X o r I j iy t I l L a r

T ask 2. R ead and retell the text.
On one hand, globalization has created new j o b s and economic growth 
through the cross-border flow o f goods, capital, and labor. On the other 
hand, this growth and jo b creation are not distributed evenly across 
industries or countries. Specific industries in certain countries, such as 
textile manufacturing in the U.S. or corn farming in Mexico, have suffered 
severe disruption or outright collapse as a result o f increased international 
competition. 
Globalization's 
motives 
are 
idealistic, 
as 
well 
as 
opportunistic, but the development o f a global free market has benefited 
large corporations based in the Western world. Its impact remains mixed 
for workers, cultures, and small businesses around the globe, in both 
developed and emerging nations. Globalization refers to integration 
between people, companies, and governments. Most noteworthy, this 
integration occurs on a global scale. Furthermore, it is the process o f
expanding the business all over the world. In Globalization, many 
businesses expand globally and assume an international image. 
Consequently, there is a requirement for huge investment to develop 
international companies.
Task 3. Give y o u r idea on the topic: “ The customer is always right.
Do you agree/disagree?”
Head o f departm ent

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What is business cycle?
T ask 2. Read and retell the text.
Ethical behaviour is doing things that are morally right. Ethics 
(countable noun) are moral beliefs about what is right or wrong. Ethics 
(uncountable noun) is the study o f this. Ethically responsible companies 
want to do the right thing in areas such as: em ploym ent and community: 
they want to pay attention to things that affect all people, not ju s t their 
employees, in the areas where the company has its offices, factories and 
activities, the environment: they want to conduct business in ways that 
protect the environment to ensure that the air, rivers etc. are not polluted 
and plant and animal life are not endangered, winning new business: they 
want to get business without engaging in corrupt behaviour, for example 
offering bribes - money given to someone so that they behave unethically. 
Companies want to be seen as good corporate citizens, with activities that 
are beneficial not only for their stakeholders - their employees, 
shareholders and so on - but for the community and society as a whole. 
Accountability and transparency Ethical corporate behaviour includes 
accountability - the idea that companies are completely responsible for 
what they do and that people should be able to expect them to explain 
their actions. Transparency is explaining this behaviour in a way that can 
be understood by outsiders, and not trying to hide anything. Companies 
may say that they demand high levels o f probity and integrity - complete 
honesty - from their employees, and that they do not tolerate any form o f
misconduct