1、International Business EnglishLesson 3Regional Economic IntegrationBusiness Knowledge(1)Major objectives of regional integration(2)Four levels of regional economic integrationA.Free trade areaB.Customs unionC.Common marketD.Economic union(3)European Union(EU)(4)Asia-Pacific Economic Cooperation(APEC
2、)(5)Organization of Petroleum Exporting Countries(OPEC)Trade Terms 1.Economic integration经济一体化2.Free trade area自由贸易区:The members remove barriers to trade among themselves while still adopts each own external policy3.Customs union关税同盟:The members remove barriers to trade among themselves and adopt th
3、e same external policy4.Tariff rates关税税率5.Settlement结算，结账6.NAFTA北美自由贸易协定:North American Free Trade Agreement7.Common market 共同市场:The members remove barriers not only to trade but also to factors of production and adopt the same external policy.8.Banknotes circulation 货币流通9.Cartel 卡塔尔10.APEC亚太经合组织，亚洲
4、太平洋经济合作组织:Asia Pacific Economic Cooperation11.OPEC石油输出国组织:Organization of Petroleum Exporting Countries12.European Commission 欧盟委员会13.Council of ministers 部长理事会14.Dual-Ministerial Meeting 双部长会议15.Quota Restrictions配额限制16.Economic Union 经济同盟:The members remove barriers not only to trade but also to f
5、actors of production,adopt the same external policy and harmonize their taxation,government expenditure,industry policies and use the same currency.17.EU欧盟，欧洲联盟:European Union18.EC欧共体，欧洲共同体:European Community19.Benelux荷比卢（比利时、荷兰和卢森堡三国）:Belgium,Netherlands,Luxemburg20.Mercousur 南方共同市场:Southern Cone C
6、ustoms Union21.ECSC欧洲煤钢共同体:European Coal and Steel Community22.EEC欧洲经济共同体:European Economic Community23.EURATOM欧洲原子能共同体，欧洲原子能联营:European Atomic Energy Community24.SOM高官会议:Senior Officials Meeting25.TILF贸易投资便利化自由化:Trade and investment liberation and facilitation26.ECOTECH经济技术合作:Economic and technical
7、 cooperation27.Political entity 政治实体28.Sovereign state 主权国家29.Multi-polarization 多极化30.Sub-committee 分委员会31.Territory economies 区域经济体32.Pacific Rim 环太平洋圈33.Informal Meeting of Economic Leaders 领导人非正式会议 The past decades witnessed increasingly growing importance of regional economic integration.The mo
8、st notable free trade area is the North American Free Trade Agreement(NAFTA),the largest free market formed by the United States,Canada and Mexico in 1991.The members of an Economic Union are required not only to harmonize their taxation,government expenditure,industry polices,etc.,but also use the
9、same currency.The European Commission is one of the governing organs of the European Union.It is the body that puts proposals to the Council of Minister for decision and sees that the members carry out their duties under the treaty.APEC was set up at the Ministerial Meeting held in the Australian ca
10、pital Canberra attended by 12 members of Australia,the United States,Canada,Japan,Republic of Korea,New Zealand and six ASEAN countries.International Business EnglishLesson 4Economic GlobalizationBusiness Knowledge(1)Economic globalization as an objective trend A.Basic feature B.Advantages and negat
11、ive impacts(2)Multinational corporations A.Organization-parent and affiliates B.Characteristics a.Enormous in size b.Wide geographical spread c.Longevity and rapid growthC.Need,goals and roles a.Profit b.Security c.As vehicles for cross-border transfer resourcesD.Four types a.Multi-domestic corporat
12、ion b.Global corporation c.Transnational corporation d.World companyTrade Terms 1.Share holders 股东2.Economic globalization 经济全球化3.Board of directors 董事会4.Inputs 投入5.Economic environment 经济环境6.Parent MNC headquarter 跨国公司母公司，总部7.Affiliate MNC子公司，分支机构，附属机构8.Branch company 分公司9.Subsidiary company 子公司10.
13、Day-to-day running 日常管理11.MNC跨国公司:Multinational corporation,are made up of vast numbers of foreign subsidiaries,companies in which over 50 percent is owned by the parent company.12.Home county 母国:The country where the headquarter of the investor is located.13.Host country 东道国:The host country is a f
14、oreign country where the investor operates.14.MNE跨国企业:Multinational enterprise:A typical multinational enterprise shall be defined as a business organization which owns(whether wholly or partly),controls and manages assets,often including productive resources,in more than one country,through its mem
15、ber companies incorporated separately in each of these countries.Each member company is known as a multinational corporation.15.Economies of scale 规模经济16.Increase and growth 数量的增多和规模的增大17.Revenue adjusted for inflation （除去通货膨胀后的）实际收入 Economic globalization is giving new impetus and providing opportu
16、nities to world economic development and meanwhile making the various economies more and more interdependent.A multinational enterprise is a business organization that owns(whether wholly or partly),controls and manages assets in more than one country.While many people are acclaiming the benefits br
17、ought about by economic globalization,there are also loud vices of opposition.The transfer of the Intra-MNE transactions constitutes a very significant proportion of total international trade.Although the day-do-day running of corporate operation maybe decentralized to the affiliate MNCs,the major decisions,such as those on corporate goals and new investments are made by the parent company.Like it or not,economic globalization has become an objective trend in world economic development.
