经贸英语 复习资料.docVIP

1.Economic terms Physical capital 实物资本 Gross domestic product 国内生产总值 Collective enterprise 集体企业 State—owned enterprise 国有企业 TIP（Inflation-protected Treasury bond） 抵御通货膨胀的国库券 Options 期权 Fixed-income security 定息债券 Insider-trading 内幕交易 Blind program 暗箱操作 Junk bonds 垃圾债券 Crude oil futures 原油期货 Real estate 不动产 Mortgage-backed security 有抵押债券 Plain-vanilla corporate bond 普通公司债券 Exchange rate 汇率 A barrier to trade 贸易壁垒 Tight/expansionary monetary policy 货币紧缩（膨胀）政策 Budget deficit 预算赤字 Labor mobility 劳动力流动性 Foreign exchange reserves 外汇储备 L/Cs= letters of credit 信用证 Re-discount rate 再贴现率 Liquidity trap 流动性陷阱 The great depression 大萧条 Shadow economic 地下经济 Gini coefficient 基尼系数 Pension fund 养老基金 Progressive tax 累进税 Trade liberation 贸易自由化 Translations 2.1 In the information age, knowledge, rather than physical asset资产or resources, is the key to competitiveness竞争力. This is as true for the knowledge-intensive知识密集型的 industries, such as software or biotechnology, as it is for industrial age工业时代 manufacturing 制造业 companies or utilities 公用事业. For the knowledge-intensive sectors 部门, knowledge which feeds靠…为生 through from research and development to innovative products创新型产品 and processes 过程 is the critical element最关键的因素. But with industrial age manufacturing companies or utilities, using knowledge about customers to improve service is what counts有价值. 2.2 For all the similarities between the 1929 and 1987 stock market crashes崩溃, there are one or two vital至关重要的differences. The most important of these was the reaction of the financial authorities. In 1929, the US Federal Reserve美联储 reacted to the crash by raising interest rates, effectively有效地 clamping down严厉打击 on credit 信用. This caused many otherwise另外