Chapter one Flashcards
What is globalization?
The process that is making the worlds citizens increasingly interdependent economically, socially, politically, environmentally, and technologically
What is economic globalization?
The process of expanding world trading networks
What is outsourcing?
One company hiring another company to fulfill certain tasks in production
What is a transnational corporation?
A corporation that operates in two or more countries
What is a consumer?
A person who buys goods or services for personal use
What is infrastructure?
The basic physical systems of a community including roads, utilities, water, sewage, and so on
What is media?
The different ways of delivering mass communication, such as newspapers, radio, and television
What is social globalization?
The process by which peoples lifestyles spread over global networks
What is political globalization?
The process by which political decisions and actions are becoming increasingly international
What is NAFTA?
North American free trade agreement
