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The acceleration of U.S. growth is only the opening act of a 【S1】______ larger drama of global economic change—and growth. For s
The acceleration of U.S. growth is only the opening act of a 【S1】______ larger drama of global economic change—and growth. For s
admin
2009-04-23
82
问题
The acceleration of U.S. growth is only the opening act of a 【S1】______ larger drama of global economic change—and growth. For starters’ the Internet should make many more industries open to globalization. Historically, international trade flows have consisted mainly of 【S2】______Whether it was spices or airplanes, it was far easier to ship goods overseas than services. But with the Internet, it becomes much easier to provide services of all types—banking, education, consulting, retailing, gambling—through a web site that is 【S3】______ accessible.
Beyond that, as more and more countries become tied into the global net, there may well be an 【S4】______ of the rate of innovation. New growth theory predicts that as the size of the global market gets bigger, the rewards for uncovering lucrative new ideas get bigger and bigger. Moreover, as new ideas flow back and forth across national 【S5】______ faster and more easily, everybody will benefit. "There are lots of reasons to think the Internet will lead to much more rapid diffusion of knowledge," says Jonathan Eaton, an economist at Boston University. A study by Eaton and his co-author, Samuel Kortum, has estimated that 【S6】______ the extreme case, if national borders became irrelevant, global growth could go up by one full percentage point.
To be sure, the global economy has not yet reached that point. The U.S. still dominates the Internet, accounting 【S7】______ more than half of individuals online and three-quarter of their people online, which appears to be the level at which the U.S. took off. Moreover, most industrialized countries are not yet seeing rapid accelerations in information-technology spending.
Even as the size of the global pie increases, there is the question of who will get the biggest share of the benefits. Periods of great technological evolution often see new countries or regions become 【S8】______ for the global economy. The second Industrial Revolution of the late 1800s and early 1900s saw the U.S. take the place of Britain as the major industrial power, in part because the U.S. 【S9】______ new innovations faster.
The Internet makes innovation even more important. With new ideas appearing quickly, there is 【S10】______ chance of protecting a monopoly. Nor are small differences in production cost as important when the technology is quickly evolving. Instead, whichever country is able to generate and make use of innovations the fastest will come out ahead.
Word Bank:
A. pacesetters I. goods
B. acceleration J. adapted
C. boundaries K. after
D. for L. adopted
E. services M. globally
F. nationally N. much
G. little O. in
H. everything
选项
答案
N
解析
句子下文的比较级larger提示这里应当添加一个能够修饰比较级的副词。能够修饰比较级的副词比较常用的有:much,far,still,even,a lot等。在所给的选项中,much与句子的意思吻合。
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0
大学英语四级
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