Arguments for and against free trade

For Against

Economic: Economic:

•societies become richer •need to protect young local companies

so they can become established and
•living standards rise compete on the world stage

•poverty is reduced •developing countries get locked into

serving the needs of the world market
•countries can specialise to gain with a limited range of sectors
competitive advantage
•risk of economic bubbles

Moral: Moral:

•less likely there will be wars •causes social dislocation and economic
when nations trade pain

•culture is enriched •causes a “race to the bottom” in

terms of environmental and labour
regulations

•local cultures are destroyed

Phrasal verb brainstorming 1

come around

go away We’ve put back the meeting till two.

put back Meetings bring out the best in Jan.

get down

take in

turn into

run off

bring on

look out

cut over
through
up
Phrasal verb brainstorming 2

around
When do you think we’ll come through this
away
downturn?
back

come down
Hopefully, they will come around to our way
in of thinking.
into
off
on
out
over
through
up
Summary of Discussion

David argued that the process (1) __________

commence with a review of the new
trading laws. Jin disagreed, saying that this would (2) __________
erode the
time available, proposing instead to immediately (3) __________
continue with
formulating the strategy. Sarah doubted whether the time was right to
(4) __________
enter overseas markets or (5) __________
diversify geographically
into overseas markets. Jin’s focus was to (6) __________
produce a business
plan, something he could not instantly do alone. David emphasized the
importance of (7) __________
protecting the domestic market, but Jin reiterated
the need to (8) __________
initiate the actual plan. Jin warned against the
tendency to (9) __________
dilute proposals before they were fully discussed.
Dave concluded by saying that the company should (10) __________
surrender
bow to what is unavoidable and stop discussing costly ideas.
Summary of Discussion

David argued that the process should (1) __________

kick off with a review of
the new trading laws. Jin disagreed, saying that this would
(2) __________
eat into the time available, proposing instead to immediately
(3) __________
crack on with formulating the strategy. Sarah doubted whether
the time was right to (4) __________
break into overseas markets or
(5) __________
branch out geographically into overseas markets. Jin’s focus was
to (6) __________
come up with a business plan, something he could not
instantly do alone. David emphasized the importance of (7) __________
shoring up

the domestic market, but Jin reiterated the needs to (8) __________
start up

the actual plan. Jin warned against the tendency to (9) __________
water down
proposals before they were fully discussed. Dave concluded by saying that
the company should (10) __________
bow to what is unavoidable and stop
discussing costly ideas.
 Ten ways to create new words 1

1 Acronyms: BRIC

2 Attach a letter to words: e-commerce

3 Combine old words and

affixes to create new words: offshoring

4 Blends: globaphobic

5 Raid words from other

contexts: guru

6 Shorten words: max

7 Change the part of speech: stopover

8 Rhymes: clicks and mortar

9 Combine two words in a

novel combination: swarm businesses

10 Metaphors: glass ceiling

 Ten ways to create new words 2

1 Acronyms: BRIC, NAFTA, ASEAN

2 Attach a letter to words: e-commerce, e-signature

3 Combine old words and

affixes to create new words: offshoring, presenteeism, downsize

4 Blends: Globaphobic, Coca-colonization, ifonomics, blog, agflation

5 Raid words from other

contexts: guru, marketing crusade

6 Shorten words: max, dotcom

7 Change the part of speech: stopover, dollarize, Google(d), bookmark(ed)

8 Rhymes: clicks and mortar, al desko, get rich click, brandalism

9 Combine two words in a

novel combination: swarm businesses, angel investor, marketing crusade

10 Metaphors: glass ceiling, cappucino / goldilocks / tiger economy, angel investor

Belbin team roles 1
Belbin team roles 2

Which people in a team would you expect to hear say these things
during a planning meeting?

“Rather than review the project in the usual way, why don’t we consider
hiring in a consultant?” Plant

“When we’ve finished the meeting, I’ll draw up a detailed plan in Project
and send it round to everyone for comment.” Implementer

“Look, what we’ve got to do this afternoon is reach a consensus on the best
way forward.” Coordinator

“It’s really important that we all pull together on this one and not seek to
protect our own departmental interests on this project.” Team Worker

“It’s no good making these plans if we don’t put some dates to these
milestones.” Completer Finisher
Model one-sentence invitation replies

1 Gerrard Stein, Head of Faculty, and guest would be delighted to attend the
Festival Celebratory Lunch at the Grand Hotel, on Sunday 12 August at 12.45
pm.

2 Mr Fernando Cabrera regrets he is unable to accept the kind invitation of Dr

and Mrs Albert Casey for Saturday 18th December.

3 Gerhard Pohl thanks the Dean and his wife very much for their kind
invitation to the Senate dinner on December 9th at Graduation Hall, New
Street, and has much pleasure in accepting.
Model formal replies

Acceptance

Thank you very much indeed for your kind invitation to attend Dr Milagros’s
talk on The Price of Trade on Friday 21 October at 7 pm.

I would be delighted to attend and look forward to the evening very much.

Refusal

Thank you very much indeed for your kind invitation to attend Dr Milagros’s
talk on The Price of Trade on Friday 21 October at 7 pm.

I’m afraid I won’t be able to attend as I will be away on business. I hope the
evening goes very well.
 Model formal invitations

Sir Reginald Hall, Chairman of the Campaign for Pan-European Economic and
Political Cooperation, cordially invites you and your partner to a gala dinner-
dance in celebration of the first annual summit meeting.

Saturday, 16th August 2010

Walthorpe Manor

Dinner served at 8 p.m.

Business attire

RSVP: Mrs Josephine Scott j.scott@cpeepc.org

World population
Population and GDP
Optimum unit price forecast chart by continent
Projected annual return demand worldwide