1. The American belief in «free enterprise» has not precluded a major role for government, however. Americans at times have looked to government to break up or regulate companies that appeared to be developing so much power that they could defy market forces. They have relied on government to address matters the private economy overlooks, from education to protecting the environment. And despite their advocacy of market principles, they have used government to nurture new industries, and even to protect American companies from competition.
2. As the sometimes inconsistent approach to regulation demonstrates, Americans often disagree about the appropriate role of government in the economy. In general, government grew larger and intervened more aggressively in the economy from the 1930s until the 1970s.
3. But economic hardships in the 1960s and 1970s left Americans skeptical about the ability of government to address many social and economic issues. Major social programs – including Social Security and Medicare, which provide retirement income and health insurance for the elderly – survived this period of reconsideration. But the growth of the federal government slowed in the 1980s.
4. The pragmatism and flexibility of Americans has resulted in an unusually dynamic economy. Change – whether produced by growing affluence, technological innovation, or growing trade with other nations – has been a constant in American economic history. The once agrarian country is now far more urban – and suburban – today than it was 100, or even 50, years ago. Services have become increasingly important relative to traditional manufacturing. In some industries, mass production has given way to more specialized production that emphasizes product diversity and customization. Large corporations have merged, split up, and reorganized. New industries and companies that did not exist at the midpoint of the 20th century now play a major role in the nation’s economic life.
Определите, является ли утверждение:
Americans expect their government to solve problems which private economy ignores.
- ложным
- истинным
- в тексте нет информации
Определите, является ли утверждение:
Americans never doubt whether their government is capable of solving their social or economic issues.
- ложным
- в тексте нет информации
- истинным
Определите, является ли утверждение:
Product diversity and customization are the main trends in the US economy.
- ложным
- в тексте нет информации
- истинным
Определите, является ли утверждение:
It was not before the end of the 20th century that American economy stabilized.
- ложным
- в тексте нет информации
- истинным
Укажите, какой части текста(1,2,3,4) соответствует следующая информация:
Common sense of American brought about intensive economic development.
- 3
- 1
- 4
- 2
Укажите, какой части текста(1, 2, 3, 4) соответствует следующая информация:
New companies are beginning to play the main role in the nation’s economic life.
- 4
- 3
- 2
- 1
Ответьте на вопрос:
What was the essence of the Social Security program?
- Retirement income
- The right for Medicare
- Higher retirement age
- Lower retirement age
Определите основную идею текста:
- Economic hardships in the 1960s and 1970s.
- Turning into an industrialized power.
- Free Enterprise and the role of Government in America.
- Social benefits in the USA.
Internet research
Read and business page of an online newspaper to find interesting comments and quotes from people and companies in the news. Discuss with your partner what was said.
Here are some sites to get student started:
New York. «Big Apple»
New York and Wall Street
The Wall Street Journal.
Wall Street –
The financial district of New York City
The Wall Street Journal
https://europe.wsj.com
Test Yourself
- Reading 1. Privatization and the state
- Reading 2. American economy
Case study
1. Banking Crisis (in Company)
2. Global Recruit
3. Cross cultural negotiation.
Presentation
Effective Public Speaking Skills
1. Profiles of business leaders
- Successful Business Stories
- The Life and Times of the Legendary Steve Jobs
- Global Entrepreneurship Examples
2. International Business and Management Studies
- Program Structure, Subjects, Bachelor and Master Programs
- Discover MBA Online
- London School of Business and Finance
- International School of Management
- Yale School of Management
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Our online MBA program will help you to:
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