Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
Globalization.docx
Скачиваний:
0
Добавлен:
01.07.2025
Размер:
578.6 Кб
Скачать

I. Vocabulary

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

the long-run value; a fond saying; to decry; all-time high (low); worrying parallels; a reserve currency; value against the basket; to lend an air of crisis; depreciating dollar assets; to switch reserves into another currency; a burst of high inflation; to weather; to dump dollars; a reason to fret; the shortfall; bonds; stocks; subprime mortgages; housing downturn;; interest-rate cuts; top-notch; basket of currencies; to bode well for smb; near-monopoly; international means of exchange; the euro area; to make inroads into; breakup of the euro; irredeemably weak; to be weaned off the dollar; dollar-peggers; a dollar rout; to spurn the chance; conventional benchmarks; if anything; to hold fast; dumping dollars; portfolio managers; currencies often overshoot; straws in the wind;

B. Find in the text English equivalents for:

Спекулятивные продажи доллара; быть на грани исчезновения; раздутые мировые валютные резервы; запасы иностранной валюты -; статус резервной валюты; вызвать резкое падение стоимости валюты; дефицит счета текущих операций; отравлять рынок кредитования; отказаться от привязки валюты своей страны к курсу доллара; привязка к доллару; перестать занимать лидирующее положение (перестать играть ведущую роль); цена на товары устанавливается в долларах; конкурирующее воздействие спроса и предложения; валюта сделки; подкреплять уверенность; рынки ликвидного капитала; поделить влияние; привязывать валюту своей страны к доллару; Америка, напуганная кризисом; раболепно подражать; паритет покупательной способности; торговый баланс; скорректировать дисбаланс; рынок иностранной валюты;

II. Answer the questions:

  1. How did Mahmoud Ahmadinejad call the dollar?

  2. What does America’s currency suffer from?

  3. Is it possible to assert that the dollar is on its way out?

  4. What are the worrying signals of the dollar’s decline?

  5. Is this the first time the dollar starts to fall?

  6. Did the dollar manage to overcome those crises?

  7. Does the contemporary challenge differ from the previous ones?

  8. How does America’s need of overseas funding tell on the situation?

  9. Is there anything new in such vulnerabilities?

  10. Does the crisis in the USA aggravate the situation?

  11. What does the fear of supplanting the dollar based on?

  12. What kind of “network effect” does the author speak about?

  13. Is there any difference between “international means of exchange” and “a reserve currency”?

  14. What reserve currency did the world have prior WWI?

  15. What currencies might substitute the dollar?

  16. When was the euro introduced?

  17. What are the strong and weak sides of the euro?

  18. Can the peg be easily abandoned?

  19. Is the dollar rout avoidable? Speak on behalf of an optimist.

  20. What do pessimists think?

  21. Can the dollar’s decline slow?

III. Comment on the following quotations:

  • It says something about this new global economy that “USA Today” now reports every morning on the day’s events in Asian markets. (Larry Summers)

  • Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy. (John W.Snow)

  • “We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much” (Ronald Reagan)

  • A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation. (Ross Perot)

  • America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner. (Jo Alan Emerson)

Соседние файлы в предмете [НЕСОРТИРОВАННОЕ]