Unit 8 – Multinational corporation

Reading
1. Multinationals are large international companies which produce goods in
several countries./ has subsidaries in many coutries.
2. Benefits :
- provide the capital which poor countries need for their economic growth.
- share technology with local business
- introduce our scientific and technical methods to them.
- Be responsible for raising living standards.
3. Lantin America banks believe because multinationals have mostly used capital
provided by local banks and investors, and have not brought in capital from the
United States and Europe, there is a shortage of money to finance local
businesses.
4. Because cranes, bulldozers and other labour-saving machinery are replacing
them.
5.
a. a hoe is used for digging soil.
b. an ox-plough uses for is used for digging and mixing soil.
c. a tractor is used for digging soil even more quickly and efficiently than hoe and
plough.
d. a crane is used for lifting heavy objects
e. a bulldozer is used for straightening roads.
Exercises
Ex1.
(1) set up
(2) incentives
(3) train
(4) prosperity
(5) attitude
(6) dominate
(7) bring out
(8) investors
(9) equity
(10) employ
(11) levels
Ex2,
1. subsidiaries 2. affiliates 3. tariffs 4. quotas
5. economic 6. booming 7. joint 8. venture
9. shares 10. returned 11. guidelines 12. legally
 13. effective 14. overcapacity

Ex3
a. enterprising (a) b. differentiate (v) c. basically (adv)
d. tensive (a) e. threat f. richness
g. marketable h. worrying i. indecisive
j. remotely k. intrusive l. involvement
m. strategic