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1、Global Economy-全球经济,NO.25,2,Following are some of the common terms you are likely to hear in any discussion about the global economy:(以下是一些探讨全球经济的常用术语:)Balance of trade:进出口贸易差额Different in trade(value of a countrys import and export of merchandise),expressed as a monetary figure,between any two coun
2、tries or any two regions.,3,WTO:世界贸易组织World Trade Organization,established in 1995,is responsible for monitoring national trading policies,handling trade disputes,and enforcing the GATT(General Agreement on Trade and Tariffs)agreements,which are designed to reduce tariffs and other barriers to inter
3、national trade and to eliminate discriminatory treatment in international commerce.,4,Competitive advantage:竞争优势A nations competitiveness depends on the capacity of its industry to innovate and upgrade.Free Trade:自由贸易 Trade or commerce carried on without such restrictions as import duties,export bou
4、nties,domestic production subsidies,trade quotas,or import licenses.,5,Capital flow:资本流动Movement of large sums of money from one country to another to seek higher rates of return and for investment purposes.GNP:国民生产总值Gross National Product,total value of goods and services produced in an economy ove
5、r a particular period of time,usually 1 year.,6,GDP:国内生产总值Gross Domestic Product,same as GNP,with the exception that the total value of goods and services excludes foreign investments and the total value of exports.,7,Repatriation of profits:利润回流Return of the financial assets or generated income of
6、an organization or individual from a foreign country to the home country,Tariffs:关税Tax on imports usually imposed to raise revenue or to protect domestic firms from import competition.,8,Usage,Here are some sentences with terms commonly used to discuss global economy issues:(以下是在探讨全球经济问题时普遍应用的句子:)Wh
7、ile the trade representatives were discussing the balance of trade between their respective nations,their heads of state were having a heated discussion about environmental affairs.,9,Almost all nations of the world belong to the WTO.Why do we have such a trade deficit with that country?Are we losin
8、g our competitive advantage?We believe that free trade is essential in driving a healthy and growing global economy.,10,The capital flow from countries A to B was instrumental in creating new industries and new jobs in country B.Some companies annual revenues are larger than the GNP of many countrie
9、s.,11,That comparison is not valid.Youre comparing the GDP of one country to the GNP of another.To meet our mounting debts,we must repatriate all our profits,or well go under.The tariffs on imported luxury cars have just been lowered.We can bring in our dream car,now.,12,Summary,Most countries produ
10、ce something either exclusively,cheaper,better,and/or in over-abundance.Most countries(or the citizens in them)want or need something that is produced somewhere else.Establishing good trade relationships and maintaining them is crucial to the health of the global economy.,13,大多数国家都会生产一些要么独一无二的,要么更便宜的,要么质量更好的或富余的产品。多数国家(或者其国民)都希望或需要一些其他地方生产的东西。因此,建立并尽力维持良好的贸易关系对全球经济的健康发展是至关重要的。,