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•Read the article below about productivity growth of the new entrants in EU.•Ch
•Read the article below about productivity growth of the new entrants in EU.•Ch
游客
2025-05-29
7
管理
问题
•Read the article below about productivity growth of the new entrants in EU.
•Choose the best word to fill each gap from A,B, C or D on the opposite page.
•For each question 12-30, mark one letter (A,B, C or D ) on your Answer Sheet.
The Newbies Will Set the pace
Eight Eastern European countries more Malta and Cyprus are posting better economic growth numbers than the euro zone. The trend is likely to persist and may push current members to make much-needed reforms.
One reason the accession countries are expected to grow (21) faster than the euro zone this year is productivity growth. After (22) to wage differentials, workers in the accession countries are up to twice as productive as euro zone employees. The rapid productivity gains (23) for greater profits and real wage advancements, (24) ingredients to spurring demand.
Euro zone workers are more (25) on an absolute basis. Industrial productivity growth for the thee largest entrants — Poland, Hungary, and the Czech Republic — will be 9.5% this year, vs.2.8% for the euro zone. A big reason for the gap is a strong inflow of foreign direct investment. Foreign companies that overhaul or build plants are (26) in better technology. (27) , the newest members have lower corporate tax rates than the euro zone. Their entry into the EU and their more attractive business environment should (28) in even greater levels of FDI to these countries. That should bring further gains in productivity. The virtuous cycle that the new entrants appear to be building will add pressure on established members to reform their labor markets, tax codes, and social benefits programs, such as pensions. The (29) euro zone is establishing a dynamic setting in which the accession countries have secured initial advantages. But the established members have a long way to go to (30) on productivity growth. [br]
选项
A、essential
B、major
C、primary
D、key
答案
D
解析
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