GOOD自考国际商务英语课后习题答案

目录QQ:651447186

一、internationalbusiness......................................................................................................................1

二、incomelevelandtheworldmarket................................................................................................3

三、reginaleconomicintegration..........................................................................................................5

四、economicglobalization...................................................................................................................8

五、Internationaltrade(1)................................................................................................................10

六、internationaltrade(2)...............................................................................................................11

七、inconterms2000.............................................................................................................................13

八、thebusinesscontract.....................................................................................................................15

九、modesoftrade................................................................................................................................16

十、internationalpayment....................................................................................................................19

十一、Theletterofcredit(1)..............................................................................................................21

十二、theletterofcredit(2)................................................................................................................23

十三、majordocumentsrequiredinworldtrade...............................................................................25

十四、internationaltransportation......................................................................................................27

十五、insurance(l)...............................................................................................................................29

十六、insurance(2)...............................................................................................................................30

十七theinternationalmonetarysystemandexchangerate...............................................................32

十八、internationalfinancialorganizations.......................................................................................35

十九、foreigndirectinvestment..........................................................................................................36

二十、theinternationalstockexchange..............................................................................................39

二H—*、theworldtradeorganizationandchina...............................................................................40

二十二、theunitednationsconferenceontradeanddevelopment..................................................43

—*、internationalbusiness

Whatdoesinternationalbusinessreferto?Pleasetellthedifferencebetweeninternational

businessanddomesticbusiness.

1.Internationalbusinessreferstotransactionsbetweenpartiesfromdiffirenlcountries.

Therearefourmajordiffrencesbetweeninternationalbusinessanddomesticbusiness:

1)differencesinlegalsystem

2)differencesincurrencies

3)differencesincuturalbackground

4)differencesinnaturalandeconomicconditions

Pleaseexplainthedifferencesbetweenvisibletradeandinvisibletrade.Whichisbecoming

moreandmoreimportantandaccountsforanincreasingproportionininternationaltrade?

2.Commoditytrade,i.eexportingandimportinggoodsproducedormanufacturedinone

countryforconsumptionorresaleinanother.Thiskindoftradeisalsoreferredtovisibletrade.

Invisibletradeisintheformoftransportation,communication,banking,insurance,consulting,

informationetc.Invisibletradeisbecomingmoreandmoreimportantandaccountsforan

increasingproportionininternationaltrade.

Canyoucitesomeexamplestoillustrateculturaldifferencesininternationalbusiness?

3.Culturaldifferencesincludinglanguage,customs,traditions,religion,value,behavioretc.

Pleaseelaborateonthetwocategoreisofinternationalinvestment.Whatistheirmajor

difference?

4.ForeigndirectinvestmentsorFDIforshortismadeforreturnsthroughcontrollingthe

enteiprisesorassetsinvestedininahostcountry.

Portfolioinvestmentreferstopurchasesofforeignfinancialassetsforapurposeotherthan

controlling.

Whatislicensing?Whydofirmssometimeschooseitasmeansofenteringaforeignmarket?

5.Inlicensing,afirmleasestherighttouseitsintellectualproperlytoafirminanothercountry.

Firmschooselicensingbecausetheydonotwanttomakecashpaymentstostartbusiness,and

cansimplyreceiveincomeintheformofroyalty.Besides,theycanbenefitfromlocational

advantegesofforeignoperationwithoutanyobligationsinownershipormanagement.

Whatisfranchising?Howisitdifferentfromlicensing?

6.Underfranchising,afim,calledthefranchisee,isallowedtooperateinthenameofanother,

calledthefranchiserwhoprovidestheformerwithtrademarks,brandname,logos,and

operatingtechniquesforroyalty.

Incomparisionwiththerelationbetweenthelicenserandthelicensee,thefranchiserhasmore

controloverandprovidesmoresupportforthefranchisee.

Whatisamanagementcontract?Underwhatconditionsisitmostapplicable?

7.Underamanagementcontract,onecompanyoffersmanagerialorotherspecializedservicesto

anotherwithinaparticularperiodforaflatpaymentorapercentageoftherelevantbusiness

volum.

Whenagovernmentforbidsforeignownershipincertainindustriesitconsiderstobeof

strategicimportancebutlackstheexpertiseforoperation,managementcontractsmaybea

practicalchoiceenablingaforeigncompanytooperateintheindustrywithoutowningthe

assets.

Whatisaninternationalturnkeyproject?InwhatwayisitsvariantBOTdifferentfromit?

