II. Reading

A. Study the following words and make up word combinations with them:

1. knowledge – based	a) innovation
2. economic	b) smart processes
3. research	c) computer software
4. economic	d) services
5. new products and	e) sector
6. financial	f) excellence
7. to invest heavily in	g) economy
8.‘creative’	h) pioneers
9. a well – educated and highly skilled	i) and innovative practices
10. to adopt new technologies	j) workforce

B. Fill in the gaps with the appropriate words and word combinations:

(smart (2), excellence (2), economy, knowledge-driven, workforce (3), creative, pioneers, creatively, creativity).

1. The country has the foundations of a knowledge-based _________, because of its high investment in education. 2. They want to attract high quality __________ projects into the UK. 3. The ________ went west across North America, cutting down forests and planting new crops. 4. Both firms have a long-standing reputation for ________ in customer service. 5. Our company mission is to achieve ________ through innovation and integration. 6. They recruit _______ young people and train them on the job.7. Buying those shares was a really _______ move. 8. We felt that it was a _______ solution to a difficult problem. 9. Working in a cutting-edge environment makes us think more ________ . 10 The organization celebrates and rewards ________ in its staff. 11. The government is determined to create a skilled __________ capable of preparing the country for a fast-paced global economy. 12. Schools are working increasingly with businesses to fill gaps in the ___________. 13 Graduate employees are entering the _________ with too few business skills, according to research.

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B. Examine the graph and say which of the mentioned steps are reasonable at the moment (in 2000, 2007).	\|	C. Read the text and match the highlighted words to their definitions.

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