abc.金融英语 金融世界21（Abc. Finance English world of Finance 21）.docVIP

abc.金融英语 金融世界21（Abc. Finance English world of Finance 21） ABC. Financial English Financial World A total of 24 lectures The financial world twenty-first Last we introduce two important international organizations: International Monetary Fund International Monetary Fund and the World Trade Organization World Trade Organisation. These two international organizations, established successively during and after the two World War, played an important role in stabilizing the world economic order. But Australian finance minister Barry Clark said the postwar international economy also has its dark side: While the IMF and the GATT, created during and after World war II, were part of the explanation for trade expansion and income growth in the 1950s, 60s and 70s, there was a darker side to the post-war international economy. Problems began to develop with the international financial system, caused in, large part, by the failure of countries experiencing fundamental balance of payments problems to devalue or revalue their currencies. Also, the US dollars which had been in scarce supply in the 1940s became all too available in the 1960s, to the point at which the world wasawash with dollars. The dollars value vis a vis other currencies was now being challenged. It, was, essentially, this, to, the, core, currency, which, led, to, the, breakdown, of, the, Bretton, Woods, fixed, exchange, rate,, system, in, the, period,,, to, challenge Barry Clark used several words in his conversation: 1 devaluation of devalue 2 revalue value adjustment 3 vis-a-vis compared 4 awash with dollars dollar flood Lets listen to his talk and Chinese Translation Despite the establishment during and after World War Two the International Monetary Fund and GATT is one of the reasons in twentieth Century sixty and 70s fifty, trade expansion and increase the income of the post-war international economy there was a darker side. The international financial system is starting to suffer, largely because of countri