3. Match the highlighted words and phrases in the taxt with the definitions (1-8).

1 what a company pays for its workers ________________________________

2 the type of money used in another country or market ___________________

3 the value of one currency compared to another ________________________

4 smaller companies that are part of a larger company ____________________

5 companies that operate in more than one country ______________________

6 things produced in your country and sold in other countries ______________

7 places abroad where you can sell your products ________________________

8 things produces in other countries and sold in your country _______________

4. Look at the word map for the verb compete. Make similar word maps for these words: produce, employ, operate.

5. Work in pairs. You work for a multinational company. You are looking for a new overseas market to manufacture and sell your product in. Look at this information about two possible international markets. Discuss which market seems better, A or B.

	Market A	Market B
Competition from other exporters	high	medium
Exchange rates	stables	rising
Labour costs	$$$	$
Personal income of the population	$$$$$	$$

6. Use newspapers, magazine articles or the Internet to find out about a multinational company that interests you. Find out what it makes, what are its main markets, and where its subsidiaries are. Prepare a short talk.

7. Read the text. Match the paragraphs (1-5) with the headings (a-e).

a) What is International trade?

b) A great opportunity of trading.

c) The everyday effect of international trade.

d) Pro and contra global free trade

e) Advantages of international trade

(1)___If you walk into a supermarket and are able to buy South American bananas, Brazilian coffee and a bottle of South African wine, you are experiencing the effects of international trade.

(2)___International trade allows us to expand our markets for both goods and services that otherwise may not have been available to us. It is the reason why you can pick between a Japanese, German and American car. As a result of international trade, the market contains greater competition and therefore more competitive prices, which bring a cheaper product home to the consumer.

(3)___International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Political change in Asia, for example, could result in an increase in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an increase in the price that you have to pay to buy the tennis shoes at your local mall. A decrease in the cost of labor, on the other hand, would result in you having to pay less for your new shoes.

(4)___Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country's current account in the balance of payments.

(5)___As it opens up the opportunity for specialization and therefore more efficient use of resources, international trade has potential to maximize a country's capacity to produce and acquire goods. Opponents of global free trade have argued, however, that international trade still allows for inefficiencies that leave developing nations compromised. What is certain is that the global economy is in a state of continual change and, as it develops, so too must all of its participants.

GRAMMAR REVIEW

Comparatives

8. Write the two degrees of the following words:

cheap _______________ difficult _________ high _____________

expensive ____________ important ________ low ______________

short ________________ strong ___________ small _____________

long ________________ weak____________ prosperous _________

9. Use the comparative degrees and translate the text into Russian.

Tests have shown that car X is (reliable) than car Y in every respect.

The engine is (efficient), the bodywork is (solidly) built and the running costs are considerably (low).

On average, car X will go 20 kilometres per litre and this makes it slightly (economical) than car Y, which averages 19.2 kpl.

10. Translate into Russian.

1 This is a much more prosperous country.

2 The most expensive isn't always better.

3 The prices for oil are now a little bit higher.

4 I like this tour much less, and you?

5 This airport is much bigger, isn't it?

11. Look at the chart and read what the presenter says about Hyundai. The presenter makes three mistakes. Find the mistakes and correct them.

Sales of imported cars in the USA 1992 – 1996 (in thousands)

	1992	1993	1994	1995	1996
Hyundai	91,56	93,38	124,91	107,37	108,47
Mercedes-Benz	63,32	61,9	73	76,75	90,84
Nissan	273,38	232,8	224,17	220,37	191,49
Volvo	67,92	72,96	81,79	88,51	88,58

Work in pairs. Take turns making sentences using the information in the chart above, e.g.

Hyundai sold more cars than Volvo in 1992.

Volvo's sales were higher than Mercedes-Benz's in 1993.

1996 was Mercedes-Benz's best year for import sales.

Nissan's import sales were lowest in 1996.

Choose a different company from the chart above. Tell the group about the company's sales import figures for 1992-1996. Compare the performance of the company you choose with the other companies.

Passives