International business relations

What am I going to do after school or university? Maybe I should consider a job in the financial world. There is a surprisingly wide range to choose from. For example, I could work for a big international company, run my own International Business Research Agency or write about economics as a financial journalist.

What features are characteristic of world economy? You are about to begin an exciting, important and necessary task — the exploration of international business. It is exciting because it combines the science and the art of business with many other disciplines, such as economics, geography, history, language, jurisprudence, statistics, and demography. International Business is important and necessary because economic isolationism has become impossible.

Failure to become a part of the global market assures a nation of declining economic influence and a deteriorating standard of living for its citizens. Successful participation in International Business, however, holds the promise of improved quality of life and a better society, a more peaceful world.

As a nation we must take on the challenge of competing aggressively in the international arena or risk becoming a second-rate power in today's borderless economy.

The system of accounting for transactions between countries provides useful information to policy makers, international authorities, and business people by presenting data in consistent form. An informed user of international accounting data can analyse the financial position of one country relative to others.

The foreign market opportunity analysis is very important. When a firm starts its international activities, basic guidelines must be found quickly and at low cost.

Because major stock markets don't just affect the financial life of their own countries, they also play a vital role in the total world economy. These days, banks and stock-exchanges can move millions at a touch of a button. So, money is universal.
Questions:

1. What are you going to do after school or university?
2. What jobs in the financial world can you choose?
3. Why is the exploration of international business important?
4. Why is the foreign market opportunity analysis very important?
5. What do major stock markets affect?
Vocabulary:

Feature — особенность, черта
exploration — исследование
to combine — объединять
to assure —гарантировать, обеспечивать
deteriorating standard of living — ухудшение уровня жизни
transaction — сделка
stock-exchange — фондовая биржа

LESSON 34.

My future profession

Ex.1:Complete each sentence (A—H) with one of the endings (1—8):
A. Nowadays employers demand
B. Competence is
C. Today executives and managers don't only speak of skills and qualifications of their employees, but of
D. Competence development is a long process that requires
E. A good employee should demonstrate problem-solving capability and think about
F. Intercultural competence is the ability
G. Relationship-building is a new popular term that means
H. Modern life is full of stress that is why it is essential to be able
1. their competencies that measure a person's appropriateness for a particular job.
2. to understand people of other cultures and to work effectively with them.
3. a combination of knowledge, skills and behavior, the ability to perform a specific role.
4. what is to be achieved and how it is to be achieved.
5. to cope with stress and fatigue.
6. perfect knowledge, work experience, a range of transferable skills and such qualities as efficiency, punctuality, practicality, creativity and many others.
7. building good relationships with partners and clients.
8. training and personal development.
Ex.2:Read and translate the following proverbs and sayings. Explain their meaning:
• Business is the salt of life.
• A bird is known by his note, the man by his work.
• He works best who knows his trade.
• Business first, pleasure afterwards.
• If you won't work you shan't eat.
• All work and no play makes Jack a dull boy.
• A bad workman quarrels with his tools.
• Jack of all trades is master to none.
• No sweet without some sweat.
• Busiest men find the most time.

Ex.3:Answer the questions:
1) Why is it difficult to make a positive career choice?
2) What should a person do if he or she wants to get a good job?
3) What should you take into consideration choosing your future job?
4) Why is it important to be competent?
5) How many groups of competencies do you know? Say a few words about them.
6) Why is the ability to make the right decision crucial in the world of business?
7) What does the expression 'to function in a global context' mean?
8) Why is it important to develop intercultural competence?
9) What does the term 'relationship-building' mean?
10) Why do many people suffer from the conflict between work and family nowadays? What are the ways to solve this problem?

Список используемой литературы и интернет источников

Безкоровайная Г.Т., Койранская Е.А., Соколова Н.И., Лаврик Г.В. Planet of English: учебник английского языка для учреждений СПО. — М., 2014.

Безкоровайная Г.Т., Койранская Е.А., Соколова Н.И., Лаврик Г.В. Planet of English: электронный учебно-методический комплекс английского языка для учреждений СПО. - М., 2015.

Голубев А.П., Балюк Н.В., Смирнова И.Б.Английский язык: учебник для студ. учрежде­ний сред. проф. образования. — М., 2014.

Восковская А.С. Английский язык для экономических колледжей:Учебное пособие/А.С.Восковская – Ростов н/Д:Феникс,2010. – 352с. –(СПО)

Пшегусова Г.С. Английский язык для экономических специальностей:Учебник/Г.С.Пшегусова, Л.Л.Андреева, Н.Д.Гребенникова, Н.В.Млодзинская. – 2-е изд. – М.:Издательско-торговая корпорация «Дашков и К»; Академцентр, 2012. – 280с.

Интернет-ресурсы

www.lingvo-online.ru (более 30 англо-русских, русско-английских и толковых словарей общей и отраслевой лексики).

www.macmillandictionary.com/dictionary/british/enjoy (Macmillan Dictionary с возможно­стью прослушать произношение слов).

www.britannica.com (энциклопедия «Британника»).

www.ldoceonline.com (Longman Dictionary of Contemporary English).