8.Foraninterantionalturnkeyproject,afirmsignsacontractwithaforeignpurchaserand

undertakesallthedesigning,contractingandfacilityequipingbeforehandingitovertothe

latteruponcompletion.

ForaBOTproject,afirmoperateafacilityforaperiodoftimeafterbuildingitupbefore

finallytransferringittoaforeigncompany.

MakingprofitfromoperatingtheprojectforaperiodisthemajordifferencebetweenBOT

andthecommonturnkeyproject.

Franchise:anarrangementbywhichamonopolyproducerorownergivesanotherpermissionfor

theexclusiverighttomanufactureorselltheproductsincertainarea.

Royalty:moneypaidtotheownerofacopyrightfrpermissiontopublishcopyrightmaterialand

totheownerofapatentforpermissiontouseapatenteddesign,usu,atanagreedpercentageof

thesellingpriceoftheproduct.

Patent:aspecialrighttoaninventortobetheonlypersonlomakeandsell,ortoauthorizeothers

tomakeandsellanewly-inventedmachineorprocess.

Non-tariffharries:allformsofman-madeobstructionstointernationaltradeotherthantariffs,

includingprohibitionsandquotas,etc.

Portfolio:theentirecollectionofinvestmentsintheformofstocks,bonds,orcertificateof

depositsforpurposesotherthancontrolling.

Turnkeyproject:oneinwhichoneofthepartiesagreestosupply,atthecontractprice,a

completeproductreadyforuse,suchasanewhome,factory,ship,etc.

Budget:anaccountofprobablefutureincomeandexpenditureduringastated,period,usu,ayear

usedasaguideinmakingfinancialarragements.

Return:thegainfromaninvestment,eitherasincomeoryieldorasprofitonthesaleofthe

investment.

Expertise:expertknowledgeorskill,esp.inaparticularfield;know-how

Licensor:apersonorcompanygrantingalicence

L国际贸易一般指不同国家的当事人进行的交易，它涉及到许多因素，因而比国内贸易要复

杂得多。

Internationalbusinessreferstotransactionbetweenpartiesfromdifferentcountries,itinvoles

morefactorsandthusismorecomplicatedthandomesticbusiness.

2.随着经济一体化进程的发展，很少人和公司能完全独立于国际商务之外而存在。因此，

在此方面具有一定的知识是十分必要的，这既有益于企业的发展又有益于个人的进步。

Withthedevelopmentofeconomicglobalization,fewpeopleorcompaniescancompletelystay

awayforminternationalbusiness.Someknowledgeinthisrespectisnecessarybothforthebenefit

ofenterprisesandpersonaladvancement.

3.其他参与国际贸易的形式有管理合同、承包生产和“交钥匙”工程。

Otherformsfbrpaticipatingininternationalbusinessaremanagementcontract,contract

manufaturingandturnkeyproject.

4.国际贸易最初以商品贸易的形式出现，即在一国生产或制造商品而出口或进口到另一国进

行消费或转售。

Internationalbusinessfirsttooktheformofcommoditytrade,i.e.exportingandimportinggoods

producedormanufacturedinonecountryforsonsumptionorresaleinanother.

5.除了国际贸易和投资，国际许可和特许经营有时也是进入国外市场的一种方式。

Besidestradeandinvestment,licensingandfranchisingaresometimestakenasameansof

enteringaforeignmarket.

二、incomelevelandtheworldmarket

ExplaintheconceptsofGNPandGDPrespectivelyandpointouttheirmajordifference.

Canweusetheminterchaeably?

1.GNPreferstothemarketvalueofgoodsandservicesproducedtythepropertyandlabor

ownedbytheresidentsofaneconomy.

GDPmeasuresthemarketvalueofallgoodsandservicesproducedwithinthegeographic

areaofaneconomy.

ThedifferencebetweenGNPandGDPisthatthefonnerfocusesonownershipofthefactors

ofproductionwhilethelatterconcentratesontheplacewhereproductiontakesplace.

ThedifferencebetweenGNPandGDPcanbeignoredsinceitisverysmallinmostcases,so

wecanusetheminterchangeably.

Whataremeantbyhighincome,middleincome,andlowincomecountriesaccordingtothe

WorldBank?Citesomeexaplesforeachgroup.

