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Unit 8 International Trade INote-taking, Retelling & Summarizing1.International trade is the exchange of goods and services across international boundaries or territories. 2.In most countries, it represents a significant share of GDP. 3.While international trade has been presented throughout much of history like the Silk Road and Amber Road, its economic, social, and political importance has been on the rise in recent centuries. 4.Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact. 5.Increasing international trade is the primary meaning of globalization.6.International trade is also a branch of economics, which, together with international finance, forms the larger branch of international economics.7.Traditionally trade was regulated through bilateral treaties between two nations. 8.For centuries under the belief in Mercantilism most nations had high tariffs and many restrictions on international trade. 9.In the 19th century, especially in Britain, a belief in free trade became paramount and this view has dominated thinking among western nations for most of the time since then. 10.In the years since the Second World War, multilateral treaties like the GATT and World Trade Organization have attempted to create a globally regulated trade structure.IIVocabularyA.Choose the best answer for each of the following.1. A2. C3. D4. B5. D6. B7. D8. C9. D10. B11. B12. B13. D14. A15. BB.Fill in the blanks with the correct form of the words given in the brackets.1. Abundance2. adjust3. comparatively4. Consuming5. endowed6. externals7. logic8. induced9. invalidated10. lobbying11. multiplication12. objective13. remaining14. uneasy15. wreckedIII.Proofreading and Error Correction1 for2 also3 cases45 another6 Surprisingly7would8 coconuts9 at10soIV.Sentence Transformation1. He convinced me of the necessity of making further enquiries before paying the money.2. We had a good time despite _the terrible whether_.3. .His frequent depression is due to his inability to get about very much.4. There is no excuse _for being rude_.5. It is not worth waiting since we missed the last bus.V. Translation A.1It is likely that the court case in the future will be even messier than what she predicts now. 2In other words, when the wind is blowing at 120 kilometers per hour, most waves will be about twelve meters.3Its worth reflecting how events of the past would have looked had tomorrows technology been available at the time.4The most exciting moment of the trip is when I climbed the Great Wall5It still remains a mystery where and why he killed her. B.1. 世界贸易组织,通过制定国际贸易的准则成为促进国际贸易的主要国际机构。但是它已深陷纷争之中。有人认为它维护富国利益,加深了穷国的苦难,因此招致强烈的反对和批评。2. 自由贸易是指商品和服务在国家间自由流动,不受政府关税和其他非关税障碍的阻碍。在国际贸易中,这是一种理想化的市场模式,也常常是政府公开宣称的政治目标。3. 保护主义通常被认为是自由贸易的羁绊。这个词让人联想到一些负面的东西,如孤立主义,政府对在竞争中的弱势产业给予补贴等意义。绝对的无管制会使公司受益,但是如果这种无管制意味着放松环境保护,削减健康和教育服务包括对自然能源的控制和管理,那会可能导致该国或当地的人们遭受损失。C. 1. Quite a few developing nations complain that the western nations themselves are very protectionist but want the developing countries to completely remove barriers to free trade which would cause an imbalance in the favor of the industrialized countries. It is unfair and should be opposed.2. Trade between various countries of the world has taken place for many hundreds, perhaps thousands, of years. Originally trade enabled people to obtain food and materials that they could not produce for themselves. For example, the UK does not have a climate suitable for growing bananas, and therefore needs to import these from abroad. And about 2000 years ago, the Europe needed to import silk from China as no one there knew how to make it.3. Free trade means competition, and competition can be risky, particularly when it affects a countrys prosperity. Countries often want to protect themselves ag
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