Miscellaneous
Consists of 27 countries that have committed to regional integration, by opening borders to the free flow of goods, services, people, and capital.
the European Union, or EU
The four modes of transportation.
plane, truck, ship, and rail
The burger that was shown to have all 8 ingredients from different countries.
Big Mac
Went public in 1996 and has allowed companies to improve global competitiveness and productivity.
the internet
The system of interaction among the countries of the world in order to develop the global economy.
Globalization
The countries involved in the NAFTA agreement.
Canada, United States, and Mexico
The primary mode of transportation during colonial times.
ship
McDonald's serves 35 million of these a day.
customers
Formed in 1947 (and replaced in 1994 by the WTO) the main objective for this agreement was to reduce barriers to international trade.
GATT
Process of awarding a third party, usually a supplier, to perform services that are currently being performed by an organization's employees.
outsourcing
What does IMF stand for?
International Monetary Fund
The first person to trade goods from Italy to Turkey
Marco Polo
The country with the most expensive Big Mac.
Norway
A famous current trade problem.
Trade war between China and the US
The people who travel and live in different cities for certain periods.
Globalization has significantly contributed to the promotion of...
international tourism
One of the first trade companies.
East India Trading Company, or Dutch India Trading Company
The amount of french fries McDonald's serves in one day.
3 million
The current amount of multinational corporations.
63,000
a type of outsourcing that involves the relocation of a company's business process or processes to a foreign country.
Off-shoring