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Market Leader Intermediate 3rd edition SB

companies competition

companies competition STARTING UP environment gap eppe'to"ities poverty prices standards unemployment workers The sentences below represent a variety of views on international markets. Complete the sentences with the words in the box. 'International markets for labour, capital, goods and services ... 1 provide . p'p.o.rt."niti.. . for people to work/study abroad and improve their lives.' 2 increase ............ and improve the choice of goods and services.' 3 create ............ and lead to job losses in richer countries.' 4 reduce ......... .. and increase wealth everywhere.' 5 exploit .. .......... in poorer countries.' 6 widen the ......... .. between rich and poor nations.' 7 mean lower costs and cheaper retail ........... , which benefit consumers.' 8 give large multinational . . ... and trading blocs too much power.' 9 lead to damage to the natura1 . ........... , local cultures and industries.' 10 promote higher ............ of living, working conditions, technology, education, etc.' I] Work in pairs. Which of the statements in Exercise A do you agree with? II Work in pairs. How has the development of international markets affected: a) you as a consumer? b) your company/institution? c) your country? m How do you think international markets will develop in the future? 82 scanned for Paul Jennings

UNIT 9 •• INTERNATIONAL MARKETS II In pairs, discuss the question. What is free trade? Il ))) C02.14 listen to the first part of a radio interview with Ian McPherson, an expert on international trade. Complete the definition of free trade he gives. It's a situation in which goods come into and out of a country without any . C:.D0t.ro.I., . ' or ....... . . . .. '. Countries which truly believe in free trade try to . . .... . . ... . 3 their trade, that's to say, they take away ............ ', to trade. [ ... 1 They have open .... . . . ... . . 5 and few controls of goods at . 6 II )>> C02.15 listen to the second part of the interview. Note down five things which stop people trading freely. Explain briefly the meaning of each one. EXAMPLE: 1 Ta riff,: TJ..e,e are taxe, on imported 9ood,. m ))) C02.16 listen to the third part of the interview and do these exercises. 1 Choose the best answer. When there is a policy of deregulation, ... a) companies compete freely. b) there are a lot of government controls. cJ companies must follow regulations. 2 Which benefits of free trade does Ian McPherson mention? Tick the ones you hear. aJ greater choice of goods b) better-made products d) better pay e) a wider choice of jobs cJ lower taxes 3 Complete the gaps_ Some countries do not practise free trade because they wish to: • fight against ...........' competition, for example, dumping; • protect their .. ... ... ... b industries, which are important to their economy; • be less reliant on ............(, because their own economies need developing. 4 Answer the questions. aJ What trend in international trade does Ian McPherson mention? b) Why does he think the trend is a good one? D Use the words and phrases in the box to complete the table below. Use a good dictionary to help you. barriers oe" borders free port developing industries dumping tariffs strategic industries restrictions quotas laissez-faire liberalise customs deregulation subsidise regulations Open markets (Trade without restrictions on the movement of goods) open border, Protected markets (Trade with restrictions on the movement of goods, for example, import taxes) barriers scanned for Paul Jennings 83

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