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第一单元 Text A Tax Competition Spurs Globalization
Key to the exercises
1 Reading comprehension
(1)The economic forces behind globalization include rising trade and investment flows, greater labor mobility, and rapid transfers of technology. Those trends have been stimulated by the deregulation of financial markets, reductions in trade barriers, and lower communication costs.
(2)Most economists support globalization because it raises the incomes of people worldwide. Another lesser noticed benefit is that it makes it harder for governments to sustain excessively high tax rates. When economic inte
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