UNIT 27

READING

INTERNATIONAL TRADE
PRE-READING TASKS:
 Discussion – Pair work
1. Look around you. How many things can you see that were imported from another country?
2. What are your country’s major trading partners?
3. What are your country’s most important exports?
4. Does your country try to restrict imports?

 Vocabulary preparation
 Match one item from A with one from B to make a common collocation
1. make a. of achieving the targets
2. capable b. for sure
3. turn out c. in stock and share
4. take d. to the pressures of foreign markets
5. know e. job opportunities
6. invest f. to be a disaster
7. increase g. the productivity
8. expose themselves h. into risky ventures
9. create i. a risk
10. get j. a living

 Select the proper definitions of the following terms/words:

Free trade ....................... Stability .......................

Supply chain ....................... Intellectual property .......................

Trademarks ....................... Copyright .......................

Trade barriers ....................... Domestic products .......................

Inefficiency ....................... Productivity .......................

A. The products which are made in own industries

B. A legal right created by the law of a country that grants the creator of an original work exclusive rights for
its use and distribution
C. International buying and selling of goods, without limits on the amount of goods that one country can
sell to another, and without special taxes on the goods bought from a foreign country.
D. A situation in which something is not likely to move or change
E. The protection of creations of the mind, which have both a moral and a commercial value.
F. The state of not achieving maximum productivity; failure to make the best use of time or resources
G. A system of organizations, people, activities, information, and resources involved in moving a product or
service from supplier to customer.
H. Any name, symbol, figure, letter, word or mark adopted and used by a manufacturer or merchant in order
to designate specific goods and to distinguish them from those manufactured or sold by others.
I. The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output
per unit of input.
J. Measures that governments or public authorities introduce to make imported goods or services less
competitive than locally produced goods and services

WHILE READING TASKS

 Choose the best answer

1. What is the minimum age to start working in developing countries?
A: 6 B: 8 C: 4
2. According Ha-Joon Chang, if he supports his son for more than 10 years, the kid will definitely
grow up to be a white-collar worker
A: True B: False C: Not given
3. What do customers have to accept in order to help their domestic firms to grow up?
A: inferior and expensive domestic products
B: cheap and good-quality domestic products
C: cheap and inferior domestic products

 Answer the following questions

4. Explain in detail the analogy Chang makes between child labour and free trade (or between education
and protectionism)
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5. What is the short-disadvantage of protecting growing industries?
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 What does each of the underlined part refer to?
6. “This little guy is perfectly capable of making a living” (Paragraph 1)
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7. “Well, of course I don’t do this.”
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 Words and expressions: Find words in the text with the following meanings
8. the supply of people in a particular country or area who are able and willing to work
9. a person who travels about selling goods, typically advertising them by shouting
10. the possibility of something bad happening

POST READING TASKS

VOCABULARY REVIEW
 Complete the sentences with one of the words in the following box

protectionism high-return physicist inefficient

stimulate analogy inferior expose

1. While there are several investment plans, one can choose ............................ investment options if they
are willing to take risks.
2. You might call something ........................... if its quality is not as good as another.
3. ............................. management may come from the leader’s individual personality.
4. A raise in employee wages can ........................... production.
5. Isaac Newton (1643-1727) was a great ........................... who outlined the principle of gravity.
6. There will be a lot of competitive and strong companies coming here and even though Kosovo is a small
company, one of our main interest is to ...................... it to the world market.
7. Australia’s Treasurer, Wayne Swan, used the ...................... of Hurricane Katrina to convince his audience
that through crisis came a better understanding of underlying weaknesses in a system.
8. Trade ............................ is how countries raise tariffs and reduce imports to protect their domestic
industries.