III. SPEECH PRACTICE EXERCISES. 1. Answer the questions:

1. Answer the questions:

 

1. Which type of economic systems seems to you the most rational and attractive?

Give your reasons.

2. Discuss the positive and the negative sides of each economic system.

3. What can you say about the present-day economy of Russia?

4. Have you ever heard the term “perestroika”? What does it mean to you? What political leader initiated the process of reforms in Russia?

5. Name six countries which can be described as developed ones.

6. What developing counties do you know? Give your examples of low-income and middle-income developing countries.

 

2. Render in English:

 

Сегодня экономисты мира знают, что Китай – это огромный потенциальный рынок. Не только потому, что его население составляет 1,2 млрд. человек, но и потому, что в Китае быстро развивается экономика, растёт потребление. Страна уверенно движется к рыночной экономике

В последние годы в Китае бурно развивается внешняя торговля. Китай установил торговые отношения более чем с 200 странами и регионами мира.

Китай – развивающаяся страна. Для ускорения экономического развития ему нужно привлекать иностранный капитал. Используя иностранные инвестиции, Китай ускорил освоение энергоресурсов, развитие транспорта и связи, а также реконструкцию старых промышленных предприятий. Иностранные инвесторы получают в Китае высокие прибыли.

У китайского рынка огромное будущее. Газета “Business Week” прогнозирует, что к 2007 году десятая часть всех товаров, произведённых в мире, будет поступать из развивающихся стран, включая Китай и Индию. Способность Китая провести экономическую реформу значительно повлияет на структуру мировой экономики в двадцать первом веке.

 

 

KEY WORD – COMBINATIONS

 

1.потенциальный рынок – potential market

2.потребление – demand

3.внешняя торговля – foreign trade

4.торговые отношения – trade relations

5.ускорить экономическое развитие – speed up economic development

6.привлекать иностранный капитал (инвестиции) – attract foreign capital

7.освоение энергоресурсов – development of power resources

8.прогнозировать – project

9.десятая часть – one-tenth

10.способность – ability

11.проводить реформу – carry out a reform

12. мировая экономика – global economy

 

3. Read the dialogue, reproduce it and make up your own one.

 

Rita Nadir came to Seattle to take English lessons in a language school for foreign students. She meets her classmate Edgar Erickson.

 

Edgar – Oh, what a pretty girl! Hi! What’s your name?

Rita – Hello, I’m Rita Nadir.

E – Nice to meet you. I’m Edgar Erickson. I’m from Sweden. Where are

you from?

R – I’m from Malaysia. Have you ever been to Malaysia?

E – Oh, never. But I guess it’s a beautiful country. It’s somewhere in

Southeast Asia, isn’t it? I’ve always wanted to learn more about other countries and peoples. Tell me about Malaysia, please.

R – My land is located in the tropics. Throughout the country you can enjoy
beautiful beaches and idyllic islands and the world’s oldest rainforests with a diversity of flora and fauna that is truly astounding. There is a number of world- famous resorts such as Rebak Marina resort, Coral Redang Island resort, Nexus Golf Resort and many others.

Malaysia is often called “The Best of All Worlds” by tourists.

E – Well, I suppose tourism is an important sector of your economy, isn’t it?

R – Oh, you are quite right. By the way, I’m going to work in a travel agency, that’s why I’m here to improve my English.

E – I see. As for me, I study economics. Could you tell me anything about the Malaysian economy?

R – In comparison with Sweden, Malaysia is a developing country. Some decades ago it was mainly an agricultural country, but nowadays Malaysia is more industrial than agriculturally oriented. Our economy has expanded rapidly over the last ten years with strong output recorded particularly in the manufacturing, services, and the construction sectors.

E – Sounds impressive. What manufactured goods does your country export?

R – Major exports comprise electrical and electronic products and machinery, chemical and wood products, textiles, transport equipment, iron, steel and fabricated metal products.

E – I’ve never met such a competent girl! I think you’ll make a successful career in traveling business.

R – And I’ve never met such an inquisitive boy! What else do you want to know?

E – Oh, nothing special. Just one thing more! Are you free tonight? Let’s go out somewhere.