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PASSAGE A
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PASSAGE E
Asia's linancial crisis is stoking tho dobate over globatizaiion. lt can bo a whirlwind o1 irade
and invosirn€nt thal builds economios and spurs developmsnt ln €von lhe world's pooresl
na'lions. But ll can also bring oconomies low overnlght.
We at th6 Ovorseas Developmenl Council believe thal globalization ralses som6 ol lho most
importanl issuos tacing humanklnd today. W6 believg that these aro chsllongos that must
b€ addr€ss€d at tho high€st lovol and on a conlinuing basis. W6 propose a su-mmit mooting
ol a repr€s€ntatlve group ol world leaders to kick-start such a debate.
Bui wbilo globalization has €ised living standards for many, it has mado lile more difficun
for those dislocated by change and it th.eatens to leave part ol the world behind. lt js no
coincidonc€ that tho disappointjng economic pertormance in much of Sub_saharan Africa
reilects a failuro to iniegrate into the world economy and, lhus, to trade successtrllly and 20
atlracl investmenl
Th6 loremost challenge of globalization is therefore lo enslrre that its fruits oxtond to all
countries. Most torecasts say that economic grow,lh in the dev€toped world will conlinue to
slow, and that expanding markets in developing countries are neoded lo ensure that living
standards continue lo rise. 25
The second challenge ot gtobalization is to alay the fea. that tho groMh it brings
.
is
inherently destabilazing. The Asian crisis, threatenh'g some ot the most to-rmidable econbmic
competitors in the world, amplities lhsse fears- Neverthetess, lhe costs ol being lett behind
by globalization aro usually much groater than the loss€s caused by instability. (
_The third challeng€ ol gtobalization isio address the concern in weatthier nations that 30
international competition y/ill harm ljving standards. There is ampte evidence thar stagnant
wages in the United States and unemployment in Europe have other causes*technol;gicat
change, poor education, Europe,s infloxjbte labour markets, hlgh taxes anO an a-ging
workforce. But polls show more and more people believe the caus-es lie in worldwide
tiade
and investment. This undermines the kind of leadership needed to respond to the Asian 35
linancial crisis and deal with other gtobal problems.
!e- OioOoso fnat a gloOal economic summit bs h6td belore tho end ot 1999. Untike fh€
annuar summrl ot the G-7 induslrializgd countries.-an event that started 6sing its sense ol 50
*f*:^,: 9::199,9so-thts.salh.erins shoutd tnctude sou"rnrn"nt i""d"o tiom arr regrons
ot devotopmont. About two dozon governments woutd b€ €nouOh
ll9.l?u9l: to altow broad
panrciparron' whiro small enough for
.
a ro havo lnpui. the summit wo-uld oxamino lhe
cnalengos ot gtobalization and establish a lramelvork for ongoing
particlpanls. Preparation should be undsrtaken by gov"rr**ti, dlscusslon among tho
i"i".ir-i.""iorganizations 55
::9,.1?^::1,:"ll porsons. sroup,, which, after'tie
anarysrs tor the higl),lovel debato. "un-rrntt,
i;
lnou-rl ionriril tA"d;
10 Tho challenges raised by globalizallon yleld no easy answers. They
strain the abititios of
nationai governments to contront them lnOeponOentty. Coffectiue corisiaeiail;n,
ol the proposed summit and som€ ongolng consuttative pro"-u"i-ilii-o"in the lorm 60
conf idence-buildingetfort. " "."i"1
E
pApER A (S0 Merks)
(Nolo lhat 15 maik6 oi;i of SO wlll bo swsrded'tor your us€ o, languaga.)
Nots: Wh€n a qu€stion asks lor a0 answor lN YOUR OWN
WOFDS AS FAR AS
POSSIBLE and you select the approprjate matetlat
trom ine falsage for your
answer, you must sti uso your own words,to express
gjven to answors, which only copy worOs or pnrases
it. Liille-;;€dit can be
trom ti,"'p"*"g".
Read ttaesago A and then answer the qusstions
below.
Parcgraphs 2 and 3
'1. Briolly contrast
tho attitucies ol fh€ .capllalists, and "d€monstrators,
jrrpact of globalization. lowards the
Writo in your own words as lar as possible
ip]
i
Paragraphs 3 and 4
o
Pardgraphs I and tO
6. Explain why, according to the writer, ti'Je c7 Summit failed whle a Olobat
economic summit could succeeci? I2l
,l
7. Give the meaning of the following words aj :hey are usecl in the two passages.
You may write ihe answer in a word or a sir,..!i pbrase.
I5l
Passdge A
Passage B
Draw appropriate informaiion lrom lhe lsxts. However, you should rcly largely on
your own relevanl ideas and experience ;n order to justjfy your answer. tgl