Render the text, Part II in English.
Do a written translation of the text, Part II paying attention to the marketing terms and their contextual usage.
Unit VII. Economic Globalization
Part I. Translation from English into Russian
1. Give Russian/ Belarusian equivalents to the following terms.
1. ad valorem tariff
2. Bretton Woods
3. business cycle
4. common market
5. comparative advantage
6. corporate tax
7. custom union
8. distributional impact
9. dumping
10. EBRD
11. embargo
12. exchange control
13. FDI
14. fixed exchange rate
15. free trade area
16. GATT
17. globalization
18. ICE
19. IMF
20. inequality
21. infant industry
22. insecurity
23. liberalization
24. LME
25. MNE
26. NYMEX
27. OECD
28. poverty
29. preferential trade
30. procurement policy
31. proliferation
32. protectionism
33. quota
34. race to the bottom
35. restricted trade
36. senile industry
37. subsidy
38. tariff
39. trade policy
40. trade/ trading
41. TSE
42. World Bank
43. WTO
Read texts 1-4.
3. Study the following, paying attention to the terms and their contextual usage:
a)what economic globalization means;
B) two waves of globalization;
C) what world trade means;
D) what restricted and preferential trade means;
E) what kind of international financial institutions exist now.
4. Pick out the idiomatic expressions and give their Russian/ Belarusian equivalents.
5. Pick out the abbreviations from the texts above and give their Russian/ Belarusian equivalents.
Text 1
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