Directions: There are four passages in this section. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A, B,C, and D. You should decide on the best choice and blacken the corresponding letter on ANSWER SHEET 1 . (40 points)
Text 4
“The word ‘protection’ is no longer taboo (禁忌语)”. This short sentence, uttered by French President Nicolas Sarkozy last month, may have launched a new era in economic history. Why? For decades, Western leaders have believed that lowering trade barriers and tariffs was a natural good. Doing so, they reasoned, would lead to greater economic efficiency and productivity, which in turn would improve human welfare. Championing free trade thus became a moral, not just an economic, cause.
These leaders, of course, weren’t acting out of unselfishness. They knew their economies were the most competitive, so they’d profit most from liberalization. And developing countries feared that their economies would be swamped by superior Western productivity. Today, however, the tables have turned---though few acknowledge it. The West continues to preach free trade, but practices it less and less. Asian, meanwhile, continues to plead for special protection but practices more and more free trade。
That’s why Sarkozy’s words were so important: he finally injected some honesty into the trade debates. The truth is that large parts of the West are losing faith in tree trade, though few leaders admit it. Some economists are more honest. Paul Krugman is one of the few willing to acknowledge that protectionist arguments are returning. In the short run, there will be winners and losers under free trade. This, of course, is what capitalism is all about. But more and more of these losers will be in the West, Economists in the developed world used to love quoting Jonoph Schumpeter, who said that ‘creative destruction” was an essential part of capitalist growth. But they always assumed that destruction would happen over there. When Western workers began losing jobs, suddenly their leaders began to lose faith in their principles, Things have yet to reverse completely. But there’s clearly a negative trend in a Western theory and practice。
A little hypocrisy (虚伪) is not in itself a serious problem. The real problem is that Western governments continue to insist that they retain control of the key global economic and financial institutions while drifting away from global liberalization. Lock at what’s happening at the IMF (International Monetary Fund) The Europeans have demanded that they keep the post of managing director. But all too often, Western officials put their own interests above everyone else’s when they dominate these global institutions。
The time has therefore come for the Asians-who are clearly the new winners in today’s global economy-to provide more intellectual leadership in supporting free trade: Sadly, they have yet to do so. Unless Asians speak out, however, there’s a real danger that Adam Smith’s principles, which have brought so much good to the world, could gradually die. And that would leave all of us, worse off, in one way or another。
16. It can be inferred that “protection” (Line 1, Para.1) means____________。
A. improving economic efficiency.
B. ending the free-trade practice
C. lowering moral standard
D. raising trade tariffs
17. The Western leaders preach free trade because____________。
A. it is beneficial to their economies
B. it is supported by developing countries
C. it makes them keep faith in their principles
D. it is advocated by Joseph Schumpeter and Adam Smith
18. By “the tables have turned” (Line 3-4, Para. 2) the author implies that____________。
A. the Western leaders have turned self-centered
B. the Asian leaders have become advocates of free trade
C. the developed economies have turned less competitive
D. the developing economies have become more independent
19. The Western economies used to like the idea of “creative destruction” because it____________。
A. set a long-term rather than short-turn goal
B. was an essential part of capitalist development
C. contained a positive rather than negative mentality
D. was meant to be the destruction of developing economies
20. The author uses “IMF” was an example to illustrate the point that___________。
A. European leaders are reluctant to admit they are hypocritical
B. there is an inconsistency between Western theory and practice
C. global institutions are not being led by true globalization advocates
D. European countries’ interests are being ignored by economic leaders
16--20 DACDC
