现代大学英语第四册第八课教案(5)

Para. 22

What prevented the Asian crisis from becoming a full-scale global economic downturn has been the astonishing U. S. economy.

downturn: a tendency downward, especially in business or economic activity Word-formation: adverb + n.

e.g. upturn, downpour, downfall, uproar, input, output, outcome, outset, outlook, onrush

P: It was the surprisingly vigorous growth of the U. S. economy that saved the Asian crisis from escalating into an all-round economic depression.

Para. 23

current-account：an account of credits, debits, receipts, and expenditures between two countries 经常项目账目

balance of payments: the difference between a country’s imports and exports 国际收支

e.g. balance of payments surplus 国际收支顺差/盈余 balance of payments deficit 国际收支逆差/亏损

Para. 25

…a slowdown or recession-reflecting a decline in the stock market, a loss of consumer confidence or higher interest rates-might snowball into an international slump.

snowball into: to grow into; to escalate into; to develop into with escalating speed

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Poor economic performance is usually described as economic stagnation, a slowdown, a slackening, a downturn, a decline, a setback, a recession, a depression, a slump, or a crisis, roughly in the order of seriousness.

P: A slowdown of the U.S. economy might develop into a serious international depression because the world economy is so dependent on it.

Para. 26

gross domestic product: GDP 国内生产总值 C.f. GNP

projection: forecast; estimate

If the forecasts materialize-and the OECD’s growth estimates for Japan exceed most private forecasts-they will restore some balance to the world economy and relieve fears of a global recession.

materialize: to become actual fact; to come true relieve: to alleviate or to reduce

P: If the forecasts come true-and the OECD’s growth estimates for Japan are higher than most private forecasts-they will, to some extent, help the world economy return to its earlier balance, and reduce the fear or a worldwide recession.

Para. 28

It remains possible that abrupt surges of global capital, first moving into Asia and then out, will have caused, with some delay, a larger instability. surge: a sudden and great increase

e.g. There has been a surge in house prices recently.

P: It is still possible that sudden increase or withdrawal of the world’s capital, first moving into Asia and then out of it, will have made Asia more unstable.

Para. 30

The street protesters at the Seattle meeting…opposition to cross-border mergers.

agenda: a list of things to be done; a program a case against sth.: grounds for opposing sth. inspire: to stimulate; to create

genetically modified food 转基因食品

nationalistic opposition: opposition based on your loyalty to your nation’s interests viewed as separate from international common interests

P: The street protesters…may not have a common program or even

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well-reasoned case against free trade. But they showed clearly their worries and anger about globalization.

Para. 32

Just because globalization is…against foreign investors.

irreversible: incapable of being reversed; impossible to return to a previous condition

e.g. Technology has had an irreversible impact on society

shield: v. to protect

e.g. The ozone layer shields the earth from the sun’s radiation. Several officials are accused of trying to shield the defendant.

discriminate against sb.: to act on the basis of prejudice against sb.

e.g. She felt she had been discriminated against because of her nationality.

P: just because globalization on the whole occurred quite naturally as a result of better communications and transportation, it does not mean that it is bound to happen and can not be turned back. Government can … protect local industries and workers against imported products or discriminate against foreign investors.

Para. 33

But this does not mean that a powerful popular backlash, with unpredictable consequences, is not possible.

backlash: an excessive or marked adverse reaction

P: But this does not mean that a powerful hostile reaction from ordinary people, which will have unpredictable consequences, is not possible.

A plausible presumption is that practical politicians would try to protect their constituents form global gluts. plausible: seeming likely

presumption: supposition; assumption

constituent: sb. represented by an elected official glut: an oversupply of sth.

P: We can presume that practical politicians would no doubt try to protect their voters from th flood of products form other countries. Para. 34

If too many countries did, globalization could implode.

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implode: if something such as an organization or an economic system implodes, it is completely destroyed by things that are happening within it

e.g. The country’s economic system is facing very serious problems. If they are not addressed immediately and effectively, it could implode any day

C.f. explode: to burst or be destroyed by an explosion

P: if too many countries did, globalization could collapse violently from the inside.

It’s a scary prospect. Economic interdependence cuts both ways. prospect: sth. to be expected; possibility

interdependence: mutual dependence; the condition of depending on each other

cut both ways: (infml.) to have disadvantages as well as advantages

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