Globalization

Globalization

1. Capitalism

   • Free market
     • Means of production owned by companies/inviduals

2. Developing countries

   • Low/ middle income

3. E-commerce

   • Electronic transactions

4. Homogenization

   • Uniformity

5. International Monetary Fund (IMF)

   • Cooperation and exchange between countries
     • International trade
     • 1947

6. Mercantilism

   • Supply of capital
     • Nations' prospetrity

7. Multilateral

   • Participation 2+ countries

8. Multinational corporation

   • Business in multiple countries

9. Outsourcing

   • Transferring noncentral functions to another entity

10. Offshoring

    • Transfer organizational functions to another country

11. Protectionism

    • Protect domestic industry
      • Import/export regulations
        • Support for domestic growth

12. World bank

    • Union of international organizations
      • 1945
        • International exchange
          • Reduce poverty

Bilder und Dateien der Mindmap