GLOBALIZATION

GLOBALIZATION

1. In the political was, nations are conerting to internattional and they can sell products in other countries

   • gives more job opportunitie

2. lead tu a utopian world society

   • or the other option will be the obliteration of less dominant cultures for more economic services

3. this began when large cultures started to exchange resources with other cultures

4. capitalism

   • production are owned by individuals or companies, not the goverment

5. developing countries

   • income nations

6. E-commerce

   • economic transactions, electronic device

7. homogenization

   • make something uniform

8. international monetary fund

   • cooperation and exchange between nations

9. mercantilism

   • acumulating wealth is through merchant trading

10. multilateral

    • A system, involving more countries participation

11. multinational corporation}

    • conduct business

12. offshoring

    • transfering organizational functions to another entity

13. WORLD BANK

    • International exchange to reduce poverty

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