Chpt. 36, Globalization and Resistance Flashcards
1
Q
globalization
A
The increasing interconnectedness of all parts of the world, particularly in communication and commerce but also in culture and politics.
2
Q
multinational corporation (or just, “multinational”)
A
Powerful companies, mainly from the West or Pacific Rim, with production as well as distribution operations in many different countries. These surged in the decades after WW2.
3
Q
North American Free Trade Agreement (NAFTA)
A
An agreement that created a free trade zone among Mexico, Canada, and the US, in hopes of encouraging economic growth in all three nations. It went into effect after difficult negotiations on January 1, 1994.