Lesson 6
international business
text
the international corporation or global company has its origin. usually it is the outgrowth of the great trading companies of the 17th and 18th centuries. in 1811 a new york statute said corporations could be created by the filing of documents. after that it became a matter of bureaucratic operations to become a corporation. by 1850 it was a very common thing in the united states and was under general statute in european countries as well. since that time the corporate movement began. as the jet plane, satellite communications and computers began, it became possible for a company to control business in all the world.
the growth of international corporates operations is faster than the economic growth of the industrialized nations. there are some projects which predict that within a generation almost a half of the free words production will be internationalized.
this trend for internationalism presupposes some benefits such as new jobs, higher living standards and the closing of the gaps between people – economic, educational and technological. at the same time serious questions can be asked. is it the most efficient way to use world researches? can the international corporation be the best force for a better world? is it politically stronger than government? can it take care of the self interest and competitiveness on behalf of the greatest good? and in what way can the global company work toward easing the worlds crises – monetary, political, energy and food?

comprehension question:
what are your own answers and explanations to this problems?

vocabulary exercise
exercise 1. use the structure of the model to respond the following sentences. model: is it basically a japanese corporation? (yes)
it's basically a japanese corporation, isn't it?
is the overseas branch open? (no)
the overseas branch isn't open, is it?
1. are many businessmen piling up capital surpluses? (yes)
2. is ussr the part of the common market? (no)
3. is the new york bank accepting russian rubles? (no)
4. is britain one of the common market countries? (no)
5. is the company starting a branch in china? (yes)
6. is internationalism a modern trend? (yes)
7. is the subject clear? (no)
exercise 2. change the sentences according to the model.
model: why would you sell automobiles to a company in japan? (tell me, please) tell me, please, why you would sell automobiles to a company in japan.
1. how does this bank deal with different currencies? (explain)
2. where will you deliver the computer? (let me know)
3. when did they order the merchandise? (i don't know)
4. how did they sell the draft at discount? (it's hard to say)
5. how did they get the extension of credit? (explain)
exercise 3. answer the questions.
1. do you have plans for international cooperation for your business?
2. what obstacles are there on the way of development of international cooperation in country?
3. what branches of business will develop fast in the sphere of international cooperation?
4. do you think that internationalism will help to solve many social problems?
5. what place do you think country will take in international economy?
exercise 4. translate into english.
1. многие международные корпорации возникли в результате объединения известных компаний.
2. спутниковая связь развитию международных корпораций.
3. банк затребовал чеки.
4. компания просит продления кредита
5. обратитесь за кредитом в наш британский филиал.
6. чистая прибыль от продажи этого товара будет высокой.
7. нам необходимо накопить капитал для реконструкции производства.
8. британская сторона отвечает за пересылку.