2. Find and translate sentences with these phrases:

to rely on three forces for development; the issues and perceived effects of globalization; an extremely complex web; rapid growth in international trade and investment; to earn the greatest return on investment; to be one of the most hotly-debated topics; to generate significant international opposition over smth; to increase inequality and environmental degradation; competitive edge in industry and agriculture; the current wave of globalization; free-market economic systems; a defining feature; standard of living.

3. Give Russian equivalents:

to adopt free-market economic systems; to take advantage of new opportunities; a defining feature of globalization; integration of financial markets; worldwide financial markets; external financing; transitional regulatory regime; cross-boundary water and air pollution; movement of goods between and within national boundaries; the instability of the global financial infrastructure; to be based on the freedom of exchange of goods and capital; a creation of a world government; to have enough wealth to rival smb.; the position of leading world power; increased availability of telephone and Internet; to be solved with international cooperation.

4. Match lines in both columns to make word partnerships:

A	B
significant environmental competitive hotly-debated cross-boundary water and air global increased remote major global financial borderless extremely complex rapid current productive free-market economic defining human national	topics degradation locations opposition edge world web potential systems feature infrastructure pollution availability wave of globalization relocation challenges boundaries growth migration

5. Fill in the gaps with prepositions where necessary:

to be propelled ___ increased trade; to regard smth ___ terms of black and white; growth ___ international trade and investment; to be solved ___ individual acting alone; to take advantage ___ new opportunities; to rely ___ three forces for development; access ___ a range of foreign products; to regulate the relationships ___ governments; to grow ___ the rate projected ___ the trends; to rival smb ___ the position; increase ___ information flow; to generate opposition ___ smth.; to reduce ___ the costs of trade; return ___ investment; restrictions ___ free trade; to confront ___ the world; to be driven ___ policies; to adapt ___ the change; advances ___ technology; sharing ___ cultures.

6. Make up questions based on the text. Use the following phrases:

the gold standard crisis, to be coined, a series of agreements, to be driven by policies, to contain an economic collapse, to remove restrictions, to experience tremendous growth, to regulate the relationships among governments, to rival smb for the position of leading world power, the interconnectedness of markets.

7. Check your partner’s knowledge of the vocabulary:

A

realization of a global common market the rights arising from social globalization to enjoy the position of power among the world powers to grow at the rate projected by the trends a major relocation of power transitional regulatory regime to remove restrictions on free trade to contain an economic collapse access to foreign products for consumers the advent of fiber optic communications emergence of worldwide production markets competitive edge in industry to increase inequality and environmental degradation

B

осмысление глобального общего рынка права, проистекающие из социальной глобализации обладать позицией силы среди мировых держав расти в соответствии с предполагаемыми тенденциями основное перераспределение власти переходный регуляторный режим убрать ограничения для свободной торговли сдерживать экономический крах доступ потребителей к зарубежной продукции наступление эпохи волоконной оптики появление всемирных рынков производства конкурентное преимущество в промышленности увеличить неравенство и ухудшение окружающей среды