Английский язык для экономистов - Малюга Е.Н.
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How Localization Might Come About
The widespread resistance to globalization can be built upon to help fashion a viable localist alternative. There are already countless people and groups strengthening their local economies from the grass roots up. The greatest spur to consideration of such radical local alternatives at the go-192
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vernmental level will be the need to respond to global economic upheavals and the deflation, the job losses and inadequate consumer demand that will come in its wake. Equally crucial in shaping a different localist imperative amongst politicians will be the pressure that the politically active can bring to bear. This must shift from fighting separate issue specific aspects of globalization to realizing that their individual successes can only be secured as part of an overarching change to localization, but in an internationally supportive manner. In short to Protect the Local, Globally.
C.2. Decide whether these statements are True (T) or False (F).
1. Globalization has had a positive effect on the economic development of the wrorld.
2. Globalization must reduce inequality, improve the basic provision of needs, and adequately protect the environment.
3. "Localization" is a set of interrelated and self-reinforcing policies that actively discriminate in favour of the local.
4. According to the author each country should do what it can do best, and trade for the rest of the world. It must reduce inequality, improve the basic provision of needs, and adequately protect the environment.
5. The greatest alternatives to globalization accepted at the governmental level will spur global economic upheavals and the deflation, the job losses and inadequate consumer demand that will come in its wake.
"•і D, Vocabulary
D.I. Read and learn new words.
livelihoods (n) — the way in which you earn money in order to live beggar-your-neighbour — beggar-my-neighbour is a card game in which the aim is to obtain all one's opponent's cards, leaving him with none, (fig) It means something assigned to bring to ruin your neighbour
comparative advantage — the advantage that one country has over another because it is better at making a particular product
ivory tower — (often derog) an imaginary place where very clever people are supposed to avoid the difficult reality of ordinary life backdrop (n) — the conditions in which something happens cheerleader (n) — a person who calls for and directs cheering esp. at sport game
herd instinct — a feeling which makes a group act alike, esp. in being unfriendly towards strangerUnit 11. Globalization
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footloose capital — free capital that can be put everywhere adverse (adj) — unfavorable; going against; opposing labour intensive — (of an industry) needing a lot of workers compared to its other needs, such as money. Compare with "capital intensive"
residual (adj) — left over; remaining
gear (v) — to allow (an activity or course of action) to be dependent on or influenced by (a particular fact or condition)
diversification (n) —- the process of making or becoming different in form, quality, aims, or activities; producing more and different products in order to make a business larger or protect it if the market for certain products fails
self-reliance (n) — ability to act without depending on the help of others
upheaval (n) — a great change, esp. with much activity, confusion, and sometimes violence
D.2. Give English equivalents to the following words and expressions:
1) сравнительное преимущество;
2) расширение промышленно-хозяйственной деятельности на новые сферы;
3) остаточный;
4) средства к существованию;
5) неблагоприятный;
6) единство, сплоченность;
7) стадный инстинкт;
8)достоверность;
9) трудозатратный.
D.3. Choose an appropriate word or expression from the box to complete the following sentences.
comparative advantage prudent livelihood certainty labour intensive gear footloose
1. Removing quotas allows......to enrich the world.
2. These must be ... loans requiring the buyer to put in significant capital.
3. More than one million Americans depend on Japanese companies for their....194
Английский ЯЗЫК ДЛЯ экономистов
4. There is no ... that an agreement will be reached.
5. The company was using old,......production methods.
6. We must ... the amount of products we make to the level of public demand.
7. The proposal has attracted a lot of... comment.
8. I wish I could be ... fancy-free.
D.4. Give synonyms for the italicized words in each sentence below, or briefly explain their meaning.
1. The Crown remains some vestigial power.
2. It was not discreet of you to say that.
3. The expert focused on the conditions inimical to economic development.
4. You will not get much sustenance out of one bar of chocolate.
5. She is financially independent (of her family), so called a woman of independent means.