2.Thoseenjoyingannualpercapitaincomeof$9386andaboveareclassifiedashigh-income

countries.Thisgroupcomprisesthreetypesofcountries.

a)mostmembersoftheOrganizationforEconomicCooperationandDevelopment(OECD)

b)richoilproducingcontriesofthemiddleeast(Kuwait,SaudiArabia,UnitedArab

Emirates).

c)Small-industrializedcountriesorregionssuchasIsrael,Singapore,HongKongand

Taiwan.

Countrieswithannualpercapitaincomebelow$9386butabove$765areregardedas

middle-incomecountries.

1)mostEastEuropeancountriesandmostmembersoftheCommonwealthofIndependent

States,sixOECDmembers.(Czech,Greece,Hungary,Mexico,Turkey)

2)quiteanumberofLatinAmericancountriesandsomecomparativelydevelopedcountries

inAsia.(lndonesia,Malaysia,thePhilippines,Thailand)

3)AmongtheAfricancountries,SouthAfricaandoil-producingLibya,NigeriaandAlgeria.

Lowerincomecountriesarethosethathavepercapitaincomesofonly$765orevenless.

1)MostAfricancontries,someAsiancountriesandafewLatinAmericancountries.

Whyarehighincomecountriesimportanttotradeandinvestment?Shouldweneglectlow

incomecountriesininternationalbusiness?

3.High-incomecountriesoftenhavegoodinfrastructure,highpurchasingpower,advanced

technology,efficietmanagement,andfavorableenvironmentfortradeandinvestment.They

offerprimemarketsforexpensiveconsumergoodsandarebothattractivesourcesand

destinationsofinvestment.

Weshouldnotneglectlowincomecountriesininternationalbusiness,becausetheyconstitute

marketsforlower-pricedstaplegoods,providecheaplaborandareoftenrichinresources.Whatis

moreimportant,marketissomethingtobedeveloped.Oncetapped,thebusinesspotentialofthese

countrieswillonedaybecomerealbusinessopportunities.

InwhatdifferentwaysareGDPandpercapitaincomesignificantinassessingthepotential

ofaparticularmarket?

4.TotalGDPindicatestheoverallsizeofaneconomywhichisimportantinmarketassessment

fordurableequipmentorbulkgoodssuchasgrain,steel,orcement.PercapitaGDPreveals

theaverageincomelevelofconsumers,whichisimportantwhenmarketingconsumer

durables.

Waschinaalow-incomecountryafewyearsago?Howaboutnow?

5.Chinawithapercapitaincomeofover$1100isamiddle-incomecountrythoughitwasalow

incomecountryjustafewyearsago.

Whatdoestheterm"Traid"referto?WhatismeanttyQuad?

6.ThetermTriadreferstothethreerichestregionsoftheworldtheUnitedStates,theEuropean

UnionandJapanthatofferthemostimportantbusinessopportunities.

SomepeopleextendthescopeofTriadtoincludeCanadaandnamethebroadenedgrouping

Quad.

HowmuchdoyouknowaboutOECD?Pleasemakeabriefaccount.

7.OECDmeansOrganizationofEconomicCooperationandDevelopmentwasestablishedin

1961bythemajorcapitalimcountrieswiththeheadquarterinParis.Ithas29member

countries,amongwhich,23ofthemarehigh-incomecountriesandtheothersare

middle-incomecountries.

WhatisthebestpolicyforChinatodevelopbusinessopportunites?

8.Thebestpolicyistodevelopbusinessopportunitieswhereveradvantageouswhilekeepingin

mindthekeymarkets.

Tap:totakewhatisneededform,toexploit

PPP:purchasintpowerparity

Consumerism:considerabledesiretomakepurchaseforconsumption

Recipient:apersonoranorganizationetc.thatreceivessomething

Pruchasingpower:ofpersons,thepublic,havingthemoneytobuygoodsandservices

Average:ofanordinary,commonorusualkindinqualityoramount

Spur:tourgeorencourage

Productive:producinginhighefficiencyorinlargequantity

Assess:tojudgeanamountorvalue

Infrastructure:large-scalepublicservices,suchaswaterandpowersupplies,road,railandradio

communications,etc.neededtosupporteconomicactivity,esp.industry,tradeandcommerce

国民生产总值和国内生产总值是表明一国收入的两个重要概念。区别在于前者强调的是牛产

要素的所属权而后者着重于进行生产的国家。

GNPandGDParetwoimportantconceptsusedtoindicateacountry'stotalincome.The

differencebetweenGNDandGDPisthattheformerfocusesonownershipofthefactorsof

productionwhilethelatterconcentratesontheplacewhereproductiontakesplace.

