Iii основы реферирования и аннотирования. Практические рекомендации

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Expand the debate on globalisation.
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EXPAND THE DEBATE ON GLOBALISATION.



Asia’s financial crisis is stoking the debate over globalization. It can be a whirlwind of trade and in­vestment that builds economies and spurs develop­ment in even the world’s poorest nations. But it can also bring economies low overnight.

Globalization’s effects have been overwhelmingly good. Spurred by unprecedented liberalization, world trade con­tinues to expand faster than overall global economic output, inducing a wave of productivity and efficiency and creating millions of jobs. Even more impressive is the stunning in­crease in international investment that is building roads, air­ports and factories in poorer countries. In the 1990s alone, foreign investors have poured $1 trillion into developing economies. This trade and in­vestment is raising living stan­dards in some countries faster than many thought possible. Until recently, it took at least two generations for living standards to double, but in China, living standards now double every 10 years.

But while globalization has raised living standards for many, it has made life more difficult for those dislocated by change and it threatens to leave part of the world behind. It is no coincidence that the disappointing economic performance in much of Sub-Saharan Africa reflects a failure to integrate into the world econ­omy and, thus, to trade successfully and attract investment.

The foremost challenge of globalization is to ensure that its fruits extend to all countries. Most forecasts say that eco­nomic growth in the developed world will continue to slow, and that expanding markets in developing countries are needed to ensure that living standards continue to rise.

The second challenge of globalization is to allay the fear that the growth it brings is inherently destabilizing. The Asian crisis, threatening some of the most formidable eco­nomic competitors in the world, amplifies these fears. Nev­ertheless, the costs of being left behind by globalization are usually much greater than the losses caused by instability.

The third challenge of globalization is to address the con­cern in wealthier nations that international competition will harm living standards. There is ample evidence that stagnant wages in the United States and unemployment in Europe have other causes - technological change, poor education, Europe’s inflexible labor markets, high taxes and an aging workforce. But polls show more and more people believe the causes lie in worldwide trade and investinent. This undermines the kind of leadership needed to respond to the Asian financial crisis and deal with other global pioblems.

The fourth challenge of globalization is to tackle the problems complicated by expanded trade and investment-environmental degradation, disease, migration, crime and terrorism. Our ability to confront this set of new, post-Cold War challenges will require greater global cooperation.

There is no doubt that globalization of trade and investment has in some ways weakened the independence of national governments and made life less predictable for many individuals. But those who would erect barriers to trade and investment to try to recapture an earlier era of independence confuse the cause and effect of globalization. In pursuit of higher living standards, we have created this new world of global markets and instant communication to deliver gains in efficiency and compe­tition that are beyond the powers of national governments. The goal is not.to disenfran-disenfranchise the individual, but to lower costs, broaden choices, deliver more capital and open more markets, giving the indi­vidual more power to control his or her destiny.

The challenges raised by globalization yield no easy an­swers. They strain the abilities of national governments to confront them independently.


VOCABULARY


1. to stoke debate

вызывать бурные споры

2. whirlwind of trade and investment

высокая степень активизации мировой торговли и инвестиций

3. challenges of globalisation

1) движущие силы глобализации; 2) цели (задачи), возникающие в условиях глобализации (обеспечить, достичь, преодолеть и т.д. в зависимости от контекста)

4. to address the concern ...

зд. решить проблемы, которые вызывают беспокойство (заняться проблемами...)

5. to tackle the problems

решить проблемы

6. post Cold - War challenges

зд. проблемы и тенденции в период после холодной войны

7. disenfranchise

лишить гражданских прав

зд. Лишить национальных различий.

8. overall global economic output

общемировой ВВП


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