Global challanges

Question 1

eine sehr kurzfristig orientierte Beschäftigungspolitik

Answer 1

a hire-and-fire policy

Most companies practice a hire-and-fire policy.

Question 2

Zugang

ein schneller Zugang zu Information

Answer 2

access

fast access to nformation

Question 3

Luftfahrtindustrie

Answer 3

aviation industry

The aviation industry has profited from the boom in flying over the past decade.

Question 4

Geschäft

Answer 4

business

for business and the public sector

Question 5

Kinderarbeit

Answer 5

child labour

There has been a problem with child labor in the sweatshops of developing countries.

Question 6

Wettbewerb

Answer 6

competition

to face increasing competition from sb

Question 7

Konzern, Unternehmen

Answer 7

corporation

the corporate world

Question 8

Wirtschaft, Ökonomie

Answer 8

economy

a free market economy

Question 9

Effizienz
Leistungsfähigkeit
Wirksamkeit

Answer 9

efficiency

• Corporations strive for efficiency through rationalisation of their personnel and working processes
• efficient (adj.)

Question 10

Export

Answer 10

export

antonym: import

Question 11

Austausch

globaler Austausch von Geld und Gütern

Answer 11

flow

global flow of money and goods

Question 12

Entwicklungshilfe

Entwicklungshilfe gewähren

Answer 12

foreign aid

to grant foreign aid

Question 13

Zugang zu fremden Märkten haben

Answer 13

foreign markets

International trade agreements allow small companies to have access to foreign markets.

Question 14

Weltwirtschaft

Answer 14

global economy

Question 15

globaler Markt

Answer 15

global market

Often when a company offers its shares on the stock market and goes public, it goes global, too.

Question 16

weltweit agierende Konzerne

Answer 16

global player

Question 17

Industrie

Answer 17

industry

industrial revolution

Question 18

Infrastruktur

Answer 18

infrastructure

with a highly developed/deficient infrastructure

Question 19

mangelhaft, fehlerhaft

Answer 19

deficient

a deficient infrastructure

Question 20

internationale Investitionen in andere Länder

Answer 20

international investment in other countries

The World Bank supports some international investment in other countries.

Question 21

internationale Märkte und Produktionsstätten

Answer 21

international markets and production sites

Increased globalisation results in international markets and production sites.

Question 22

der Internationale Währungsfond

Answer 22

International Monetary Fund (IMF)

The IMF aims to promote international monetary cooperation and to foster economic growth and high levels of employment.

Question 23

Lebenshaltungskosten

Die Löhne decken nicht die Lebenshaltungskosten.

Answer 23

living expenses

Wages do not cover living expenses.

Question 24

Industriegüter

Answer 24

manufactured goods

China’s index of manufactured goods rose by 2.7 percent last month.

Question 25

Fusion

Answer 25

merger

• to plan a merger
• to merge with another company

Question 26

multinationales Unternehmen/Gesellschaft

Answer 26

multinational company

Multinational companies have been changing the face of business for centuries.

Question 27

verhandeln
Handelsabkommen
aushandeln

Answer 27

negotiate

• to negotiate trade agreements
• negotiation (n.)

Question 28

Ausgliederung von Produktions- oder Dienstleistungen an Externe

Answer 28

outsourcing

• to outsource production to another country
• source

Question 29

Fundus

Answer 29

pool

• the global talent pool
• to pool
• pooling global resources

Question 30

privatisieren

Staatliche Betriebe privatisieren

Answer 30

to privatise
Germany went through a phase in the 1980s of privatising many state-owned companies, such as the post office and the telephone company.

Question 31

Profite maximieren

Answer 31

to maximise profits

Rationalising a business helps it to maximise its profits.

Question 32

den Wohlstand vergrößern

Answer 32

to increase prosperity

• prosperous (adj.)
• antonym: poverty

Question 33

Aktionär/in

Answer 33

shareholder

to focus on shareholders’ interests and shareholder value

Question 34

Beschaffung

Answer 34

sourcing

outsourcing, homesourcing

Question 35

Lebensstandard

• steigender Lebensstandard
• fallender Lebensstandard

Answer 35

standard of living

• rising/increasing
• decreasing standard of living

Question 36

hochmodern
aktuelle Technik
Stand der Technnik

Answer 36

state- of-the-art

state-of-the-art technology

Question 37

Zuschuss, Subvention

Answer 37

subsidy
European farmers get lots of subsidies.
- to subsidise
Many governments subsidies corporations that produce goods for them or their people.

Question 38

Lieferkette

Versorgungskette

Answer 38

supply chain
Supply-chain efficiency means reducing warehouse cost to a minimum.
- supply
- to supply sb with sth.

Question 39

den Handel ausweiten

Answer 39

to expand trade

- Multi- national corporations try to expand trade beyond their country’s borders.

Question 40

Gewerkschaft

Der abnehmende Einfluss der Gewerkschaften.

Answer 40

trade union

The declining influence of the trade unions.

Question 41

Lohn

Den Mindestlohn erhöhen

Answer 41

wage

to raise the minimum wage.

Question 42

Reichtum

Zum materiellem Reichtum beitragen.

Answer 42

wealth
to contribute to material wealth
- wealthy

Question 43

weit verbreitet

weit verbreitete Nutzung der neuesten Informationstechnologien

Answer 43

widespread

widespread use of the latest information technologies

Question 44

Arbeitsbedingungen verschlechtern sich

Answer 44

working conditions worsen

Question 45

Weltbank

Answer 45

World Bank

The World Bank is a source of financial and technical assistance to developing countries.

Question 46

Welthandeslorganisation

Answer 46

World Trade Organisation (WTO)
The World Trade Organization is the only global international organization dealing with the rules of trade between nations.