Part V. International Economic Integration (Международная

экономическая интеграция) 275

Unit 19. Economic Integration and International Trade Policy

(Экономическая интеграция и международная торговая

политика)............................................................................................ 275

Unit 20. The European Union. The European Monetary Policy

(Европейский союз. Европейская монетарная политика)........... 289

Unit 21. Free Economic Zones (Свободные экономические зоны)............. 306

Unit 22. Globalization of Production and Economic Activities

(Глобализация производственно-экономической деятельности). 320

Saying Numbers..................................................................................................................... 335

Abbreviations. Latin Phrases and Abbreviations Commonly Used in Economics....... 337

Answer Key............................................................................................................................ 340

Список использованной литературы..............................................................................342

Part I

International Trade and Its

Significance in the Development

Of World Economy

Unit 1. Specialization and Unevenness

Of Reserves of Natural Resources

As the Basis of International Trade

Preview

The main subjects with which we are going to familiarize ourselves

in this unit are as follows: specialization of the production

on the basis of international division of labour, comparative advantages,

and some theoretical aspects of international trade.

Basic notions

specialization

division of labour

labour-intensive

capital-intensive

advantage

exchange, swap

exchange ratio