94715

INTERNATIONAL BUSINESS

Конспект урока

Иностранные языки, филология и лингвистика

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.

Английский

2015-09-16

88 KB

0 чел.

4

Lesson 15

INTERNATIONAL BUSINESS

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 Slates 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 appeared, it became possible for a company to control business in the entire world.

The growth of international corporate 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 world's 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 world's crises – monetary, political, energy and food?

Active Vocabulary

multinational corporation

международная корпорация

global company

международная компания

outgrowth

продукт, результат

statute

законодательный акт

satellite communication

спутниковая связь

closing of the gaps

сближение границ

jet plane

реактивный самолет

bureaucratic

бюрократический

Comprehension Questions

  1.  What is the origin of the multinational company?
  2.  When did the corporate movement begin?
  3.  Why did it become possible for a company to control enterprises on the other side of the globe?
  4.  How quickly is internationalism growing?
  5.  What can internationalism bring?
  6.  What problems can arise with internationalism?
  7.  What are your own answers and explanations to these problems?

Vocabulary Practice

Choose the necessary word and put it in the sentence.

  1.  All countries must prepare for possible energy … in the future and save fuel.
  1.  internationalized
  1.  If you want to form a corporation today you must fulfill ... operations.
  1.  statute
  1.  When one deals with the currency of another country, it is necessary to know the current … exchange rate.
  1.  bureaucratic
  1.  ... is one factor to influence the growth of international business.
  1.  monetary
  1.  Some analysts state that most of the free world's production will be … within a generation.
  1.  crisis
  1.  In 1985 the ... said that cooperatives could be created.
  1.  satellite communication
  1.  International corporation is very often an ... of old trading companies.
  1.  outgrowth

Dialogue

Nick and Ann are having lunch. Nick is an executive in the international computer company.

Nick

Do you like the idea of taking a month's trip to Europe and the Far East?

Ann

What? You are kidding.

Nick

No. First of all I must say that it's a business trip. The company wants me to visit some of our operations. I should have meetings about the new computer I am developing. They think if we combine expertise we'll advance more quickly.

Ann

Oh, Nick. It's great. Where are we going?

Nick

To 9 countries. We have 9 development laboratories. In fact, only now I realize how large the company is, a real global company.

Ann

But the company started here in America.

Nick

Yes. In this sense, we're American. Each company has to be incorporated somewhere, here or in Japan or Canada or India. But our corporation is a real multinational one.

Ann

What does it mean then?

Nick

Well, we are in 126 countries and we have there 125000 employees. We do our business in 28 languages and more than 32 currencies. Our plants are situated in 13 countries and we have 8 development labs.

Ann

Now I see. You are multinational. But such industries as shipbuilding, aircraft, automobiles can't survive without selling abroad.

Nick

Right. By the way, do you know that for the last seven years more than half of the corporation's net income has come from overseas business? We are the part of the world community.

Ann

It's exciting, isn't it?

Nick

Yes, now we really can feel that nations are tied to each other through business operations. This internationalism is our hope for a better world.

Ann

Well, it's time to pack.

Nick

Later

Ann

Nick, can you explain to me why do you sell a computer to a company in Canada when the company has a plant in Canada?

Nick

Well, Ann. For example, it's not unusual for an automobile company from Britain to manufacture automobiles in France for sale in Britain with Canadian-made engine, Swiss transmission and German axles. It's international business.

Ann

But it is so complicated to sell the goods to a foreign company with different currencies and all that.

Nick

I can tell you how we do.

Ann

It's very interesting.

Nick

When we deliver the machine to the shipping company, we receive a bill of lading. It's a receipt from the shipping company and it's also the foreign company's claim to the computer when it gets to England.

Ann

And what then?

Nick

Then we write draft or check, which direct the British company to pay a sum in British pounds to a third party in, let's say, 90 days. We call it a "bill of exchange", which includes the rate of exchange at the time and, in addition, the interest. It must be paid in the 90-day extension of credit.

Ann

That is hard time getting the money, isn't it?

Nick

No. We take the draft, the bill of lading and other necessary papers to our New York bank. The draft is sold at discount, it means without interest charge, for the face value and get dollars. That's the way.

Ann

Well, but you get your money from the bank. How does the British company pay? Who do they pay?

Nick

It's quite simple. New York bank sends the documents and the draft to its branch in London or to a British bank. The transaction is finished usually by accepting British pounds into a checking account in a London bank.

Ann

It seems rather complicated.

Nick

It only seems so. The US supplied a computer, exported the merchandise and got back a checking account deposit in a London bank, importing claim on British goods and services.

Ann

Could you have dollars instead?

Nick

Sure, but in this case we would have reduced the existing British claim on American goods and services.

Ann

So what?

Nick

If some nations pile up continuing capital surpluses and other continuing deficits the problem can arise in international economics.

Ann

I see that I must study the subject thoroughly before we can continue.

Nick

Yes, may be.

Active Vocabulary

expertise

специальные знания, компетентность

to advance

продвигаться, двигаться вперед

tо sell abroad

продавать за границу

internationalism

интернационализм

net income

чистая прибыль (амер.); доход, неподлежащий обложению налогами

transmission

пересылка

engine

мотор

axle

ось, вал

bill of lading

квитанция, регистрирующая отгруженный на судно товар

receipt

квитанция

claim

требование

draft

чек, тратта

party

(зд.) юридическая сторона

extension of credit

продление кредита

face value

чистая стоимость

branch

филиал, отделение

to pile up

накоплять, увеличивать

capital surpluses

прибавочный капитал

Vocabulary Practice

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 Ukraine 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 Ukraine?
  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 Ukraine will take in international economy?

Translate into English.

  1.  Многие международные корпорации возникли в результате объединения известных компаний.
  2.  Спутниковая связь способствует 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 очень высокой.
  7.  Нам необходимо накопить капитал для реконструкции производства.
  8.  Британская сторона отвечает за пересылку.


 

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