Final Flashcards
G-20
the Group of Twenty Finance Minsters and Central Bank Governors representing leading industrial and emerging market countries. Forum for building support for common approaches to meet the world’s financial challenges
North American Free Trade Agreement (NAFTA)
an arrangement designed to expand cross-border trade and investment signed by Canada Mexico, and the United States in 1994.
Direct Investment
the acquisition of corporate assets through the purchase of property, a plant, or equipment
transnational corporations
companies that operate on a global scale with integrated operations across regions and countries
Intellectual property rights (IPRs)
patents, copyrights, and trademarks extended to individuals and organizations to protect their ownership of works generated through their original ideas
culture
the set of distinctive spiritual, material, intellectual, and emotional features of society or a social group, that encompasses, not only art and literature, but lifestyles ways of living together, value systems, traditions and beliefs
culture shock
a physical and psychological response to cultural differences when traveling away from hiome
assimilation
the submerging of cultural differences into a broader, dominant culture
cultural imperialism
when one culture is dominated by another culture to the point that the victimized culture is forced to change its cultural practices
migration
the movement of people across borders that reshapes identities, both within states and nations, and between them
sharia law
a legal system that relies on Islam and applies broadly to how Muslims should live their lives, It includes punishments for crimes that may not be acceptable universally
ethnic conflict
when differences in identity are too great to reconcile within state boundaries
genocide
the extreme form of ethnic cleansing, where one group seeks to deliberately kill members of anther group based solely on their national or ethnic differences
failed state
a nation-state whose government can no longer provide political, economic, and social stability
glocalization
the adaptation of local forms of expression and identity to outside influences (mcdonalds different)