4. Underline the correct word.

International economic relations is rather a dynamical/ dynamic system in which changes occur under the influence of various factors affecting the trends in the worldwide economy and individual countries, playing a leading/ lead role in the world. These changes are especially seen in terms of a world crises character.

Modern trends in international economical/ economic relations are characterized by the processes that have promoted an active international economic cooperation. International trade mediates almost all kinds of international/ national cooperation, including joint ventures activities of different nationalize/ national subjects with a stable intra-industry trade, and also activity of the intra-regional trade, especially in international integration.

World trade is growing rapid /rapidly. World trade services are growing faster than the foreign production. The most important factors of the growth in the world trade include liberalization of foreign/ foreigner policies and growth in foreign direct investments in other economies. The international movement of the capital is characterized by extremely rapid growth in direct trade/ trading investments on a global scale, the predominance of capital exports from develop/ developed countries to the advanced countries and the intensification of the capital migration to the developing countries, as well as an active state intervention in control, all this regulates and promotes the implementation of direct foreign investment.

5. Fill in the correct preposition.

For today's global trade there is a tendency ... growth intra-industry trade and the share of intra-regional mutual trade. This trend is the result ... the fact that the most markets are close together, and there are fewer barriers to trade ... terms of distance and tariffs, i.e. the probable intra-industry trade. This merging is achieved only ... high level of manufacturing industry (especially its high-tech industries) – in Western Europe and North America there are more than 3/4 exports are manufactured goods, including 40-50% for the engineering products. This structure facilitates the binding of the partner countries through the international division ... labor. ... contrast, the countries ... agro-commodity structure of the economy, producing a large amount ... similar goods are not complementary partners, they are competitors. Therefore, they do not open towards each other, and tend to isolate themselves, try to find markets ... its products in more developed countries. However, some progress ... this direction has appeared only ... the newly industrializing countries of Latin America and Southeast Asia.

Grammar in Use Present Perfect- Present Perfect Continuous

6. Match the tenses with their meaning.

1. My father has finished his project.	a) actions which began in the past and are still continuing up to the present
2. He has been working for this company since 1990.	b) personal experience or changes
3. I have worked all day and I’m tired.	c) recently completed actions
4. She has gained much experience recently.	d) past actions of certain duration that have visible results or effects in the present
5. He has been studying Economics all day and now he is ready for the exam.	e) complete past actions connected to the present with stated or unstated time reference