3. CURRENT ISSUES
VOCABULARY & GRAMMAR
|customs barriers||collections by an agency from a federal source that are deposited into an account for expenditure by the agency|
|embark||the integration of the fiscal policy of nations or states|
|bailouts||a set of economic policies, usually consisting of tax increases, spending cuts, or a combination of the two, used by governments to reduce budget deficits|
|austerity measures||to start or participate in an enterprise|
|supplant||a trade barrier which acts to limit trade across borders by creating and enforcing various restrictions|
|addressed the crisis||the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy|
|currency depreciation||deal with a difficult economic situation|
|economic disparities||economic inequality among individuals’ incomes and wealth|
|federal revenue||take the place or move into the position of|
|fiscal union||a fall in the value of a currency in terms of its exchange rate versus other currencies|
|evident||очевидный, явный, наглядный|
|refer||относить, ссылаться, обращаться|
|first-hand||из первых рук, непосредственный, прямой|
|sentiment||настроение, мнение, отношение|
|inextricable||неразрывный, сложный, запутанный, неразрешимый|
|large-scale||в крупном масштабе, крупномасштабный, массовый|
- answer to
- evident to
- referring to
- threat to
- owing to
- discontent with
- accompanied by
- in particular
- relate to
- on the contrary
WORDS FOR REPORT
|far fewer people|
A unique conjuncture of economic and political developments has created an opportunity for Eurasia to emerge from its historical slumbers, with Russia and China leading the way.
Confucianism, dating from around the same time, remains at the heart of China’s social thinking, despite Mao’s ruthless attempts to suppress it.
As China’s labor costs rise, production is being re-located from the coastal regions to the western provinces.
The EEU is seen by its advocates as a step toward re-establishing the old Soviet frontiers in the form of a voluntary economic and political union.
Official Russian opinion looks forward to “the interpenetration and integration of the EEU and the Silk Road Economic Belt” into a “Greater Eurasia,” which will afford a “steady developing safe common neighborhood of Russia and China.”
It may be considered a singular success for Western statesmanship to have brought two old rivals for power and influence in Central Asia to the point of jointly seeking to exclude the West from the region’s future development.