Vocabulary Focus

Ex. 1. Complete the table by inserting the missing forms if possible.

Noun	Verb	Adjective/Participle
	facilitate
convergence
	accrue
		diverse
	liberalize
		environmental
		dominant
	advance

Ex. 2. Choose the words with opposite meaning from two columns and arrange them in pairs.

A	B
opponent (n) facilitate(v) progress (n) profit (n) low-wage (a) reduction(n) domestic (a) dominate (v)	loss (n) submit (v) high-wage (a) foreign(a) setback/regress (n) delay (v) increase (n) proponent/supporter (n)

Ex. 3. Match the Russian word combinations with their English equivalents:

A	B
1) масштабы, границы 2) плавающий валютный курс 3) погоня за прибылью 4) правила техники безопасности 5) сближение интересов 6) разделение труда 7) страны с низкой заработной платой 8) экономия на масштабе 9) национальная самобытность 10) социальные пособия 11) передовая технология	a) scope b) safety laws c) floating exchange rates d) economy of scale e) welfare benefits f) division of labor g) low-wage countries h) cultural identity i) pursuit of profits j) convergence of interests k) advanced technology

Ex. 4. Insert the necessary prepositions.

1. At its simplest, globalization refers … the trend … markets to become world wide … scope.

2. As the result of globalization many businesses trade … the world, where is … the past they may have focused … one country, or possibly single continent.

3. Floating exchange rates have led … the removal … controls … the international movement … capital.

4. Any activity that can be conducted … a screen or … the telephone, from writing software to selling airline tickets can be carried out anywhere in the world, linked to head office by satellite and computer.

5. Even medical advice or education can now be sold … a distance of the telecoms networks.

Ex. 5. There is a logical connection among three of the four words (or word combinations) in each of the following groups. Which is irrelevant here and why?

1. Globalization, integration, floating exchange rates, social benefits.

2. Labor-intensive jobs, low-wage income, prosperity, environmental degradation.

3. To offer the great returns, to preserve cultural identity, international movement of capital.

4. Low-wage industries, labor-intensive jobs, race to the bottom, unprecedented prosperity.