To involve

1. Translate into Russian:

1) My studies at university involve a great deal of hard work.

2) The students of our college are involved in the decision-making process,
which gives them valuable experience for their future work.

3) Buying shares involves some risk.

4) His job involves collecting statistics.

5) I'm involved in an interesting project now.

2. Are any of the sentences true for you?

Comment on 2) and 3).

Effect, to have an effect

1. Translate into English:

1) Наши доводы на него не подействовали.

2) Его речь произвела на меня впечатление.

3) Изменение условий жизни оказывает воздействие на здоровье че­
ловека.

4) Принятие этого закона скажется на экономике страны.

5) Конкуренция оказывает воздействие на цены.

Comment on 5).

Ex. 2. Bear out (подтвердите) the following statements using the information from Text A:

1. The world economy is increasingly becoming a single economic unit.

2. Over the last few decades export and import shares of output have in­
creased considerably in practically all industrial sectors.

3. Nevertheless, serious economic and social challenges remain.

Ex. 3. a) Fill each gap with a suitable word from the box. h) Explain how a company niav go international.

The Multinational Enterprise

Trade among people is older than.... Before the nineteenth centuiy, com­panies were concerned mostly with trade. But in the nineteenth century for­eign... became more important. By the end of the nineteenth century, foreign operations became more.... Foreign operations on the modern scale began after World War II.

Many firms began to operate outside their home country. A joint venture was one... to set up a foreign operating base. A foreign branch was another. Finally, a firm could... a foreign subsidiary. A firm that had operations in several countries became known as an international enterprise.

Corporations in many countries grew into multinational.... MNEs carry on operations in countries at all levels of economic.... Their operations often raise... issues, MNEs like to point out that they bring growth and... to Third World countries, and that is true enough. But the,,. say that the growth they bring is often....

They say that the MNEs want nothing from the Third World except natu­ral..., and that they bring no real benefits to most of the.... Meanwhile, Third World countries are creating multinationals of their own.