What has brought about unbelievable advancement of the global economy in the latest 20 years?A．Top American manager.B．Global capitalism.C．Technology and economic integration.D．The global labor force.

Which of the following statements is true according to what was said in the recording?

Practice 6　　The financial crisis presents an opportunity for China to seize the leadership baton for globalization and become its centre for goods, services and capital, while catalyzing a new China boom that could last a decade or longer. That boom could turn China into the world’s largest economy—and a developed country—within two decades.　　The global economy has run like a motorcycle, with American consumption as one wheel and China’s savings as the other, with everyone else piled up on top. The sustainability of this world depended on foreigners believing in the Wall Street debt instruments that paid for America’s imports while keeping inflation at bay. Inflation came three years ago with surging oil prices. The tightening that accompanied it burst the US property bubble in 2006. It took another year for the subprime market, and still another for financial derivatives, to blow up. The resulting crisis has destroyed Wall Street’s credibility. The motorcycle economy has fallen over.　　The global financial crisis is casting a shadow over globalization. Developed economies may resort to protectionism to keep jobs at home, leading to a vicious cycle of recession and more protectionism. China is in a position to carry the baton for globalization.

Although the American economy has transformed itself over the years, certain issues have persisted since the early days of the republic. One is the continuing debate over the proper role for government in what is basically a marketplace economy. An economy based on free enterprise is generally characterized by private ownership and initiative, with a relative absence of government involvement. However, government intervention has been found necessary from time to time to ensure that economic opportunities are fair and accessible to the people, to prevent flagrant abuses, to dampen inflation and to stimulate growth.Ever since colonial times, the government has been involved, to some extent, in economic decision-making. The federal government, for example, has made huge investments in infrastructure, and it has provided social welfare programs that the private sector was unable or unwilling to provide. In a myriad of ways and over many decades, the government has supported and promoted the development of agriculture.

Which of the following is true about the Japanese economy, according to the passage?

Power and Cooperation: An American Foreign Policy for the Age of Global Politics　　The age of geopolitics in American foreign policy is over; the age of global politics has begun. Throughout the twentieth century, traditional geopolitics drove U. S. thinking on foreign affairs: American security depended on preventing any one country from achieving dominion over the Eurasian landmass. That objective was achieved with the collapse of the Soviet Union. Now the United States finds itself confronting a new international environment, one without a peer competitor but that nonetheless presents serious threats to American security. The terrorists who struck the World Trade Center and the Pentagon neither represented a traditional state-based threat nor were tied to a specific geographical location. Nevertheless, nineteen people with just a few hundred thousand dollars succeeded in harming the most powerful nation on earth.　　For more than three centuries, the dynamics of world politics was determined by the interplay among states, especially the great powers. Today, world politics is shaped by two unprecedented phenomena that are in some tension with each other. One is the sheer predominance of the United States. Today, as never before, what matters most in international politics is how—and whether—Washington acts on any given issue. The other is globalization, which has unleashed economic, political, and social forces that are beyond the capacity of any one country, including the United States, to control.　　American primacy and globalization bring the United States great rewards as well as great dangers. Primacy gives Washington an unsurpassed ability to get its way in international affairs, while globalization enriches the American economy and spreads American values. But America’s great power and the penetration of its culture, products, and influence deep into other societies breed intense resentment and grievances. Great power and great wealth do not necessarily produce greater respect or greater security. American leaders and the American people are now grappling with the double-edged sword that is the age of global politics.

What does the world bank study show?

Which of the following is NOT true about new information and communication technologies?

Practice 3　　What today’s global market economy teaches many of us who are involved in political life, is that even when they are inconvenient, the laws of economics, like the laws of physics, cannot be repealed for the convenience of governments. The economic principles for national success are as difficult to implement as they are easy to state. There is a paradox in all our countries at this moment. Just as a new global economy creates more to look forward to than ever before, it also brings more uncertainty and more change to worry about than ever before. That is why the challenge of crafting economic policy in your country as in mine is one of balance. A balance between moving toward necessary objectives and maintaining stability. A balance between responding to global realities and upholding domestic traditions. And a balance between the virtues of competition as the best known motivator and driver of success, and the importance of cohesion and cooperation as sources of strength for our societies. These balances will have to be struck and calibrated every year in every country in this new global economy. These measures are what one might call the intangible infrastructure of a modern market economy.