Unit 10 developing global business

Learning objectives By the end of the unit you will be able to: speak on the influence of globalisation on different aspects of life describe economic performance of multinational companies speculate on fair trade movement assess the advantages and disadvantages of globalisation

Vocabulary development

Investigate the idea of globalisation какпишем?

1. Complete the following chart. Use dictionaries if needed.

Part of Speech	Words	Meaning	Translation
Verb	globalise	to make a company or a system spread or operate internationally	...
Noun	globalisation	…	глобализация
	globalism	the idea that event in one country can not be separated from those in another and that government should therefore consider the effects of its action in other countries as well as its own	...
Person	globalist	...	глобалист
Adjective	global	…	мировой

2. Read and translate the following word combinations.

Global search, globetrotter, global village, global warming, global plan, global crises, global wealth.

3. Read and translate the sentences.

1) We must take advantages of the increased globalisation of the economy trading business.

2) Anti-globalists say that global companies create unfair competition, reduce consumer choice, and destroy national culture.

3) As economy develops, it will continue to globalise.

4) The President said that technology and his energy plans would help us to confront the serious challenge of global climate change.

5) This report gives a global picture of the company’s finances.

6) The firm made it bid to global by taking over a leading American electronic distributor.

7) The globalisation of politics coincided with the use of US political consultants by western democracies.

8) She became something of a globetrotter attending conferences all over the world.

9) As citizens of the global village we can not ignore our obligation to others.

10) Analists predict that government-controlled bonds will own around 10% of global wealth over the next decade.

Verbs give you power

1.Match the following verbs and nouns.

1) enter 2) facilitate 3) witness 4) yield 5) hamper 6) establish 7) initiate 8) lay down

a) exchange b) trade c) travel d) economy e) creation f) framework g) recession h) resources

2. Fill in the gaps in the following sentences with the word combinations given above in a proper form.

1) After the World War II the world … …of some international institutions to supervise the process of globalisation.

2) In the 21^st century much of the industrialised world … into a deep … .

3) The abolition of obstacle … … between countries may … … for international commerce and finance.

4) One of the advantages of globalisation is that it … … to different places.

5) The Boulogne Convention … … of students between countries.

6) The development of virgin and disused lands … … to the country.