

  2. What is invisible trade?

  3. Wliat role do international organisations play in the modern world economy?

  4. What world problems have to be solved?

Grammar and Lexis

Ex. 1. Practise these words and word combinations, share Translate into Russian:

  1. We will all have a share in the profits.

  2. Share prices rose yesterday.

  1. Britain's share of world trade has declined.

  2. She owns shares in the business.

to involve

1. Translate into Russian:

  1. My studies at university involve a great deal of hard work.

  2. The students of our college are involved in the decision-making process, which gives them valuable experience for their future work.

  3. Buying shares involves some risk.

  4. His job involves collecting statistics.

  5. I'm involved in an interesting project now.

  1. Are any of the sentences true for you?

  2. Comment on 2) and 3).

effect, to have an effect

1. Translate into English:

  1. Наши доводы на него не подействовали.

  2. Его речь произвела на меня впечатление.

  1. Изменение условий жизни оказывает воздействие на здоровье че­ ловека.

  1. Принятие этого закона скажется на экономике страны.

  2. Конкуренция оказывает воздействие на цены.

2. Comment on 5).

Ex. 2. Bear out (подтвердите) the following statements using the information from Text A:

  1. The world economy is increasingly becoming a single economic unit.

  1. Over the last few decades export and import shares of output have in­ creased considerably in practically all industrial sectors.

  1. Nevertheless, serious economic and social challenges remain.

Ex. 3. a) Fill each gap with a suitable word from the box. h) Explain how a company niav go international.

investment

development

common

economic

population

enteiprises

jobs

critics

resources

one-sided

set up

way

civilisation