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Globalization.docx
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I. Vocabulary

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

the land of laissez-faire; to get congested; a cartel; to garrote one’s business; business folk; tax code; to be repulsively complex; lucrative loopholes; a consultancy; indirect costs; to bear no relation to smth; to suffer harm; to apply common sense; property rights; to stifle innovation; medium-sized firms; a short record in office; to harness private firms; to be unionized; government-appointed arbitrator; articulate union man; entrepreneur and executive; impartial observers; to register property; to rank near the top; labour-market efficiency; absolute market size; to yes smb to death; search for unmet desires; to spend copiously on research and development; to outsource technical work to; trade deficit; to give due credit for smth; to work arm in arm with industry; to snap up; to invest oodles of money; productivity growth;

B. Find in the text English equivalents for:

Бюрократия (волокита); бессмысленные законы; налог на прибыль; зд. существенные трудности (препятствия); составлять в среднем; ярый противник уплаты налогов; мастерски вести хитроумную тяжбу с тем, у кого есть деньги; выкупать патенты; зарегистрироваться на фондовой бирже; требование публикации финансовой отчетности акционерных компаний; контролировать значительное число банков и сектор автомобильной промышленности; домовладелец, плохо говорящий по-английски; бюрократические препоны; занимать первое место по…; «доводить до ума» товары; зд. вкладывать денежные средства (осваивать денежные средства); расходы на научные исследования и разработки вырастут на 3%; уметь превращать «научное сырье» в ликвидный товар; новоявленные компании получают поддержку и помощь венчурных инвесторов; превращать идеи в доходы;

II. Answer the questions:

  1. Is the statement about the USA being the territory of free capitalism always applicable?

  2. How does bureaucracy hamper business? What examples are given in the text?

  3. Can all rules be called pointless?

  4. Enumerate the main hindrances businessmen encounter.

  5. Why was it proposed to simplify the tax code?

  6. What are the main complaints about the legal system?

  7. Who are patent trolls?

  8. Why can’t some businessmen take their firms public?

  9. What concerns are linked to the new Administration?

  10. What is the essence of the Employee Free Choice Act?

  11. Do companies profit from being unionized?

  12. Is the USA a good place for making money? Why?

  13. Is there any link between market size and innovation?

  14. What does the author mean by calling the Americans “venturesome”?

  15. How do innovations come?

  16. How can motto of American customers be formulated? Is there any link between this motto and way of conducting business? Discuss.

  17. Did economic meltdown tell on R&D?

  18. Is merely spending on innovation enough to remain on top?

  19. What are the drawbacks of rankings?

  20. What is one of the mail glories of American capitalism?

  21. How do you understand the heading? Give your commentary

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