Enhance Your Learning with Economics - Globalization Flash Cards for quick learning
The process of increased interconnectedness and interdependence among countries, economies, and societies.
The integration and interdependence of national economies through trade, investment, and capital flows.
The removal or reduction of barriers to trade, such as tariffs and quotas, to promote international trade.
Investment made by a company or individual in one country into business interests located in another country.
A company that operates in multiple countries, with production and distribution facilities located around the world.
The practice of contracting work to an external company or individual, often in a different country, to reduce costs or access specialized skills.
The relocation of business processes or services to a foreign country, typically to take advantage of lower labor costs.
The international division of labor in which different stages of production are spread across different countries.
The process by which local cultures and traditions become more similar or standardized due to globalization.
The blending and mixing of different cultural elements and influences as a result of globalization.
The gap between individuals and communities with access to digital technologies and those without, often related to socioeconomic factors.
The unequal distribution of income within a population, often exacerbated by globalization.
The emigration of highly skilled or educated individuals from one country to another, often due to better opportunities or higher wages.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
The coordination and regulation of global affairs and issues, often involving international organizations and agreements.
The policy of imposing restrictions on imports to protect domestic industries from foreign competition.
A situation in which countries impose tariffs or other trade barriers on each other, leading to a cycle of retaliatory measures.
A social and political movement that opposes or criticizes the negative aspects of globalization, such as inequality and environmental degradation.
Shared resources, such as the atmosphere and oceans, that are not owned by any one country and require international cooperation for sustainable management.
The idea that individuals have responsibilities and rights that extend beyond national borders, emphasizing the importance of global cooperation and solidarity.
The study and practice of improving health and achieving equity in health for all people worldwide, recognizing the interconnectedness of health issues across borders.
The condition of being extremely poor and lacking basic human needs, affecting millions of people around the world.
The unequal distribution of resources, opportunities, and wealth among countries and individuals, often perpetuated by global economic systems.
A severe worldwide economic crisis characterized by the collapse of financial institutions, stock markets, and high unemployment rates.
The long-term increase in Earth's average surface temperature due to human activities, such as the burning of fossil fuels and deforestation.
Changes in long-term weather patterns and average temperatures, often attributed to human activities and the release of greenhouse gases.
The total amount of greenhouse gases, primarily carbon dioxide, emitted directly or indirectly by an individual, organization, or product.
Energy derived from sources that are naturally replenished, such as sunlight, wind, and water, with minimal environmental impact.
An economy that aims to reduce environmental risks and ecological scarcities, while promoting sustainable development and social well-being.
A trading partnership based on dialogue, transparency, and respect, aiming to achieve greater equity in international trade by promoting fair prices and better working conditions for producers in developing countries.
The practice of businesses operating in a socially and environmentally responsible manner, taking into account the interests of stakeholders beyond just shareholders.
Universal principles and values that guide ethical behavior in a global context, promoting fairness, justice, and respect for human rights.
An international organization founded in 1945 to promote peace, security, and cooperation among member countries, addressing global challenges and advancing human rights.
An international organization that deals with the global rules of trade between nations, aiming to ensure trade flows as smoothly, predictably, and freely as possible.
An international organization that promotes global monetary cooperation, financial stability, and economic growth, providing loans and policy advice to member countries.
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects and reducing poverty.
A large company that operates in multiple countries, with headquarters in one country and subsidiaries or branches in others.
Financial assistance, technical support, and other resources provided by one country to another, often with the aim of promoting development and reducing poverty.
Money sent by individuals working abroad to their home countries, often a significant source of income for developing countries.
The movement of people across national borders, often driven by economic, social, and political factors.
The positive impact of skilled migration on the receiving country, as highly educated individuals contribute to economic growth and innovation.
The continuous movement of highly skilled individuals across countries, contributing to knowledge exchange and global development.
The travel and visitation of people to countries or places outside their usual environment, often for leisure, business, or cultural purposes.
The dominance of one culture over others, often through the spread of media, technology, and consumer products from more powerful countries.
The belief that cultural norms and values are relative and should be understood and evaluated within their own cultural context, rather than judged by external standards.
Education that promotes the knowledge, skills, and values necessary for active participation in a globalized world, fostering understanding, empathy, and responsibility.
The recognition of shared interests and common humanity among people around the world, leading to collective action and support for global justice.
The collective efforts of national and international actors to address global health challenges, such as pandemics and access to healthcare.
Education that promotes global awareness, understanding, and engagement, preparing individuals to be active and responsible global citizens.
The fair and equitable distribution of resources, opportunities, and benefits among all people, regardless of nationality or other characteristics.
The absence of violence, conflict, and war on a global scale, achieved through cooperation, diplomacy, and respect for human rights.