Economic Globalization
An economy in which government regulations are reduced to a minimum and businesses are free to make their own decisions
Market Economy, Free Market, or Capitalism
EU is an abbreviation of this
European Union
The exchange of goods and services.
Trade
Transnationals are usually located here.
Developed Countries or U.S.
Communism
Many people believe that economic globalization will result in ____________. But some argue that this will lead to more instability or strife. (hint: the reliance on one another)
Interdependence
The EU is concerned with economic matters between its countries. They are also involved in this other type of matter.
Political
Cellphones that can take pictures, make videos, store hundreds of recordings, function as a organizer, bank card, have lots of apps, gps, and so on, is an example of this.
Technological Convergence
Many people believe that Transnational corporations control the world and how it should be run because of the demand of this
Resources
This event was costing the Canadian government more than $2.5 million dollars a day and income taxes were introduced to help pay this off.
World War I
This Conference was one of the first meetings of the UN and helped establish the IMF or World Bank.
The Bretton Woods Conference
They have made all currency in the region the same to make trade easier. It is called this.
Euro
Containerization is this.
the transporting of goods in standard-sized shipping containers
Foreign aid is shifting from this to this, so this is why most countries are investing money in corporations.
Government, Transnational Corporations
During the Great Depression, this action went down because people did not have the money to buy things which meant that people lost their jobs, because businesses could not pay for them anymore.
Demand
Mixed Economy
This major current event has disrupted this agreement significantly and could have lasting implications, especially between Britain and the rest of the EU.
Brexit
A 210-kilometer zone on the border of the United States and Mexico that houses factories
Maquiladoras
Countries are adopting this type of trade because of the success and power of capitalist corporations
Liberalized trade
About 42 000 Canadians died fighting in this war and another 54 000 were wounded physically or psychologically.
World War II
The rate of increase in prices over a given period of time.
Inflation
An example of social resources that the EU has invested in to keep up and remain competitive in a globalizing world would be this.
taking action against discrimination, or protecting workers' rights
A major issue of E-Commerce
Digital Divide
The push for developing countries to spend money on investing has negatively affected other areas. Give an example
pushing wages down, reducing social spending, corrupt government, reducing cultural practices for western ones.
Employment