This document discusses international markets and free trade. It notes both potential benefits, such as lower prices and increased choice for consumers, and drawbacks, including job losses in richer countries and greater power for multinational corporations. The document also examines conditional sentences and the different types of conditions, including real, imaginary, and contrary to fact conditions.

1. UNIT 9: International Markets

2. FREE TRADE
Open markets Protected markets
open borders
free port
dumping
laissez-faire
liberalise
deregulation
developing (development) industries
subsidise
barriers
tariffs
restrictions
quotas
customs
regulations
strategic industries
Ex. E, pg. 83

3. Ex. B, pg. 83
Ex. C, pg. 83

4. ...provide opportunities for people to
work/study abroad and improve their
lives.
...increase competition and improve the
choice of goods and services.
...create unemployment and lead to job
losses in richer countries.
...reduce poverty and increase wealth
everywhere.
...exploit workers in poorer countries.
...widen the gap between rich and poor
nations.
...mean lower costs and cheaper retail
prices, which benefit consumers.
...give large multinational companies
and trading blocks too much power.
...lead to damage to the natural
environment, local cultures and
industries.
...promote higher standards of living,
working conditions, technology,
education, etc.
Internatonal markets for labour, capital, goods and services...
Ex. A, pg. 82

5. Reading, pg. 84-85 (ex. B, pg. 85)
What will happen to the US economy if it closes its borders to China?

6. Conditionals
1. The First Conditional (REAL)
If the USA closes its borders to China, the US economy will flourish.
Present Simple + will+infinitive
2. The Second Conditional (IMAGINARY)
If Serbia closed its borders to Russia, Serbian economy would depend on the EU.
Past Simple + would+infinitive
IF clause main clause
IF clause main clause

7. Conditionals
We will sign the contract if you guarantee prices for the next 18 months.
We will sign the contract provided that you guarantee prices for the next 18 months.
We will sign the contract as long as you guarantee prices for the next 18 months.
We will not sign the contract if you don’t guarantee prices for the next 18 months.
We will not sign the contract unless you guarantee prices for the next 18 months.

8. Thank you for your
attention!