Use words from the list to fill in the gaps in the text.


mutual branching mass taxes enterprises jobs society feeder expansion economy technologies produce factories employs foreign competition

What is going to happen, I think, is that and goods will get cheaper as there will be more production, and greater supply, and more . The demand will encourage more to start up and expand – which in turn will mean more , everywhere! It won't be your horse and sparrow, it will be development. The weaker nations will be developing their own markets and making deals with companies to goods in their countries.

There will be value added through of production. By value added I mean that when you expand production, you're expanding the local . Instead of the sparrow following the horse, as you put it, you'll see a whole economy benefit. There'll be a need for what we call industries, sub-suppliers, and there will be transport needs. The people getting jobs will pay which mean that the local authorities will have more money for social programmes and so on. The whole of  gets a real shot in the arm.
So you see better employment conditions for the least developed countries, or LDCs as we call them?
Yes of course. If, for example, you look at the American company Ford, it has built in England and Germany to build cars for the European market. That lots of people over there. It's the same with the global economy. We're not talking about a global economy that simply creates markets for American and European companies. I see companies out and creating jobs in undeveloped countries.
Cappelen Damm

Sist oppdatert: 30.07.2007

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