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4
Read for Gist
Scan Text A and get some main ideas about the following questions.
What does this text tell us about? What are the popular theories about
Why is freer trade rather than protectionism a better option for world economic growth?
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6
Vocabulary Preview
Scan the text again and write down the key terms related to the topic.
ratio of export (para.23)出口比例 anti-dumping (para.35)反倾销 market access (para.38)市场准入 supply chain network (para.40)供
应链网
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Discussion
Answer the following questions according to
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Read and Talk
Sum up the main ideas of the text by referring to the key phrases and exchange ideas in groups.
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Glossary
encapsulate (para.1) linchpin (para.1) ire (para.2) bust (para.2) pact (para.4) offshore (para.4) pertain (para.5)
the impact of U.S. trade policy with developing countries? Are they valid? Why (not)?
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5
Read for Gist
According to the text, what revitalized trade policy may lead to a stronger U.S. economy?
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Glossary
outlay (para.32) leverage (para.33) moribund (para.36) retaliatory (para.40)
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Special Terms
trade deficit (para.3)贸易赤字
wage differentials (para.6)工资差
别
free-trade agreement (para.6)自由
贸易协定
regression analysis（para.9）回归
分析
trade surplus (para.11)贸易盈余
labor productivity (para.15)劳动力
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Special Terms
factors of production (para.20)生 产要素
Chapter 1
Government and Trade
.mation
U.S. exports of manufactured goods reached $952 billion in 2009 and grew strongly in 2010. The goal of increasing exports substantially is feasible, given favorable economic conditions and policies. It may even be possible to bring some off-shored production back to the United States, a possibility some manufacturers have been exploring, in order to remediate cost, quality and delivery problems. But policymakers must recognize that:
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2
Background Information
Today’s trade deficit is not a technology problem.
Technology may become a problem in the future.
Policymakers must work with the private sector to identify and reduce barriers to U.S. exports.
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3
Background Information
The policy debate must focus on the right issue, and not be drawn down blind alleys.
Companies should focus on innovation and cost reduction and avoid dragging policymakers and themselves along time-wasting tangents.
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Glossary
vexing (para.6) emblematic (para.7) invoke (para.7) time-out (para.7) redeploy (para.13) tumble (para.15)
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Glossary
aggregate (para.16) spurt (para.18) peripheral (para.18) respite (para.18) homogeneous (para.20) mute (para.20)