Globalization Flashcards
Define Globalization
the process of the economies and cultures of different countries coming together on a world-wide scale through advances in technology, communtications,transport, trade,liberlization and commerce
Define Global Village
all the different parts of the world from one community linked together by electronic communications,especially the Internet.
Define the economy
a system of producing,distributing and consuming wealth. The system of trade and industry by which the wealth is made and used.
Define trade
the economic concept involves the buying and selling of goods and services
Define trade liberlization
the removal of laws and regulations that guided trade and preferencial treatment, as well as, the free movement of goods and labour
Define technology
science or knowledge put into practical use to solve problems or invent useful tools
Define communtications
the act of transferring information from on place,person or group to another
What is a Transnational Corporation?
this refers to any corporation or mega business that is registered or operates in more than one country at a time
What is another name for a Transnational Corporation?
A FOOTLOOSE corporation
Name two Transnational Corporation businesses?
Doritos and Adidas
Define communicable diseases
a communicable disease is one that is spread from one person to another through a variety of ways. Eg. air borne transmission
Define climate change
climate change is a long-term shift in global or regional climate factors.