要估评某一市场的潜力，人们往往要分析其收入水平，因为它为那里居民的购买力高低提供

了线索。

Inassessingthepotentialofamarket,peopleoftenlookatitsincomelevelsinceitprovidesclues

aboutthepruchasingpowerofitsresidents.

世界各国被世界银行分为三大领域：高收入国家，中等收入国家和低收入国家。

CountriesoftheworldaredividedbytheWorldBankintothreecategoriesofhigh-income,

middle-incomeandlow-incomeeconomies.

中国现在的年人均收入为1100美元以上，但几年前它还是个低收入国家。

Chinawithapercapitaincomeofover$1100isamiddle-incomecountrythoughitwasalow

incomecountryjustafewyearsago.

就中国来说，周围还有其他应特别关注的市场，如亚洲四小虎、东盟国家、俄罗斯等国，这

些国家都具有前景看好的市场潜力，能为中国提供很好的商机。

SofarasChinaisconcerned,othermarketsweshouldpayparticularattentiontoarethosearound

us:theFourTigers,theASEANcountries,Russia,India,andabitfartherawayAustralia.

三、reginaleconomicintegration

1.Whatisafreetradearea?Makeabriefaccountofthemostnotablefreetradeareain

theworld.

Membersofafreetradearearemovesharriestotheflowofgoodsandservicesamong

themselveswhileeachmemberstilladoptsitsownpolicyasregardstotradewithoutsiders.

ThemostnotablefreetradeareaistheNorthAmericanFreeTradeAgreement(NAFTA),the

largestfreemarketformedbytheUnitedStates.

2.Inwhatwayisacustomsuniondifferentfromafreetradearea?

CustomsUnionthatgoesastepfurtherbyadoptingthesametradepolicyforallthemembers

towardcountriesoutsidetheirorganizationinadditiontoabolishingtradebarriersamong

themselves.

3.Whatarethecharacteristicsofacommonmarket?Whichorganizationremaineda

commonmarketforsomeyearsinthepast?

Besidesfreemovementofgoodsandservicesandadoptionofcommonexternaltradepolicy,

factorsofproductionsuchaslabor,capitalandtechnologyarefreetomoveamongmembers

sothattheycanbeutilizedinamoreefficientandproductiveway.

Inthepast,theEuropeanCommunityremainedacommonmarketforsomeyears.

4.Howmuchdoyouknowaboutaneconomicunion?Canmembersofaneconomicunion

keepalloftheirnationalsovereignty?

Economicunionischaracterizedbyintegrationofthedomesticpoliciesofitsmembersin

respectofeconomy,financeetc.inadditiontoabsenceoftradebarriers,practiceofcommon

externalpolicyandfreeproductionfactormobility.

Themembercountriesofaneconomicunionarerequiredtosurrendersomeoftheirnational

sovereignty.

5.MakeabriefaccountoftheoriginanddevelopmentoftheEU.

Itshistorydatesbacktotheearlypost-waryears.Thefirstcommunity,theEuropeanCoaland

SteelCommunity(ECSC)wasestablishedin1952whichsetthestageformoreambitious

integrationefforts.ThesigningofthemonumentalTreatyofRomein1957marksthe

establishmentoftheEuropeanEconomicCommunitywiththeaimofgraduallyrealizingthe

freemovementofgoods,services,laborandcapitalaswellastheharmonizationofeconomic

policiesofthemembercountries.Tenyearslaterin1967,theEuropeanCommunitywas

formedbymergingEEC,ECSCandtheEuropeanAtomicEnergyCommunity(EURATOM).

1992wasalandmarkyearinthedevelopmentoftheECwhenitbecameatruecommon

marketasenvisagedbytheSingleEropeanAct.ThenonJanuary1,1994theEuropeanUnion

(EU)cameintobeingonthestrengthoftheMaastrichtTreaty.

6.WhatisthemostpowerfulinstitutionoftheEU?WhatistheexecutivebodyoftheEU?

Howdoesitoperate?

ThemostPowerfulinstitutionoftheEUistheCouncilofMinisters.Ithasthefinalsayonall

importantmatters.Decisionsofthecouncilaremadebyvotesallocatedtomembercountries

onthebasisoftheirsize.Differentministersattendthecouncilmeetingsdependingonthe

mattersdiscussed.

ItsexecutivebodyistheEuropeanCommisioncomposedof20commissionersoverseeing23

departmentsinchargeofdifferentaffairs.

