GLOBALIZATION CONCEPTS

GLOBALIZATION CONCEPTS

1. Capitalism

   • the means of
     • owned by
       • goods, services and capital
         • exchanged

2. Developing countries

   • classified by
     • as
       • GNI

3. E-Commerce

   • commerce
   • economic transactions

4. Outsourcing

   • transferring
     • noncentral functions
   • same country

5. International Monetary Fund (IMF)

   • International Organization
     • of
       • 189 countries
   • 1947
     • promote cooperation

6. Multilateral

   • system involves
     • • more than two

7. Mercantilism

   • economic theory
     • • nations whose major mode

8. Multinational Corporation

   • • that conducts
       • • more than one

9. World Bank

   • union of international organizations
     • established - 1945
       • • particpate in

10. Homogenization

    • making something

11. Protectionism

    • • governing organization
        • to protect
    • include
      • export
      • import
        • regulations

12. Offshoring

    • • organizational functions
        • another

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