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Lesson 10

Text: Ukraine’s Economy.

Grammar:The Infinitive and Its Constructions.

Vocabulary Words

manganese(n)

марганець

mercury(n)

ртуть

plain (n)

долина

topsoil (n)

верхній шар грунту

treasure (n)

скарб

moderate (adj)

помірний

sediments (n)

опади

allow for (v)

дозволяти

reorient (v)

реорієнтувати

vessel (n)

судно

mine(n)

шахта

confront (v)

протистояти

requirement (n)

потреба

pursue (v)

переслідувати, іти

income (n)

прибуток

expenditure (n)

витрати

external (adj)

internal (adj)

зовнішній

внутрішний

inefficient (adj)

неефективний, нездатний

introduce (v)

вводити, представляти

enterptise (n)

підприємство

substitution (n)

заміна

reduce (v)

зменшувати

consumption (n)

споживання

eliminate (v)

усувати

attract (v)

приваблювати

implement (v)

виконувати, здійснювати

ability (n)

здатність, здібність

obvious (adj)

явний

Word-combinations

to satisfy needs

задовольняти потреби

considerable progress

значний прогрес

price and wage control

контроль за цінами та

заробітною платнею

mining industry

гірнича промисловість

Read and translate the text.

Ukraine’s Economy

Ukraine is considered to be rich in mineral resources. It completely satisfies its needs in iron, manganese and titanium ore, as well as in rock salt, cement, gypsum, graphite, mercury and uranium.

Steppes and plains compose the most part of the territory of Ukraine (95%). The topsoils are mainly black. They are regarded to be the biggest treasure of the Ukrainian land. Twenty five percent of the world’s black rich soils are in Ukraine. Ukraine’s climate is mainly moderately continental, and the sediments are 300-600 millimeters. All these factors allow for considerable progress in agricultural production, especially after our agriculture is reoriented towards the market economy.

Because of its potential Ukraine is thought to be an industrial-agricultural country. Its machine-building potential includes tractors and other agricultural machines, production of diesel locomotives and railroad cars, automobiles, rockets, sea and river vessels, refrigerators, TV-sets, electric motors, equipment for metallurgic, chemical, mining and textile industries.

Since its independence Ukraine has confronted economic problems.

It is necessary to reconstruct our economy and transfer it to market relations.

Some of the main requirements are:

  • to pursue a macroeconomic policy which will balance

government income against expenditure;

  • to close down inefficient enterprises and to invest in new industries;

  • to introduce a coherent program of privatization;

  • to stimulate export;

  • to reduce import as far as possible and to develop import

substitution industries;

  • to introduce gradually free market mechanisms which will

eliminate the need for price and wage control;

  • to reduce further total energy consumption;

  • to attract western investments;

  • to educate a new generation of managers who will be able

to implement coherent market reforms at all levels.

It is obvious that Ukraine needs external assistance to solve its internal problems.