Concepts related to Globalization

Concepts related to Globalization

1. Capitalism

   • Economic system
   • Owned by individuals &companies

2. Developing countries

   • low middle income nations

3. E-Commerce

   • Economic & commerce transactions that are electronically

4. Homogenization

   • Uniform/Similar

5. IMF

   • Cooperation and exchange
     • Growth int.trade

6. Mercantilism

   • Economic theory
     • Supply of capital

7. Multilateral

   • Participation more than 2 countries

8. Multinational corporation

   • Business more than 1 nation

9. Offshorings

   • Tranfering organizational functions

10. Outsourcing

    • Transfering noncentral functions

11. Protectionism

    • Import &Export regulations
      • Protect industry from foreign competition

12. World Bank

    • Union international organization
    • Aid
      • Reduce poverty

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