Mind map

Globalization

MARIA DEL RAYO SOSA GUERRERO Historia Universal Contemporánea Tercero Spanish

Map content

Globalization

Integration Global Scale Dominant cultures Interaction Exchange of resources Governments and multinationaal corporations

Capitalism
- Free market
  - Means of production owned by companies/inviduals
Developing countries
- Low/ middle income
E-commerce
- Electronic transactions
Homogenization
- Uniformity
International Monetary Fund (IMF)
- Cooperation and exchange between countries
  - International trade
  - 1947
Mercantilism
- Supply of capital
  - Nations' prospetrity
Multilateral
- Participation 2+ countries
Multinational corporation
- Business in multiple countries
Outsourcing
- Transferring noncentral functions to another entity
Offshoring
- Transfer organizational functions to another country
Protectionism
- Protect domestic industry
  - Import/export regulations
    - Support for domestic growth
World bank
- Union of international organizations
  - 1945
    - International exchange
      - Reduce poverty