protectionism alert警惕贸易保护主义

1、Protectionism AlertContent , notes and words : Sophia & AnnaBackground: Kathy Language feature: TammyPresenter: Kathy & Tammy Background The global financial crisis （2007-2009） was also known as the world financial crisis, subprime mortgage crisis(次贷危机）, credit crunch（信用危机）, even was named a

2、s the financial crisis and Wall Street tsunami（华尔街海啸）in 2008. Since the subprime credit crisis, investors began to lose confidence in the value of mortgage-backed securities(失去对按揭证券的信心) ,triggering a liquidity crisis(引发流动性危机）. Even Multi-national Central Bank injected huge amounts of money to severa

3、l financial markets, it still could not stop the outbreak of the financial crisis. Until September 9, 2008, the beginning of the financial crisis out of control and leaded to the failure of a number of fairly large financial institutions or made them took over by government.Background Since the emer

4、gence of trade protection, it has experienced three stagesThe development of the traditional trade protectionism, the variation of the new trade protectionism and the rise of the post crisis era.(传统贸易保护主义的发展、新贸易保护主义的变异和后危机时代贸易保护主义的兴起)Mercantilism(重商主义）origin of early protective trade theory. Protect

5、ion of infant industry theory（保护幼稚工业理论） marked the formation of modern trade protection theory system.Ultra Protection of trade（超贸易保护论）an important milestone in the protection of modern trade theory.Main idea When the financial crisis hit, the protectionism is creeping up. However, at the same time

6、,the world trade in China, Vietnam and other developing counties has increased rapidly, and the European Union increased its barriers to protect and increase its own economy. But it is not a proper way, and the best way for its economy is to reduce the protectionism.content Para 1-3 : Although the w

7、orld leaders took measures to ensure the global markets stayed opened, the barriers are creeping back up.Para 4 : On the face of it , all seems well. China, India, Russia and EUs trades are increasing.Para 5 : HSBC predicts that world trade will grow by close to 90% over the next 15 years.Para 6: A

8、watchdog bankscontent Para 7: The new restrictions range from high tariffs to costly import licenses and customs controls.Para 8 : the share of trade held back by protectionist measures tends to grow over timePara 9: although Britain do lower some barriers, most do nothing to tackle the highest tari

9、ffs.Para 10: Mr. Putin is already trying to change the clubs rules, so the WTO hopes that make it soften its protectionist policies seem nave.Para 11: The Euro crisisWords and notes paragraph 1 The world shoulder heed warnings that barriers to trade are creeping up. 世界应当心：贸易壁垒正在悄然逼近 heed：v. to pay a

10、ttention to someones advice or warning 注意 creeping up：渐渐上升，蠕升 We watch the river creep up the lower meadows.Words and notes Para 3： Yet even this optimism may be misplaced.可是，甚至连这种乐观情绪也可能四盲目的 misplaced：把放错地方，把放在不适当的地方；误放 She was misplaced in that job; 她被不恰当地安排在那个工作岗位上； She ought to be doing somethin

11、g more creative. 她应该从事一些更有创意的工作。Words and notes Para4: If the recent experience of China and Vietnam is any guide, foreign investment in Russia will jump as the market opens. Regional agreements are proliferating, too. 如果今年来中国和越南的经验可以说明问题的话，随着市场的开放，俄罗斯获得的国外投资将大幅提升。Proliferate : v to increase quickly

12、 and spread to many different places. 激增China and Vietnam: 中国和越南。这里指中国和越南分别于2001年和2006年的 12 月加入WTO，并从多个方面促进了本国的经济发展。Words and notes Bigger EU deals, with India, Japan and perhaps America, are in the pipeline.欧盟同印度，日本或同美国等国家更大规模的贸易合作也正在紧锣密鼓的筹划中。 pipeline：n. 管道，输油管 in the pipeline : 在进行中，在准备中Words and

13、 notes Para 5: In addition to top-down number-crunching, HSBC also looked at expectations from the bottom-up.除了自上而下复杂的数字计算，汇丰银行还考虑到了来自基层企业的预期。HSBC ：the Hong Kong and Shanghai Banking Corporation Limited 香港上海汇丰控股有限公司，属于汇丰集团的创始成员以及在亚太地区的旗舰，也是香港最大的注册银行，以及香港三大发钞银行之一。Bottom up : 颠倒，倒置Words and notes Para

14、: 6A WATCHDOG BARKS 甄心动惧 这句话中的watchdog 指的是世界贸易组织，作者运用了拟人的手法，把世贸组织比喻成监察人、忠实的看守人。Words and notes Para 7: An increasingly popular method nowadays is to strangle traders not with high tariffs, which are easy to spot, but with red tape, which is not.如今，各国正减少使用高关税方式来扼杀贸易商，这太明显了。而繁琐的行政程序这一更为隐蔽的贸易保护形式则越来越流行

15、。Red tape： needlessly time consuming procedure繁文缛节，官样文章，在文中指繁琐的程序。19世纪早期，这个说法成为一个常见比喻，形容官僚作风造成的延误 e.g. English bureaucracy seems to have swathed (缠裹)in red tape at its birth. 英国的官僚机构看来从诞生之日起就受官样文章的束缚。Words and notes Para 8 Subsidies for a hard-hit export sector, say , seem to make sense as a respons

16、e to the global downturn. 给遭受重创的出口企业提供补助，似乎是对全球经济低迷的合理应对。 hard-hit: 遭受重创的 e.g. USA delegation headed to hard-hit Africa to urge its leaders to increase awareness about the deadly virus. 美国代表团前往遭受重创的非洲，督促其领导人提高对这种致命病毒的认识。Words and notes Para 11 The WTO should resist that, and keep sounding alarm The

17、WTO should resist that, and keep sounding alarm at signs of G20at signs of G20 backsliding backsliding. . 世界贸易组织应该抵制这个，还要时刻警惕经济的倒退。 backslidingbacksliding :( :(倒退倒退) ) e.g.: This may help you maintain the gains you e.g.: This may help you maintain the gains you have made and prevent have made and pr

18、event backslidingbacksliding。 这也许能保住你之前的成绩，不致倒退。Language Feature 该篇报道属于财经新闻，众所周知，财经新闻一个最显著的特点就是会使用大量的形容经济数据及市场变动的动词。 所以财经新闻的作者通常都会避免重复使用诸如increase，decrease等表示升降意义的词，来给枯燥的经济信息增添趣味性及可读性。既丰富了文章的趣味，也生动形象地表达了经济增长的不同程度。 这就是财经新闻的一大特色。升降意义的多样化表达Examples: Para 1: The world should heed warnings that barriers are creeping up! (渐渐上升)Para 4: Foreign investment in Russia will jump as the market opens. (暴涨，猛增) Regional agreements are prolifera