现代大学英语精读4+lesson8.pptVIP

Globalizations Dual Power Globalization is a double-edged sword. It is much like fire. Fire itself is neither good nor bad. Used properly, it can cook food, heat our homes. Used carelessly, fire can destroy lives, towns and forests in an instant. New products New services New investment and markets New technologies and management skills Higher living standards More debt More instability A greater gap between rich and poor Worse environmental degradation Loss of identity Globalization: a trendy word for an old process the trade around the Mediterranean , trade across the Atlantic after the discovery of America, In the 1980s and 90s, especially after the Cold War, with the help of GATT (today the WTO), the World Bank , and with easy transportation and communication facilitated by technological advances global economic integration Current Economic Globalization New products and services, new investment and markets, new technologies and management skills, higher living standards More debt, instability, far worse environmental degradation, loss of national and cultural identity Do the merits of current globalization outweigh its demerits? A powerful vehicle A trendy word Capital flows Bond financing Equity investment Cross-border mergers and acquisitions Current-account deficit (favorable) Balance of payments Crony capitalism Component manufacturing A scary prospect A plausible presumption Genetically modified food To lack a common agenda To erode the local culture Seek membership Maximize their presence Spread technology 双刃剑 国家主权 可怕的难题 贸易协商 经济一体化 日益下降的成本 海底电缆 一个经济实体 多边机构 随之而来的金融危机 扣除涨价因素 全球资金突然大量流入（出） 国际金融研究所 全面经济下滑 不平衡的贸易 繁荣－衰退周期 管理技能 产品设计 无法预计的后果 高成本工业 经济合作与发展组织 Double-edged sword Something that is both positive and negative Eg: She paid me a double-edged compliment, saying that my work was excellent for a beginner. Consist in/of/with The beauty of the plan consists in its simplicity. Theory should consist with practice. The United Kingdom consists o