C. Fill in the words from the box.

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C. Fill in the words from the box.

foreign markets

globalization

benefits

international agreements

world trade  

technology

… is a process in which economic events in one place affect almost all other places. The economists point out increased volumes of … The drivers of the globalization are policies and … . … have removed trade barriers between countries. The advantage of this process is that the access to … is provided. The negative point of the globalization process is that there are more … for multinational corporations.

D. Match the words from the text with their corresponding definitions.

corporation

the process of making something such as a business operate in a lot of different countries all around the world, or the result of this

free market

a big company or a group of companies acting together as a single organization

benefit

the activity of buying, selling, or exchanging goods between countries

to develop

an economic system in which prices are not controlled by the government

international

affecting or including the whole world

globalization

an advantage, improvement, or help that you get from something

trade

to grow or change into something bigger, stronger, or more advanced, or to make someone or something do this

integration

to help something to develop or increase

to promote

the combining of two or more things so that they work together effectively

E. In pairs, make a list of what you think the principal advantages or disadvantages of globalization are.

Listening: For and against globalization

 (Market Leader, Intermediate Business English CB by D. Cotton, Unit 1)

Over to you

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