Unit One International Trade (III)
(2011-09-10 11:37:22)
September 10, 2011
pro, upload up class notes, and pay attention to the back of the work done! If you have any questions you can message me! I will return to you, oh!
strong> In addition, two classes of students to remember the duty report next week, oh, it should point the first two students were on the roster, please spread the Oh! !
strong> pro, happy Mid-Autumn Festival! ! Eat moon cake, long rattle Oh!
strong> About the Author
strong> Daniel Griswold: Daniel Griswold is director of the Center for Trade Policy Studies at the Cato Institute in Washington , DC, and the author of the new Cato book, Mad About Trade: Why Main Street America Should Embrace Globalization. Since joining Cato in 1997, Mr. Griswold has authored major studies on globalization, trade, and immigration. He written articles for major newspapers, appeared on CNBC, C-SPAN, CNN, PBS, and Fox News, and testified before House and Senate committees. Earlier in his career, Mr. Griswold was an editorial page editor of a daily newspaper, the Colorado Springs Gazette, and a congressional press secretary. He holds a bachelor degree in journalism from the University of Wisconsin at Madison and a diploma in economics and a master degree in the Politics of the World Economy from the London School of Economics.
Proper Nouns
strong> Cato Institute (USA) Cato Institute: The Institute was founded in San Francisco, California in 1977 by Edward H. Crane and initially funded by Charles G. Koch. Libertarian economist Murray Rothbard was one of the founding members of the institute board before leaving in 1981.
The Institute is named after Cato Letters, a series of British essays penned in the early 18th century by John Trenchard and Thomas Gordon expounding the political views of philosopher John Locke. The essays were named after Cato the Younger, the defender of republican institutions in Rome. Cato relocated to Washington, DC in 1981, settling first in a historic house on Capitol Hill. The Institute moved to its current location on Massachusetts Avenue in 1993.
Main Street the general public, ordinary people: In the general sense, the term “Main Street” refers to a place of traditional values. In the North American media, “Main Street,” or the interests of everyday working-class people and small business owners, is sometimes contrasted with “Wall Street” (in the United States) or “Bay Street” (in Canada), symbolizing the interests of corporate capitalism. For example, in the middle 20th century the Republican Party was sometimes divided between “Wall Street” (socially liberal) and “Main Street” (socially conservative) factions, of which the latter came to predominate late in the century. < br />
National Bureau of Economic Research (NBER) (USA) National Bureau of Economic Research: The National Bureau of Economic Research is a US private, nonprofit research organization dedicated to studying the science and empirics of economics, especially the American economy. It is “committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community”. It publishes NBER Working Papers and books. The NBER is located in Cambridge, Massachusetts with branch offices in Palo Alto, California , and New York City.
The NBER is the largest economics research organization in the United States. Sixteen of the thirty-one American winners of the Nobel Prize in Economics have been NBER associates, as well as three of the past Chairmen of the Council of EconomicAdvisers, including the former NBER president, Martin Feldstein. NBER research is published by the University of Chicago Press.
Progressive Policy Institute (PPI) American Progressive Policy Institute: The Progressive Policy Institute is a think-tank in the United States, founded in 1989 and affiliated with the Democratic Leadership Council, which styles itself as promoting the ideas of “New Democrats”. It covers a very wide range of issues and describes itself as centrist, although progressive critics frequently describe it as conservative, neoconservative, or neoliberal. Its current president is Will Marshall, who writes frequently on foreign policy, defense, national service, globalization and trade policy, and cultural issues.
Lou Dobbs Lu said Booth: Lou Dobbs (Louis Carl), born on September 24, 1945, is an American radio host, former television host, and author. He anchored CNN Lou Dobbs Tonight until November 2009 when he announced on the air he would leave the cable network. He was born in Texas and lived there and in Idaho during his childhood. After graduating from Harvard University, Dobbs worked in government and banking before becoming a news reporter for several local media outlets. He worked with CNN since it was founded in 1980 and served as a reporter and vice president. He was the host and managing editor for CNN Moneyline, which premiered in 1980 and was renamed Lou DobbsTonight in 2003. Dobbs resigned from CNN in 1999, rejoined in 2000, and resigned again in November 2009. He also hosts a syndicated radio show, Lou Dobbs Radio and has written several books since 2001.
Kodak Kodak: Eastman Kodak Company is a multinational US corporation which produces imaging and photographic materials and equipment. Long known for its wide range of photographic film products, Kodak is refocusing on two major markets: digital photography and digital printing.
It was founded in 1892. The company is incorporated in New Jersey but has its offices in Rochester, New York. George Eastman, Kodak founder, coined the advertising slogan, “You press the button, we do the rest.”
Craigslist (the United States, a large free classified ad sites ); Craig network: Craigslist is a centralized network of online communities, featuring free online classified advertisements – with sections devoted to jobs, housing, personals, for sales, services, community, gigs, résumés, and discussion forums . Freedom House (USA) Freedom House: It is a Washington-based international non-governmental organization that conducts research and advocacy on democracy, political freedom and human rights. It publishes an annual report assessing the degree of perceived democratic freedoms in each country , which is used in political science research.
