The phenomenon provides a way for companies to remain globally competitive while avoiding market cycles and the growing burdens imposed by employment rules , healthcare costs and pension plans.

核心词汇:

phenomenon 现象 globally在全球，就全球而言

market cycles市场周期 impose强加，征税 pension养老金，年金

参考答案：

结构剖析：

①本句的主干是The phenomenon provides a way，后面的for companies to remain globally competitive修饰a way，作定语。

②while之后的现在分词结构avoiding market cycles and the growing burdens…作状语，其中avoiding的逻辑主语是前面的companies ; avoiding带两个宾语，一个是market cycles，另一个是the growing burdens…，而过去分词结构imposed by employment rules , healthcare costs and pension plans又作the growing burdens的定语。

参考译文：这一现象给公司提供了一种方式，是它们既能保持全球竞争力，又能避免市场周期与就业法规、医疗成本和养老金方案等造成的不断加重的负担。