商务英语阅读(第二版) 王关富Unit2The_World_Economic_Forum 课后答案.docVIP

Unit 2 A Changed Global Reality Exercises 1. Answer the questions on the text: 1) What are the features of the two major economies that the world has seen for more than 200 years? One has dominated technological innovation and trade and amassed great wealth. The second—much of it politically under the thumb of the first—has remained poor and technologically dependent. 2) How much did low-and-middle-income countries contribute to world growth in 2010? Almost half (46%) 3) Taking a long term view, why is it good news that developing countries are growing fast? As billions of poor people become more prosperous, they will be able to afford comforts their counterparts in the rich world have long considered the normal appurtenances of life. 4) What are the worst-case scenarios that Europe has so far avoided? A collapse of the euro, a debt crisis that spills from small economies such as Greece and Ireland to much bigger ones like Italy and Spain, and bitter social unrest in those nations that are having to massage wages down while cutting public budgets. 5) Why does Jim Walker think that 2011 will be a “year of reckoning”? Because Jim Walker thinks that the rebound in the US is a mirage created by excessive stimulus. He expects the US to slip into the double dip it dodged in 2010. 6) Why has the private-sector debt crisis of 2008-2009 morphed into a public-sector debt crisis in 2010-11? It has been the result of the debt and deficits amassed in the process of stimulating economies and bailing out banks during the downturn. 7) What are the risks that emerging economies face? a. sharp rise in inflation b. rising oil prices c. soaring food price 8) What did China and India do to cope with inflation and rising food prices? China raised the reserve-requirement ratio; India resorted to diplomatic means when Pakistan temporarily cut off some exports of onions to the country. 9) How can the disaffection with global capitalism in the developed world be prevented from turning