Economic Globalization
Name that Organization
What they do?
Terms
Sources
100
4 main factors that contribute to the expansion of globalization
What is communication, trade, transportation, and the media?
100
IMF
What is the International Monetary Fund
100
Agreement aimed to reduce trade barriers among member countries Goal: To eliminate tariffs and other trade barriers between themselves. Regulated trade services and goods. Set rules to protect copyright and intellectual property.
What is the GATT?
100
What are the Three pillars of globalization? economic, political, and cultural.
economic, political, and cultural.
100
The negative connotation of this political cartoon relates to what term when it's instantaneous?
What is sustainable prosperity?
200
Established a set of rules, institutions and procedures for the post WWII economy.
What is the Bretton Woods Agreement (1944)?
200
WB
What is the World Bank?
200
Occurs when two or more countries eliminate tariffs and taxes on the goods and services they trade with one another.
What is free trade?
200
Occurs when one company hires another company to fulfill certain tasks in production.These other companies are often located in countries where government regulation is less strict.
What is outsourcing?
200
A sense of connecting to, caring about and taking responsibility/accountability for others and the world around us connects to?
What is stewardship?
300
87% of these factories are owned by American companies or subsidiaries on the US/Mexico Border
What is the maquilas/maquiladoras?
300
WTO
What is the World Trade Organization?
300
Set dependable international exchange rates and promote foreign trade. Provides emergency short term loans and demands reform in countries to get rid of corruption.
What is the IMF?
300
What is Globalization?
the process of increasing the connectivity and interdependence of the world's markets and businesses. This process has speeded up dramatically in the last two decades because of the advent of the internet
300
What are the positive impacts of privatization?
It leads to the creation of wealth, cost production is reduced, and profits are maximized.
400
DAILY DOUBLE
What is one reason supporting and one reason opposing NAFTA?
400
NAFTA
What is the North American Free Trade Agreement?
400
What is the United Nations?
This world organization, that is still around today, was created after WWII as a place in which nations could settle international disputes.
400
A penalty, such as a trade boycott, taken to pressure a government.
What is a sanction?
400
Give an example of a transnational corporation
Coke, KFC, Apple
500
This term defines how the world is increasingly interdependent of world economies on a constant growing scale for counties to trade
What is economic globilization?
500
GATT
What is the General Agreement on Tariffs and Trades?
500
Ensures that the terms of trade agreements are followed, settles trade disputes between governments, and conducts trade negotiations
What is the WTO?
500
Process where countries remove or reduce the barriers to trade to allow for the easier flow of goods and services.
What is trade liberalization?
500
What is free market?
To act without being subjected to one government's control is because of this term that allows for the free flow of goods and services