7.ExplainbrieflythefivelayerorganizationalstructureofAsia-PacificEconomic

Cooperation.

l)ThefirstistheInformalMeetingofEconomicleadersheldannually.

2)ThesecondistheDual-MinisterialMeetingattendedbyforeignministers(excluding

ChineseTaipeiandHongKong)andministersinchargeofforeigntrade.

3)ThethirdistheMeetingforMinistersResponsibleforTrade.

4)ThefourthistheSeniorOfficialsMeeting(SOM)attendedbyviceministers,departmental

directorsorambassadorstoimplementdecisionsbyeconomicleadersandministerial

meetings.

5)ThefifthlayerreferstothefoursubordinatecommitteesunderSOM,i.e.Committeeof

TradeandInvestment,EconomicCommittee,EconomicandTechnicalCooperation

SubcommitteeofSOMandBudgetManagementCommittee.

8.WhatarethetenetandobjectivesofAPEC?Whatismeantbyitstwowheels?

APEC-Asia-PacificEconomicCo-operation,itstenetandobjectivesare''inter-dependence,

mutualbenefits,adheringtoanopenandmultilateraltradingsystemandreductionofregional

tradebarriers”.

APECco-operationconcentratesontradeandinvestmentliberationandfacilitation(T1LF)

andeconomicandtechnicalcooperation(ECOTECH)thatarecommonlytermedas“thetwo

wheelsofApec”.

9.WhatarethenatureandobjectivesofOPEC?

ThenatureofOPECisacommoditycartel.

Byassigningproductionquotasamongitsmembers,OPECtriedtolimittheoverallcrudeoil

supplyoftheworldforthepurposeofmaintaininghigheroilprices.

Veto:righttorejectorforbidsomething

Detour:routethatavoidsablockedroad,deviation

Erode:wearaway,eatinto

Integration:combingintoawhole

Liberalization:oftrade,theactofgovernmentinliftingcontrolsoverimportsandexports

Tariff:taxleviedbythecustoms

Envisage:picture(anevent,action,etc)inthemindasafuturepossibility;imagine

Banknote:printedpapermoneyissuedbyabank,usu.Thecountry'scentralbank

Mobility:capacitythatcanmoveorbemovedeasilyandquicklyfromplacetoplace

Barriertotrade:anyactionbyagovernmenttolimitorpreventthefreeflowofgoodsinandout

ofitscountry

1.过去的几十年，地区经济体化越来越重要。

Thepastdecadeswitnessedincreasinglygrowingimportanceofregionaleconomic

integration.

2.最著名的自由贸易区是北美自由贸易区，它是由美国、加拿大和墨西哥于1991年建立

的。

ThemostnotablefreetradeareaistheNorthAmericanFreeTradeAgreement(NAFTA),it

wasformedbytheUnitedStates,CanadaandMexicoin1991.

3.经济联盟的成员国不仅要在税收、政府开支、企业策略等方面保持一致，而且还应使用

同一的货币。

ThemembersofanEconomicUnionarerequirednotonlytoharmonizetheirtaxation,

governmentexpenditure,industrypolicies,etc.,butalsousethesamecurrency.

4.欧洲委员会是欧盟的管理机构之一，此机构将提议呈交给部长理事会做决定，并监督各

成员国根据所制定的条约履行自己的义务。

EuropeanCommissionisoneoftheadministrationinstitutionsofEuropeanUnion,ithands

overtheproposestothecouncilofMinistersfordicisionandoverseesmembercountriesto

implementtheirobligationsaccordingtotheenactingclauses.

5.APEC建立于在澳大利亚首都堪培拉召开的一次部长级会议上。当时有12位成员国出

席，分别为澳大利亚、美国、加拿大、日本、朝鲜、新西兰和东盟六国。

APECwassetupattheMinisterialMeetingheldintheAustraliancapitalCanberraattended

by12membersofAustralia,theUnitedStates,Canada,Japan,RepublicofKorea,New

ZealandandsixASEANcountries.

四、economicgtobalization

1.Whatarethebasicfeatureandmajorroleofeconomicglobalization?

Withthebasicfeatureoffreeflowofcomodity,capital,technology,service,andinformation

intheglobalcontextforoptimizedallocation,economicglobalizationgivingnewimpetusand

providingopportunitiestoworldeconomicdevelopmentandmeanwhilemakingthevarious

economiesmoreandmoreinterdependentandinteractive.Ithasbecomeanobjectivetrendin

worldeconomicdevelopment.

