Professional Documents
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Economy and Finance PDF
Economy and Finance PDF
Economic difficutties
we may refer
lf an economy is badty affected by wa1
to itrt d5 -'"'i:;ä
a war-torn
as d wcr economy' Economies In a oacl
of
t"o ; economies. The verb meaning to reduce the value '
state are often ref
ffi:ilffi;;;;i;;ii""-"tiht "iti;;äu"tntv mav be I a currencv is to devotue (Nor devahmte)'
48.1 Try to remember the collocations in A opposite. Filt the gaps in these sentences.
1 Development is important, but it shoutd be ...........,. devetopment, not the kind that onty
lasts a short time.
2 The government is ..,........... a poticy of giving aid only where it is used to .............
45,Z Rewrite these sentences about debt using more appropriate language from the opposite
page to replace the underlined words'
1 Over a period of five years, the country gAl huge debts which it could not pay back.
2 Countries in debt are comptetety at the mercy of wealthier nations.
3 The weighi of debt is so great in some countries that their economies are cotlapsing
4 Weatthier countries could do a lot to make the debt of poor countries less heavy, and indeed, in
some cases, coutd forget the debt altogethe r. (Give two answers for the first one.)
5 Over a period of three years, the country suffered a two-stage recession.
6 The fotiowing year, there was a sevefe collapse in the price of crude oi[.
7 White some countries lowered the value of their currencies, one country alone increased the vatue
of its currency due to its strong economy'
I Urgent measures were needed to improve the economy.
45.3 Answer the questions using vocabulary from the opposite page'
L What kind of war can break out between countries concerning imports and exports?
2 Which two verbs are used with sonctions and embargoes to mean (a) 'placing' and (b) 'removing'?
3 What is the name for activities which make free trade difficutt or impossible between countries?
4 What kind of agreement is it when two or more countries decide to share a single currency?
5 What do we caltsums of money given to poor regions to assist their economic growth?
6 What can we call an economy that is devastated by armed conflict?
7 What adjective beginning wiih the letter'a' can be used to describe an economy in a bad state?
g What noun can follow'debt'to create a phrase meaning'removing debt'?
45.4 Now use the answers from 45.3 to rewrite the words in bold'
1 Sharing the same currency was agreed between the five countries in 2003.
2 The goJernment introducei r pu.t .ge of measures to rescue the economy, which was in a
bad state.
3 The two Trade Ministers got together to try to abolish activities that made
trade difficult.
the two countries in 1999.
4 A major dispute concerning exports and imports broke out between
now that
5 The äconomy, which has been seriously affected by the war, is slowly recovering
peace has come.
6 The United Nations ptaced sanctions on the country in 1995 and did not remove
them untit2008'
The region received a large amount of money to help it grow economically from the
7
Wortd Bank.
g Removing debt has been cruciatfor some developing nations.