Английский язык. Агафонова И.Г - 7 стр.

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arranged in the Capital Market; f) the main institutions in the British Money
Market, to be in the neighborhood of Lombard Street and the Bank of England;
g) they, to be, joint-stock banks, the discount market, accepting houses, the
bullion market, the foreign exchange market.


                               ASSIGNMENT 2
Pre-reading task
I.      Show why the following statements are incorrect.
1. Aid is all the help LDCs need.
2. LDCs do best by sticking to production of raw materials for the world
      economy.


II.     Read the text.
                          Aid and Migration (Text 1)
        The quickest way to equalize world income distribution would be to
permit free migration between countries. Residents of poor countries could go
elsewhere in search of higher incomes. And in emigrating, they would increase
the capital and land per worker for those who stayed behind.
        Nor is this idea entirely fanciful. The massive movements of population
from Europe to the Americas and the colonies in the nineteenth and early
twentieth centuries represented an income-equalizing movement of this sort.
Since the Second World War the major migrations have been temporary,
although the steady flow of Mexicans (illegally) across the US border is one
major exception. More common has been the use of temporary migrant labour in
Europe (especially West Germany) from Yugoslavia, Greece, and Turkey,
which countries have all benefited from payments sent home to their families by
workers temporarily abroad. Similarly, Egypt, India, and Pakistan receive
significant transfer payments from workers temporarily abroad (especially those