Английский для социологов. Астафурова Т.Н. - 63 стр.

     Compare your views with your groupmates and those expressed
in the article, The Death of Economics.


                   THE DEATH OF ECONOMICS

     THE   WORLD ECONOMY IS FALLING APART.    AND NO ONE HAS A CLUE
WHAT’S GOING WRONG    — LEAST OF ALL THE ECONOMISTS.
     Whereas, in the past, supply and demand usually had a way of
evening themselves out, we now swing from hyperinflation to soaring
unemployment as slump follows boom. The once predictable business
cycles which drive the market economy have gone completely out of
control. The economic statistics issued by governments every month
seem more unreliable than ever. And, for the first time, politicians
have started talking about ‘the death of economies’.
      RECESSION AND COLLAPSE
      For all its industrial might, the United States can do nothing to
close its trade gap with Japan. And yet, in spite of a healthy trade
surplus, Japan is itself sliding deeper into recession. In Germany it’s
the same story. And almost before their economies have had a chance
to recover from years of communism, many of the former Soviet
bloc countries are on the verge of economic collapse.




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