Words and expressions strong> free trade strong> : Free trade is a type of trade policy that allows traders to act and transact without interference from government. Thus, the policy permits trading partners mutual gains from trade, with goods and services produced according to the theory of comparative advantage. strong> free trade
strong> strong> Part 1: Introduction
strong> 1. What the economic populists opinion about free trade?
strong> 2. Why are the populists considered wrong on the issue of trade?
strong> Tune:
strong> n. Melody, a well-marked melody melody, song (especially obvious melodic tunes)
change one tune: strong> to change a person behavior or attitude
dance to sb tune strong> to listen to someone directing
in / out of tune with sb. / sth. strong > pitch or tone of the correct / incorrect; coordinated / uncoordinated; harmony / disharmony
The violin is not quite in tune with the piano.
feel out of tune with one surroundings, companions
Sing a different song / tune strong> to change the view of someone or something
You say you don believe in marriage, but I bet you sing a different tune when you finally fall in love.
To the tune of sth. strong> reach a certain number of significant
< br /> He was fined for speeding to the tune of £ 200.
v. adjust to the correct pitch; to … mixer; adjust so that it runs smoothly and efficiently adjust to the normal operation of the < br />
Tune in to: strong> adjust the controls of a radio, TV, so that it can receives a certain programme to listen to, watch
Millions of viewers tune in to the news program every day.
Stay tuned to us for the latest sports results.
Tune sb. in to sth. strong>: make sb. sympathetically aware of other people thoughts and feelings (often passive) people appreciate or understand
Voters always elect the candidate most tuned in to their needs.
Tuneful tone beautiful, sweet
Tuneless sub-tone, not sweet
Tune-up adjustment hit sb. over the head: strong> 1) to say sth. repeatedly; be so repetitive as to become redundant or annoying We were simply hit over the head by his treacherous tricks. The young man hit the people present over the head with his grievances. You don have to hit me over the head with it – I can understand. 2) to strike on the head; give sb. a blow on the head The angered girl hit him over the head with a stick. strong> economic populist: < / strong> Someone who supports or expresses the interests and opinions of ordinary people, appealing to these people, and attempting to protect and increase benefits, well-being of the working class. economic populist
strong> sacrifice:
strong> vt.to kill an animal or person in a religious ceremony as an offering to a god worship, sacrifice, sacrifice give up sth usu in return for sth. more important or valuable to give up something in order to be more important or more valuable things
The local people sacrificed a chicken and a lamb to their god.
The car designers have sacrificed comfort to economy.
n. sth. that is surrendered or given up for the sake of sth. else more important or valuable
The parents had to make great sacrifices in order to pay for their children education.
These international volunteers are willing to make any sacrifice for global peace.
Sacrificial adj . strong> dedicated products, sacrifice, sacrifice of
strong> Sacred strong> ritual, holy, holy
strong> strong> globalization strong>: Globalization describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation.
globalization blessing
strong> God favor and protection divine, God sanctuary; short prayer prayer; thing that one is glad of; thing that brings happiness pleasing thing, to bring happy things
ask for God blessing May God bless
say a blessing prayer
What a blessing you weren hurt in the accident! you do not hurt in the accident lucky ah!
a blessing in disguise curse in blessing
economic openness: strong> An economy that is market-oriented, mostly free from trade barriers and where exports and imports form a large percentage of its GDP. Degree of openness of an economy determines a government freedom to pursue economic policies of its choice, and the susceptibility of the country to international economic cycles. economic openness
strong> Part 2: paragraph 3 Transition paragraph
strong> Tout
strong> v.
strong> 1) tout (for sth)
strong> try to get people to buy one goods or services; strong> advertise in strongly positive terms; sell merchandise, solicit business
This product was touted as a revolutionary invention.
touting for custom
2). show off show off, boast (synonym) boast
3). n. tout, solicit business people
a ticket tout
slump:
v. fall or flop heavily; a heavy fall, fall (of prices, trade, business activity) fall suddenly or greatly (prices, trade, business activities) or a sudden sharp fall
What caused share values ??to slump?
n. period when business is bad, sales are few; depression period of recession, recession, trough
a slump in her career
in a slump: in a period of time when an industry or economy is bad and there is a lot of unemployment
The airline industry has been in a slump since late 2007.
People are not buying cars and our profit has been declining over the past months. The auto industry is currently in a serious slump.
monetary policy strong> The process a government, central bank, or monetary authority of a country uses to control the supply of money, availability of money, and cost of money or rate of interest to attain a set of objectives oriented towards the growth and stability of the economy. Monetary policy is referred to as either being an expansionary policy, or a contractionary policy, where an expansionary policy increases the total supply of money in the economy, and a contractionary policy decreases the total money supply. Expansionary policy is traditionally used to combat unemployment in a recession by lowering interest rates, while contractionary policy involves raising interest rates to combat inflation. Monetary policy is contrasted with fiscal policy, which refers to government borrowing, spending and taxation. monetary policy
< br /> strong> housing policy strong> A policy usually laid down by a central government over planning, construction and sales of housing. The objective should be to build sustainable communities, and to meet individual accommodation needs in a manner that facilitates and empowers personal choice and autonomy. The policy should also be designed to enable every household to have an affordable dwelling of good quality, suited to its needs, in a good environment and as far as possible at the tenure of its choice. The general principle underpinning the housing objective is that those who can afford to provide for their housing needs should do so either through home ownership or private rented accommodation and that targeted supports should be available to others having regard to the nature of their needs. the real estate policy
YOUR HOMEWORK:
strong> FOR PART THREE
COMPREHENSIVE QUESTIONS:
< br /> 1. What impact do the highest remaining US trade barriers have on the poor?
2. How does the author refute Obama remarks on trade?
3. What is the big lie in the trade debate?
