Ex. 21. Find in the text English equivalents

— текущая тенденция;

- торговля растет;

- компании становятся глобаль­
ными;

- увеличивать связи с;

- вызыватьгорячиелискуссии;

— динамика рабочих мест;

- передача технологий;

— снижение торговых барьероп;

- расширять применение меж­
дународных стандартов;

— сила, вызывающая социаль­
ные изменения;

- лромышленно-раэвитнй север

technology transfer — передача техно

логии

benefit v — приносить выгоду human rights — права человека market forces - рыночные силы prosperity и — процветание destruction n - уничтожение be accustomed (to) — привыкать к

чему-л.

painful adj — болезненный consequences n — последствия

Ex. 23. a) Read the text and translate it into Russian, b) What is your attitude to trans­national corporations?

The Global Economy

Of all the processes of globalisation the advances made in the economic and technological areas have been most noticeable.

Recent years have seen the creation of a global system ofproduction. The main agcni of the system is the transnational corporation (TNC). The phe­nomenon of a company having manufacturing branches abroad has been around for a long time.

The American firm Singer opened a factory to manufacture sewing ma­chines in Scotland as early as 1878. Oil fields in Baku and coal mines in the Donbass were developed in the early years of the 20" ' century by Russian en­trepreneurs and European capitalists as well.

There are today some 40, 000 transnational corporations. They account for approximately 40 per cent of the world's industrial output.

Quite often, the TNCs come in for criticism for using cheaper labour avail­able in developing countries, where they build environmentally harmful pro­duction facilities, and for crowding domestic products out of the local mar­kets. At the same time, however, the TNCs bring with them investment, employment, new technologies, and modem management and marketing ex­perience, with which the goods manufactured in a particular country can be more easily sold on the world market.