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Globalization.docx
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I. Vocabulary

A. Translate the following words and word combinations into Russian:

Sluggish; redundant [workers]; beckhamesque bonanza; to create unparalleled prosperity; global labour force; the lot of humanity; incalculably; to fall to historic lows; the top hundredth (thousandth); the lion's share; stagnant wages; the summit of society; to lump all the blame on; middling wages; to outpace; to retort; to boost; to pay claims; to see off the threat; company boards; to dole out; self-defeating; to be scattered throughout the world; embattled industries; to be in one’s narrow interest; to meet with retaliation; to buy middle-class support for smth; disparity; overall prosperity; compelling evidence; to offset; comparative advantage; to buy people off smth (doing smth); to risk an awful lot; to beef up assistance

В. Find in the text English equivalents for:

Выходное пособие (2 варианта); получить возможность спастись от бедности и нищеты (создать условия для борьбы с…); снижение издержек производства; "бумеранг", ответная реакция на какое-то политическое решение, действие; попасть в затруднительное положение; гремучая смесь; резко увеличивающиеся доходы; разделить вину между чем-либо и чем-либо за что-либо (например, высокими технологиями и глобализацией); в общем и целом; создавать простор (возможность) для…; как бы жестоко это не звучало; сезон охоты; движимый идеей равенства

II. Answer the questions:

  1. Is there anything that threatens globalization? Do you share these anxieties?

  2. What does the situation described in the first paragraph illustrate?

  3. How does the situation with wages stand now? Are they equal for everybody? Has the situation always been the same?

  4. What contributes to prosperity and wealth?

  5. Does everyone enjoy prosperity?

  6. What examples of protectionism are given in the text? Why do people what protection from foreign competition? Does, in your judgement, this do more good or harm?

  7. How would you answer the following questions: “If globalization depends upon voters who, as workers, no longer think they gain from it, how long before democracies start to put up barriers to trade? If all the riches go to the summit of society and that summit seems beyond everybody else's reach, are the wealth-creators under threat?

  8. Who is to blame for inequality?

  9. Who is responsible for the contradiction between capital and labour? What are the main points of view? Whose stance seems more reasonable for you?

  10. It isn’t easy to divide blame between technology and globalization, is it? Why?

  11. What are the reasons for high executive pay? Do you agree with the arguments given in the text?

  12. Why is it difficult to help victims of trade? What way out would you propose? Discuss.

  13. Should changes be necessarily accompanied by pain and suffering? Discuss.

  14. Can introduction of trade barriers facilitate the situation?

  15. Can protection in the sphere of tax system be of help?

  16. Would you agree that “a mobile society is better than an equal one”? Give any examples to support your viewpoint.

  17. What does the “social contract” stand for?

  18. Is there any sense in using taxes for buying people off voting for protectionism?

  19. What are the ways to ease the impact of globalization?

  20. Is it necessary to protect globalization? Why? Discuss.

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