Business English >> Advanced Vocabulary >> Impact of Globalisation Gap Fill
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Advanced Vocabulary
Impact of Globalisation Gap Fill
Fill in each gap with a word or phrase from the box.
Globalisation has transformed the way businesses operate by opening up access to ________, allowing companies to sell products and services across borders. However, it also means that businesses must navigate different regulations, including ________, which can make imported goods more expensive. Many companies take advantage of ________ to reduce costs by sourcing parts or services from abroad. The movement towards ________ has reduced barriers to international commerce, making it easier for businesses to access new customers. ________ agreements between countries further facilitate trade by removing or lowering trade barriers.
A global ________ allows businesses to distribute their products worldwide, but it also exposes them to risks such as political instability. One of the positive aspects of globalisation is the increase in ________, where ideas, traditions, and products from different cultures spread across borders. Additionally, globalisation encourages ________, which can help developing countries grow their economies.
