GLOBALIZATION & ECONOMY | Baamboozle - Baamboozle

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please, never _ while investing

put all your eggs in one basket

Implementing a _ could promote transport rates and the range of international goods.

free trade agreement

recently, _ online platforms have become popular among society, especially, Chat GPT and Netflix

digital globalization

Besides, _ is also necessary, which means the worker should be equiped with annual training.

workforce upskilling

loads of multinational companies that monopoly the local market could lead to _

income inequality

employment of local labor might cost a lot, so most popular companies decide to _ to other countries to promote profit

outsource

Although industrialization might benefit the economy, it could lead to _

environmental degradation

Thanks to _ and the exploitation of cheap labor in developing countries, most enterprise could enhance their profit after only 2 years

production overseas

_usually occurs during the peak travel period.

Job insecurity

Local brands r_ when competing with foreign brands.

race to the bottom

all businesses should apply _by focusing on sustainable growth without environmental threats and inequal market

green investment

With _, local industries should be expanding, mitigating the dependency on foreign investment

diversified economies

_ could benefit tourists while traveling around European countries without a visa needed

economic integration

Thanks to _, local companies are more likely to extend their production scale.

foreign direct investment

_ is one of the most crucial targets for local businesses to globalize their companies

cross-border trade

The government should launch _ to ensure labor rights and mitigate the exploitation of workers

fairtrade policies

multinational companies such as Nike, Adidas, and Samsung all decide to _ in developing countries.

offshore

Due to the lenient regulation of the government on MNCs, it could be witnessed a significant _

decline in local businesses

_ has become a noticeable concern among most developing countries while many skilled professionals decide to study and work abroad rather than in the nation

Brain drain

Thanks to the increase in competition, which could lead to _

consumer choice expansion

However, relying on foreign direct investment might lead to _.

economic dependency

_ such as Qnet,Microsoft,Apple can sustain for a long term

Multinational corporations (MNCs)

the _ is the platform that allows both buying and selling activities to take place globally

global marketplace

Most developing countries are taking advantage of _ from multinational corporations.

technology transfer

by_, the government could improve the overall national economy

strengthening small and medium enterprises

we all know how worse the environment has recently, but _ is the often occur of extreme weather conditions taking place around the world

the bottom line

For the 2025 globalizing target, national companies should aim to _

access global markets

_is an efficient policy for the government to reduce the rich and poor gap

progressive taxation

the government breaks up the _of multinational corporations to protect the local firms

monopoly

An economy that is based on _ could motivate national development rapidly

expertise

if one nation aims to develop rapidly, it should change from a manual economy to a _

knowledge economy

Skyline is known for being one of the most popular global supply chains.

global supply chains

Thanks to globalization, some countries can mitigate or eliminate nearly entire _

tariffs and trade barriers

by focusing on _, the government can protect local firms

regulating multinational corporations

To avoid cultural homogenization the government should implement |_

cultural preservation programs.

There is a fine line between cultural exchange and _

cultural homogenization

Creating opportunities for multinational cooperation to engage in the local market could _ in the national economic background

enhance competition