Globalization

Annotations:

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

1. Capitalism
   1. Free market
      1. Means of production owned by companies/inviduals
2. Developing countries
   1. Low/ middle income
3. E-commerce
   1. Electronic transactions
4. Homogenization
   1. Uniformity
5. International Monetary Fund (IMF)
   1. Cooperation and exchange between countries
      1. International trade
      2. 1947
6. Mercantilism
   1. Supply of capital
      1. Nations' prospetrity
7. Multilateral
   1. Participation 2+ countries
8. Multinational corporation
   1. Business in multiple countries
9. Outsourcing
   1. Transferring noncentral functions to another entity
10. Offshoring
    1. Transfer organizational functions to another country
11. Protectionism
    1. Protect domestic industry
       1. Import/export regulations
          1. Support for domestic growth
12. World bank
    1. Union of international organizations
       1. 1945
          1. International exchange
             1. Reduce poverty