Ex.4. Fill in the gaps with appropriate prepositions or adverbs.

1. Many governments have adopted free-market economic systems, _____ increasing their own productive potential and creating new opportunities ___ international trade and investment.

2. Ford has been gaining market share this year ____the expense of GM and some Japanese car manufacturers.

3. The Immigration and Nationality Law Committee is concerned ___all aspects of immigration and nationality law ____a worldwide basis, including business-related immigration, family reunion policies, refugees and compassionate cases.

4. Natural gas, ____particular, has increased ____ price during the past year.

5. Undeniably, much of the resistance ____globalization today cannot be understood apart____its use of the new technologies associated ___the Internet.

6. The only way they can bring about political change is by putting pressure ___the country.

7. Both sides have benefited _____the talks.

8. A university degree may give one an advantage _____getting a job.

9. The government's policies of divide and rule have only contributed ___the volatility of the region.

10. This will force ____the good people from the industry and leave the useless incompetents.

Ex.5. Choose the appropriate word or phrase to complete the following sentences.

Economic globalization,investment,stan­dards of living, economies of scale,multinational corporation,international trade,corporation tax,outsourcing,comparative advantage, globalization

1. Although there is no one precise definition, the term ________________ usually refers to the increased flow of trade, people, investment, technology, culture and ideas among countries.

2. To benefit from trade, countries specialize in produc­ing products where they have a ________________.

3. ________________provides consumers with a wider variety of goods and services.

4. Investment in factories, machinery, new technology, and the health, education, and training of people can raise future ________________.

5. ________________across international borders, sometimes called offshoring, occurs when a firm tries to reduce costs by locating production facilities in other countries and hiring cheaper foreign workers.

6. ________________means that goods and services, capital, and labour are traded on a worldwide basis, and information and the results of research flow readily between countries.

7. ________________is an enterprise operating in several countries but managed from one (home) country.

8. Specialization of production enables firms to benefit fromeconomies of scale.

9. Multinational companies, can set up offices in countries with very low rates of corporation tax and then funnel their profits through these subsidiaries.

10. He hoped this strategy would attract foreign investment by multinationals

Ex.6. Answer the following questions.

1. What is globalization?

2. How new is globalization?

3. What has led to increased globalization?

4. What are some positive effects of globalization?

5. What are the benefits of globalization for the average person?

6. What are some negative effects of globalization?

7. What are the drawbacks of globalization for the average person?

8. What are some effects of multinational businesses?

9. How are globalization and migration related?

10. What are some of the issues involved with outsourcing jobs?

11. What is the future of globalization?

12. What do you think of globalisation?

13. What concept do you think will come after globalization?