2.Mentionsomeoftheprosandconsofeconomicglobalization.Whatistherightattitude

towardit?

Economicintegrationenablescountriesbenefitfromtheboomofothercountriesbutalso

makesthemmorevulnerabletotheadverseeventsacrosstheglobe.

Thebestpolicyforusistofollowthetrendclosely,availingtheopportunitiesitoffersto

developourselvesandavoidingitspoosibleimpacts.

3.Whatistheformaldefinitionofamultinationalenterprise?Howcanyoutellwhethera

multinationalcorporationisaparentorjustanaffiliate?

Atypicalmultinationalenterpriseshallbedefinedasabusinessorganizationwhichowns

(whetherwholyorpartly),controlsandmanagesassets,oftenincludingproductiveresources,

inmorethanonecountry,throughitsmembercompaniesincorporatedseparatelyineachof

thesecountries.

IftheMNCistheoriginalinvestingcorporation,itisknownastheparentMNC,whichis

normallyalsotheinternationalheadquartersoftheMNE.

IftheMNCisestablishedasaresultofinvestmentsbytheMNE,whetherthroughtheparent

orthroughanotherofitsalreadyestablishedMNC,itisanaffiliateMNC.

4.DescribebrieflythecharacteristicsofMNEs.

a.enormoussize

b.widegeographicalspread

c.longevityandrapidgrowth

5.WhatistheecommonlyrecognizedobjectiveofMNEs?

Likemostbusinessorganizations,MNEsareformedforprofit.

6.WhyissecuritysoimportanttoMNEs?

ProfitisuselessifitcannotbesecuredbytheMNEandtransfeeedwhereveritsodesires.

7.Doyouthink"widegeographicalspread99ofMNEsplaysaveryimportantroleinthe

developmentoftheirbusiness?Why?

a.enablesthemhaveawiderangeofoptionsintermsofdecisionsinareassuchassourcing

andpricing.

b.Moreabletotakeadvantageofchangesintheinternationaleconomicenvironment.

c.EnableMNEstoengageinworldwideintegratedproductionandmarketinggivingriseto

extensiveintra-MNEtransactionswhichconstituteaverysignificantproportionoftotal

internationaltrade.

8.WhatistherelationshipbetweenMNEsandtheirhostcountries?

HostgovernmentscananddowieldpoweroverMNCslocatedwithintheirterritories.MNCs

areunderthelegaljurisdictionoftheirhostgovernmentswhichcanimposevariousrules,

regulations,andlawsontheMNCstotheextentofnationalizingalltheirassets.

9.Whatarethefourtypesofmultinationalenterprises?Describeeachofthembriefly.

a.multi-domesticcorporationthatisagroupofrelativelyindependentsubsidiaries.

b.Globalcorporationswhichoperatesunderanoppositeprinciplefromthefirsttypeand

viewstheworldmarketasanintegratedwhole.

10.Aretheremanyworldcompaniesatpresent?Imaginetheirfutureroleincomplete

globalization?

No,veryfewcompanies,ifany,havereachedthislevelofinternationalization.

Whensuchcompaniesbecomedominating,thepossiblilityofconflictsamongsovereign

statesmaybegreatlyreduced.Possiblytheywillbeinstrumentaltotherealizationof

completeglobalization.

Revenue:thetotalannualincomeofaslate

Decentralize:distributetheadministrativepowersoveralessconcentratedarea

Nationalize:tobringunderthecontrolorownershipofanation

Input:somethingthatisputinbusinessoperation

Welfare:well-being

Framework:organizationstructure

Facilities:somethingdesigned,builtorinstalledtoserveaspecificfunctionorperforma

particularservice

Affiliate:asubsidiarycompanycontrolledbyanother

Worldcompany:amultinationalwhosenationalidentityhasbeenblurred

Assets:totalresourcesofabusiness,ascash,accountsreceivable,realestatesetc.

1.经济全球化为世界经济发展提供了新的动力和机会，同时也使各经济体更加相互依赖、

相互影响。

Economicglobalizationisgivingnewimpetusandprovidingopportunitiestoworldeconomic

developmentandmeanwhilemakingthevariouseconomiesmoreandmoreinterdependent

andinteractive.

2.跨国公司是在一个以上国家拥有、控制和经营资产的商业组织。

Multinationalenterpriseisabusinessorganizationwhichowns,controls