Ex. 26. Render the article.

One \V6rld

Reading newspapers about wars, ethnic and religious conflicts one may get the impression that the world is splitting apart. It may well be true: some countries are fragmenting into smaller independent nations. At the same time, however, another phenomenon is occurring that is bringing the world closer together, one that is making it truly one world.

The trend toward one world starred back in the 1960s as the cost of trans­porting goods fell and, more importantly, as methods of communication be­came cheaper and faster. This brought about an unprecedented degree of mobility of human, financial, and physical capital, of entrepreneurship, and of entire firms.

Many countries (among them Hong-Kong and Singapore) opened their economies to international flows of trade, capital, people, and technology. Companies began looking for markets and supplies well beyond their own borders, which caused a boom in international trade.

The spread of international trade intensified with unification of Europe in the early 1990s, as well as with the development of tree trade zones in the world.

The number of multinational businesses is also growing. In any one year, the 100 largest multinational firms based in the United States now generate between $500 and $600 billion in foreign sales. They work for their sharehold­ers scattered throughout the globe and not for their home country,

On the money side, the globalisation of financial markets has been dra­matic. Financial markets have formed one big international capital pool whose home is a worldwide computer network that never sleeps, with the buying and selling of foreign currencies 24 hours a day, 7 days a week.

There is even a worldwide stock market. Foreigners can own British secu­rities firms and gain admission to the London Stock Exchange. The same is true in Germany and France. Tokyo opened the doors to foreign membership on its stock exchange in 1988.

Globalisation is not limited to business and economy.

Mankind has realised the danger of ecological problems. The sense of collective responsibility for the ecological safely on our planet is growing.

16. him.vu.-i.:

Unit 6

Due to the development of The media globalisation has embraced culture. The world is being integrated culturally and linguistically, television becoming the most important force for globalisation.

With the increased globalisation, however, problems have come.

Those countries willing to participate in the global economy - to let goods, capital, technology, people, and ideas flow in and out - share in the world­wide advance in knowledge and prosperity, But at the same time, " going glo­bal" undermines the very sovereignty of nations, countries lose their national identities.

Globalisation affects the labour market, causes the worldwide division of have and have-not countries, it may create large income disparities.

Ex. 27. Translate the text into Russian and analyse grammatical and lexical problems of the translation with > ш г teacher.