Keys to exercises. Globalization: key aspects

Unit I

GLOBALIZATION: KEY ASPECTS

Text I

■ Skimming

Ex. 1.

d)

■ Scanning

Ex. 2.

1) – t); 2) – f); 3) – t); 4) – f); 5) – f).

Ex. 3.

1) – c)

2) – e)

3) – b)

4) – a)

5) – d)

Ex. 4.

1) Gross Domestic Product

2) take advantage of market opportunities

3) increase in speed and scale

4) a superior competitive position

5) life expectancy

6) driven by technological innovation

7) market value of all finished goods and services

8) precipitated by the facilitation of global communications

9) Human Development Index

10) serve as a measure of a country's overall economic output

■ Vocabulary Study

Ex. 6.

1) – d)

2) – f)

3) – e)

4) – b)

5) – a)

Ex. 7.

1) – d)

2) – b)

3) – e)

4) – a)

5) – f)

Ex. 8.

1) current

2) literacy

3) engaged

4) raw

5) facilitation

Ex. 9.

1) – e)

2) – d)

3) – a)

4) – f)

5) – c)

6) – b)

Text II

■ Skimming

Ex. 1.

The main message of text A is to show the essence of a transnational company and its types. The main message of text B is to show the role of a manager in a multinational corporation.

■ Scanning

Ex. 2.

1)Sometimes it is above the GDP of some countries.

2) It should operate in more than one country.

3) A transnational corporation doesn’t identify itself with only one national home.

4) The development of the internet was the prerequisite to the appearance and growth of micro-multinationals.

5) A “mixed marriage” is the relations in multinationals.

6) Every manager should concentrate on operations from a worldwide perspective.

Ex. 3.

1) A multinational manages its business in more than one country.

2) The home country of a multinational houses its headquarters.

3) Host countries are used by multinationals for the location of subsidiaries.

4) The main sphere for micro-multinationals is software development/IT.

5) Doing business globally requires attention to the management of all levels.

6) Global business challenges in particular top managers.

■ Vocabulary Study

Ex. 5.

1) convergence

2) aspiration

3) excess

4) sustainability

5) reference

6) delivery

7) production/producer

8) execution/executive

9) contention

10) definition

Ex. 6.

1) – f)

2) – a)

3) – h)

4) – b)

5) – g)

6) – c)

7) – e)

8) – d)

Unit II

FREE TRADE

Text I

■ Skimming

Ex. 1.

b)

■ Scanning

Ex. 2.

1) to support work places in the country

2) wide/expanded network of suppliers

3) additional protection

4) hit by smth.

5) touching neighbouring countries

Ex. 3.

1) appeal

2) recession

3) simultaneously

4) epitomised by smth.

5) shift

6) domestic jobs

7) bulwark

8) emerging countries

Ex. 4.

1) 2 engines: trade and capital flows

2) rich countries

3) boosting domestic demand quickly

4) the WTO and its regulations

5) governments of the emerging countries

■ Vocabulary Study

Ex. 6.

1) – d)

2) – h)

3) – e)

4) – c)

5) – f)

6) – b)

7) – a)

8) – h)

Ex. 7.

1) - capital flows

2) - has plunged in chaos

3) - deteriorating infrastructure

4) - slump in demand

5) - multilateral agreement

6) - shrinking resources

7) - emerging markets

8) - boost the relations

Text II

■ Skimming

Ex.1.

b)

■ Scanning

Ex. 2.

1) in sight

2) ceiling

3) on average

4) breaking the rules

5) whatever its final extent

6) industrial wasteland

7) beggar-thy-neighbour policies

8) reduce the temptation

Ex. 3.

1) open market

2) scepticism

3) keen

4) rebate

5) backslide

Ex. 4.

1) c

2) a (Russia, India, the USA, Germany, France, China)

3) a, d, g

4) c

5) b, e, g

■ Vocabulary Study

Ex. 6.

1. b

2. e

3. a

4. c

5. d

Ex.7.

a)

1. recess

2. fail

3. tempt

4. reduce

5. subsidize

b)

1. adjustment

2. allowance

3. avoidance

4. flourish

5. insurance

c)

1. economic, economical

2. prospective

3. transparent

4. industrial

5. capital

Ex. 8.

1) on

2) in

3) to

4) in

5) at

6) by/with

7) to

8) in

9) of

10) on

Ex. 9.

1) b

2) a

3) c

4) d

5) f

6) e

7) i

8) h

9) g

Ex. 10.

1) had set up

2) hold on

3) was turned off

4) set in

5) held back

6) turn up

Unit III

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