Ex.2. Give Ukrainian equivalents for the following words and phrases

tidal wave,precise definition,worldwide integration,likewise,to invest in enterprises,outbreak,increased cross-border trade,qualitatively,productive potential,reductions in barriers,defining feature of globalization,controversial issue,proponents and opponents of globalization,at the expense of,resistance to globalization,pros and cons,average costs,increased efficiency, toput pressure on,inward investment,to exploit cheap labour,labour migration,economies of scale,protection from cheap imports,primary products,little scope for economic growth,elasticity of demand,environmental costs,non renewable resources,pollution and global warming.

Ex.3. Match the terms in italics with the definitions that follow. There are more terms than definitions.

1. The presence in or introduction into the environment of a substance which has harmful or poisonous effects.

2. The movement of people from one country to another for the purpose of employment.

3. The integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.

4. A corporation that operates in two or more coun­tries. It has headquarters in one country and offices or plants in other countries, either devel­oping or developed.

5. A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.

6. A person who advocates a theory, proposal, or course of action

7. The act of combining or adding parts to make a unified whole

8. The exchange of capital, goods, and services across international borders or territories.

9. The use of legal methods to pay the smallest possible amount of tax.

10. Reductions in the average cost of production, and hence in the unit costs, when output is increased.

11. Investment made within a country from outside

12. A method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater degrees of productive efficiency within the entire system of businesses or areas.

13. The gradual rise in the earth's temperature caused by high levels of carbon dioxide and other gases in the atmosphere.