【正文】 tin America and subSaharan Africa — whose embrace of the world economy has been late or limited — fared much less Africa, for example, the World Bank reckons that 46 percent of the population lived on less than $1 a day in 1998, exactly what the percentage was in , if globalization is so good, why is it also so risky? The answer is that two problems could neutralize its potential first is economic global economy may be prone to harsher boombust cycles than national economies theory that international trade and investment raise living standards works only if investment funds are well used and if trade flows do not bee too Asian financial crisis raised questions on both the early 1990s, most of Asia thrived because it received vast flows of foreign capital as bank loans, direct investment in factories or stockmarket investment in local ensuing spending boom in turn aided Europe, Japan and the United States by increasing imports from the boom abruptly halted in mid1997 when it became apparent that as a result of “crony capitalism,” inept government investment policies and excess optimism, much of the investment had been wasted on unneeded factories, office buildings and prevented the Asian crisis from being a fullscale global economic downturn has been the astonishing relentless growth helped the rest of the world by purchasing more and more of their 1996, the deficit in its balance of payments — the broadest measure of the country39。s international trade — has more than doubled, from $129 billion to an estimated total of $330 billion in world economy, as Treasury Secretary Lawrence Summers has repeatedly said, has been flying on one trouble is, as has also warned, this cannot go on great danger is that the world has bee too dependent on American prosperity and that a slowdown or recession — reflecting a decline in the stock market, a loss of consumer confidence or higher interest rates — might snowball into a international economic forecasts, Europe and Japan are going to do 2000, the European Union39。s gross domestic product will grow percent, up from percent in 1999, according to projections by the Organization for Economic Cooperation and Development in is projected to grow percent, the same as the OECD is predicting for 1999 but a big improvement from the percent drop in the forecasts materialize— and the OECD39。s growth estimates for Japan exceed most private forecasts — they will restore some balance to the world economy and relieve fears of a global and Latin America can continue to recover without relying solely on exports to the United until that happens, no one can be certain that Asia39。s financial crisis has truly remains possible that abrupt surges of global capital, first moving into Asia and then out, will have caused, with some delay, a larger 39。s other problem is political, cultural and feel threatened by any kindof economic change — and change from abroad naturally seems especially alien and street protesters at the Seattle meeting of the World Trade Organization in early December may have lacked a mon agenda or even a coherent case against they accurately reflected the anxiety and anger that globalization often do European fears of genetically modified food or nationalistic opposition to crossborder is local and familiar is suddenly being replaced or assaulted by something that is foreign and even if trade helps most people, it will usually create some the United States, workers in some highcost industries — steel and autos, most conspicuously — suffered from intensified import because globalization is largely spontaneous — propelled by better munications and transportation — does not mean that it is inevitable or pletely can, in subtle and notsosubtle ways, shield local industries and workers against imports or discriminate against foreign only a few countries do, their actions will not matter capital and trade will go where they are most wele and , it is precisely this logic that has persuaded so many countries to accept they don39。t, someone else by their behavior, most governments believe they have more to gain than to this does not mean that a powerful popular backlash, with unpredictable consequences, is not a global recession, too many sellers will be chasing too few plausible presumption is that practical politicians would try to protect their constituents from global too many countries did, globalization could 39。s a scary interdependence cuts both favorable conditions, it helps everyone。under unfavorable conditions, it hurts 39。s promise may exceed its peril — but the peril is still await the new of the great dramas will be to see which prevails.第四篇：現(xiàn)代大學(xué)精讀英語(yǔ)4 lesson five課文(外語(yǔ)教學(xué)出版社)Lesson 5 Man of the moment Alan AyckbounVVick Parks DDouglas Beechey NNerys TTrudy SSharon(The scene is set at the Spanish holiday villa of VIC is sitting in the garden with DOUGLAS, waiting for the television are two other people in the gardenthe gardener and VIC’s SHARON returns from the swimming pool, carring an armful of the children’s toys)V: Hey, Sharon…S: Yes, ?V: Where are the children?S: They’re having their tea in the kitchen, : Sit down, : I’ve got to go andV: Sit : Yes, .(SHARON is hot and slightly breathless.)V: Get your breath : Thank : Look at like a whale, aren’t you?S: Yes, (To the others): Have you ever seen anyone sweating like that? I bet it’s running off you underneath there, isn’t it, eh? Eh?(SHARON doesn’t reply.)Running down your arms? Trickling down your legs? If there’s one thing I hate, it’s to see a woman sweating like ’s bad enough on a man, it’s obscene on a woman, don’t you agree? Why you’re sitting there like a great bowl of pork dripping? Do you know the reason why you’re sitting there like a great bowl of pork dripping? Because you are : I don’t think that’s fair, she’s just…V: Here, let her tell you something, just a …S: Yes, : Tell them what you ate on your last birthday, (muttering): Twelve rum : Come on, say it louder…S(loudly